You are viewing a single comment's thread from:
RE: My Steem Investing Analysis: Buying the Bottom Versus Dollar Cost Averaging.
Steem Power collects interest correct?
Steem power goes inflationary up with steem as vests
If you hold onto 1 STEEM you will have 1 STEEM forever.
If you power up your 1 STEEM into STEEM POWER your 1 STEEM/vest will go with the #inflation https://steemd.com
(steem_per_mvests 236.342 - this number goes up - you get more steem in time pased from the initial STEEM to STEEMPOWER-vests conversion)
and be in time powered down into more #steem while they are being inflationary created....
Yes, it does collect interest, but that's mostly (or only?) to cover the loss in dilution from the daily inflation. So, it's basically a wash.
Seems like it only covers dilution which is not a "wash" compared to liquid steem.
Of course not, compared to liquid STEEM. I was simply pointing out that the interest from inflation isn't actually "interest." It just keeps you at the same number of vested shares from day to day.
Right, glad to have this finally sorted out. I feel the faq needs updated a bit.