So I was spending some time yesterday to understand how Steemit works, and I have a pretty good idea. One of the things I explored is how much Steem power someone needs to have in order for a post to get thousands of dollars worth of "upvotes."
Basically what I determined is, you get give approximately 1/130,000th of your capital for upvotes. Correct me if I'm wrong but this seems to be the case.
Thus, someone who gets $1000 in upvotes has to have roughly $130M worth of Steem power to do that.
I determined this by figuring we have 40 upvotes to give per day, multiplying that by days in the year, and then splitting it up equally over 10% growth (as I read the amount of Steem divied out to content creators is 10% of total capital per year).
Is this correct?