You are viewing a single comment's thread from:

RE: Debate: There is no incentive for NOT powering down

in #steemit8 years ago (edited)

nevitably, the price of Steem likely will rise, hence the value of keeping locked in - and earning a cut of the new Steem created while holding on.

assumes facts not in evidence.

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?

the powerdown payouts are in steem, not SBD.

Sort:  

Yes - though the STEEM that's paid out weekly - do you know if that's at the "official" rate on the external markets like Poloniex/Bittrex, or the going rate on the internal market (which may be average 10% higher)?

I don't get what you mean... the steem is paid out in steem... there's no "rate" to it... maybe im just not getting what youre saying.

So like if you power down, say your balance is 104000 steem. The first week, you get 1000 steem, it has nothing to do with a rate because there's no kind of exchange to it.

Like the internal market is just the conversion of steem$, not steem. When you power down, steem$ never come into play. You have steem as SP and you convert it to "liquid steem"

Ah ok, yes of course. I got it now.

So if were to power down, would end up better selling Steem (if choosing to do so) on the internal market as the rate is higher...

All cleared up. Thanks.

Coin Marketplace

STEEM 0.16
TRX 0.15
JST 0.029
BTC 58127.19
ETH 2452.98
USDT 1.00
SBD 2.36