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RE: Debate: There is no incentive for NOT powering down
Though still not well educated enough, and may wait until Steem's next wave up until it's past its first high.
I think this has a degree of inevitability if the user growth rates and content production continues.
Though, do you know - are weekly power down payouts at the official rate you'd get on an external market, or the higher rate of the internal market?
@spiz0r here dropped a truth bomb that I didn't even consider --
You are powering down M Vests and receive STEEM. When you powering up you pay STEEM for M Vests. The M Vests per STEEM ratio is going up really fast. Now 1 M Vests= 272.9 STEEM, a day ago it was 269 STEEM.
That changes my calculus a good deal. Need to to look at some models of those rates now.
yeah, SP incentives make it about 300apy right now, more like 90apy generally (now is higher becaue its the first year)... assuming the price remains steady thats a great deal. then again, a guy who powered up a bunch at $4/steem might not feel the same way.
ALso, its important to realize that powerdown doesnt take as long as you think because of the increased conversion rate.
For example, if you have 10000SP in your balance right now and you start a power down, it would probably take you somewhere around 8 months toa year get your 10K SP (the remaining year or more would be the effect of SP incentives)