Right, it only shows up in the new posts for people logged in, community needs to approve it before people not logged in can see it. Helps keep spam down.
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Thanks, so if I understand correct the flow is:
1) visible on shownew for logged in members until threshold reached
2) visible on shownew for everyone until (other?) threshold reached
3) visible on Show Hn
No idea if that is correct, it is conjecture on my part. Quick look through the Show page shows no posts without a vote. Karma may play into it as well, posters with lower karma needing more votes to get on the Show page. HN seems to purposefully avoid giving away the specifics of such things, which I think is a good thing.