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RE: Everlasting STEEM Power; Why you should Power Up!
The reason you may not be able to re-steem this post is because it is too old.
I also must warn you that the parameters used to generate this post are out-dated. The STEEM block chain has had several hard forks since this post was written. One of those hard fork greatly reduced the inflation rate of the STEEM block chain. The current inflation rate of STEEM is vastly lower now. Like Bitcoin the inflation rate of STEEM is currently being adjusted as it reaches an upper limit to the total supply of STEEM.
If you start a power-down of your STEEM Power now, it will be paid out over 13 weeks. I have tested this and know it to be true.
Have a fantastic weekend!
Steem on,
Mike
Noob alert Mike! Sorry to ask but what does it mean? Should I start powering up? Should I start powering down?
Powering up is always a good idea for increasing your voting weight.
I have experimented with Powering Down to derive an income from SteemIt, skimming off the author and curation rewards earned each week. As well as Powering Down to diversify into other crypto-currencies.
SteemIt has been a gateway for me to learn and invest in other crypto-currencies.
Right now, I have stopped my Power Down and begun accumulating STEEM Power again. I am using the 50/50 payout to earn some STEEM Backed-Dollars to convert to STEEM Power via Blocktrades.
Last thought, increasing your STEEM Power has the effect of increasing your curation rewards. This is semi-passive income because all you have to do is up vote.
Have a great week!
Steem on,
Mike
Thank You Mike for this elaborate comment. Even I observed, after transferring whatever little I had in SBD into Steem after going through your post and all of a sudden my post visibility has increased considerably. Thanks for your time and upvote.