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RE: How does STEEM work?
Okay. What are the advantages of powering up or down? There should be a video for noobs so its easier for people to understand what powering up and down does. This is an awesome platform with massive potential but we need to keep it understandable for everyone!
I have no idea how the power up / down / steam dollar stuff works and ive read everything I can about it. I dont get it. What is the point of powering up or down and why do we want or need to do this? Also what are steam dollars used for?
Do we lose access to our STEEM when we power up or down for a certain amount of time?
If you want to transfer and/or sell your STEEM you must power down. If you want to vote and/or allocate rewards to posters then you should power up.
Powering Up is instant, but Powering Down is a gradual process spread over 104 weeks. Only Power Up if you want to stay awhile and participate.