It goes without any reasonable doubt that there are too much jargon in Steemit. Unless one understands the many difficult terms in the site, it becomes hard to know what is meant at every stage. Your mouth, esoecially if you are new will gape in awe and astonishment. Confusion will be inscripted in every activity that you do.
As soon as you are busy understanding one term, another more ambiguous than the first crops in. It is however good that you learn on the job and steemit itself is an archive of information.
Why The Jargon In Steemit?
Investors are often protected to maintain fair, orderly and efficient markets. Securities and Exchange Commission (SEC) is charged with such responsibility. They facilitate capital formations.
Their duties include among others enduring entities like Steemit Blockchain use names different from their useful and proper names. Unless they do so, it may result into running into problems with SEC.
SEC was founded in 1936 and has its headquarters in Pasay, Philippines.
SEC is therefore the reason why companies use much jargon in their day to day running of their activities. Steemit is no exception.
What Are Vests?
Vests happen to be equity in Steemit.
Equity spells the stock of a company.
Vests, therefore, becomes the stock stemians hold in Steemit. The more vests one has is the more stock they hold in the blockchain. The stock is restricted and has to be held for a soecific period of time before you can cash them out.
When they are eligible to be cashed out, they are said to be vested.
Vests may be the internal concept of steem power; it is how they are understood by the network and computers. The FAQ describes vests as such. You can get a glimpse into the Steemit FAQ to learn more.
You can get into the FAQ by clicking on the three short lines at the top-left-hand-corner of your comp and scroll downwards.
Vests may also be described as 'share in steem power.' It is a represantation of a percentage ownership in steemit.
Check how many vests you have here
Replace username with the username you use in steemit e.g 
What Are Mvests?
Just as a vest is a unit of measurenent for steem power, mvest is a larger unit. One mvest is equivalent to one million vests.
1 MVEST=1,000,000 Vests.
1 Km =1,000,000mm.
What Importance Has Vests?
Vests being the shares one holds in Steemit, they give him voting power in the form of steem power.
The more vests one has, the more power you have.
Vests show how much influence one has on posts. The more the vests is the more influence you have.
A Very Important Fact
Steem Power (SP) is how much influence a user has in the steem network.
The power is brought about by how much equity (stock) held in the company in terms of vests.
Steem power is less liquid as indicated earlier, you cannot wake up one night and expect to get all the steem power that you hold in the company as cash, buy something or sent to someone else. It has to take some time.
To do so, one has ti receive equal distributions of steem weekly for a 13 week period. This is called powering down and make you lose equivalent power in steemit.
How To Get Stick In Steemit.
Buy it with steem.
You cannot buy it with steem dollars. The paramount idea here is to first change steem dollars to steem.
One Does This In Few Simple Steps
Click on the small arrow against your steem dollar amount in your wallet.
Click on 'buy steem'.
Enter the amount you want to buy steem from the available balance.
Wait for 3.5 days for the transaction to complete.
Upon the amount showing in your steem wallet, click on the arrow against your steem amount.
Click on the 'power up' button.
Enter the amount you are powering up and there you are.
All images courtesy pixabay public domain.
