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RE: Hodling STEEM Power makes STEEM
I didn't know that. I have taught that if you power up 1000 STEEM you get same amount when you power down. Thanks :-)
I didn't know that. I have taught that if you power up 1000 STEEM you get same amount when you power down. Thanks :-)
The same here, I didn't know about that part. The concept of Steem is so huge that if one spends a year here, he will keep learning new thing everyday.
Look, your SP doesn't magically go up. He's saying that the value did increase in the last two years, so people who bought in then did make a nice profit. It's a different story if you take a look at the last six months. There is no guaranteed that you will make money. Past performance is no guarantee of future performance. He's a salesman.
Look, your SP doesn't magically go up. He's saying that the value did increase in the last two years, so people who bought in then did make a nice profit. It's a different story if you take a look at the last six months. There is no guaranteed that you will make money. Past performance is no guarantee of future performance. He's a salesman.
STEEM per mvests goes up only about 2% per year now. In the beginning of STEEM it went up a lot faster.
https://steemit.com/steemdev/@jesta/historical-rates-for-vests-and-steem#@hpauric/re-jesta-historical-rates-for-vests-and-steem-20180104t103529498z
It's definitely not as much now but it does go up a bit and far more than institutional interest rates.
is it valuable to a user to power down and rebuy steem vs leaving it in the account>
Powering down then powering up again will result in less Steem Power depending on how long you hold it before powering up again. The amount is tiny when you talking short term it is almost insignificant.
In the early days there was 100% inflation, that's why he got the numbers he did.
Now, if you power up you get 7% inflation. So if you power up 1000 steem, and then power down a year later, you get 1070 steem.
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