If I power up with Steem that is a one way transaction correct? This improves all my future earnings and voting power but essentially takes the Steem out of circulation?
It’s not a one way transaction but it puts it into escrow. It can be powered down again but the complete process takes 3 months. You get a percentage every week while the power down continues.
It also makes the funds more secure as they can’t be accessed immediately.
If I power up with Steem that is a one way transaction correct? This improves all my future earnings and voting power but essentially takes the Steem out of circulation?
It’s not a one way transaction but it puts it into escrow. It can be powered down again but the complete process takes 3 months. You get a percentage every week while the power down continues.
It also makes the funds more secure as they can’t be accessed immediately.
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Oh cool! That wasn't particularly clear. I shall power up immediately.