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RE: Why I trust Steemit and recommend it to all my real friends IRL
What does "PLUS anyone on Steemit has at least a two year commitment to stay involved." mean?
Do I have a 2 year commitment or longer?
Or did it refer to developers only?
It used to take 2 years to power down all your steem power, but that has been changed to 3 months.
Thank you for explaining his intention, but why is it a commitment to stay invloved?
What prevents me from powering down and just draw out my Steem without being involved during the power down duration?
i guess its a generalisation, I have made friends here that i dont have any other way to connect with, thats something that might keep is tethered even after we power down
thanks for letting us know @stephen.king989 ... three months is still good, like freezing a credit card in a big block of ice
i may have misunderstood the rules but when i came in a year ago i thought 50% (ish) of your earnings can't be withdrawn fro 24 months or so... looking at some peoples wallets it seems they have withdrawn all, but i dont mind either way anyway, if we didnt have anything held here we might just drift off, many do, when they do not make as much as they hope
I initially was 2years. It was changed early this year (I believe). You can power down now every week for 13 weeks. Or you can power down for any amount of time (1 week, 2 weeks, etc., up to 13 weeks) and stop anytime.
You mean I can redeem all of my Steem power as Steem in just 1 week? If so, Why would anyone choose to do it slower, since power up is immediate?
There is no justification for this process being slowed down by design.
No, you do not redeem all SteemPower in 1 week. It takes 13 weeks to get it all. However, you can elect to get Steem from SteemPower (which you can convert to $dollars or Bitcoin or whatever) every week (1 week is 1/13th of your SteemPower). You can elect to stop anytime.
Do curation rewards received during a powering down duration get redeemed as well, or is there a need to wait for another power-down in order to redeem them?
see, you've lost me, may as well be speaking another language... i cant follow so i guess im stuck in steemit forever
thanks for that clarification too @celcius100