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RE: Did You Know You Can "Transfer" SP To Someone Else?

in #howto7 years ago

Well, now it makes me wonder why we can't just straight transfer SP like everything else. Especially since there's always the push to power up. Get more power, more say, so on and so forth.

Can't tell exactly, but it sounds like you'd already found out about it.

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I imagine you can't transfer SP because it's already vested. You have to un-vest first, then you can transfer. Otherwise it would be too easy to transfer. For instance, you could transfer powered SP in exchange for SBD. It would be a way for people to circumvent the 13 week powering down period. You could sell the SP at a discount in order to get it out sooner.

I see what you're saying. Who knows, that might be why. However, even if you are selling SP for SBD, the SP still exists as SP for the person who's receiving it. Unless you're saying it magically converts to STEEM somehow, the newly added SP would have to be powered down along with the rest of the existing SP, wouldn't it?

No, it wouldn't be converted to Steem. I'm saying I think they have it set up so people can't get around the powering down process. Yeah, it would still need to be powered down.

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