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RE: How Steem Money Works and Becomes Cash! Short, Easy Explanation
This is perhaps the best and most easy way to understand all of this . One things I dont get is the amount of steem power in parentheses?? Can it be withdrawn or is kinda like a history of power?
You can withdraw your steem power at any time by powering down. It will be converted to steem tokens meaning the value of your steem power is whatever the value of steem is on the market at every interval you power down. The whole power down process if you choose to initiate it is 13 weeks. That means if you have 13 steem power every week it will be converted to 1 steem until the end of t. If you choose, you can stop the power down at any time.
You can learn more about it here
https://steemit.com/steemit/@cryptos/how-to-power-down-your-steem-power-the-smart-way