How long does a power down take??matherly (58)in #steemit • 8 years ago I thought it took 3 weeks? #powerdown #steem #steemdollars
Actually it's 13 weeks exactly.
No it's like 12 weeks, paid out weekly. Originally it was very, very long, like 2 years, 109 weeks. 3 weeks would be way to short, there has to be some balance to discourage constant power downs.
Great question; Was on my todo list to find out. Now we know :)
Is this still the case? So if I buy $5000 of steem, and lets say make money, I can power down and get my money out in 13 weeks?
This is for Steem Power, Steem Power gives you vote strength for instance.
Thank you asking this.