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RE: What Direction Is Steemit Going?

in #steemit • 7 years ago

I believe you have misunderstood some of the dynamics of how steemit works.

Powering down and cashing out is completely separate from the rewards pool. Powering down and cashing out could cause the price of STEEM to drop, if the supply is much bigger than the demand. That will cause STEEM price to drop.

But I don't believe that is directly linked to behavior of the reward pool.

7 years ago in #steemit by
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     7 years ago 

    It does in fact drain the rewards pool. Just che4ck out the rewards pool currently, and yes it does also cause STEEM to drop.

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