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RE: STEEM POWER LASTS FOREVER (90% Interest Rate + 104 Week Power Down = Growth)
Actually guys, the 90% interest on steem power only serves to maintain the value. Posisbly there might be an adittionalrise in the value of steem, but the design is that steem rapidly loses value by about 50% a year. So, whereas yer, your Steem Power will rise exponentially without doing anything, it's value in $ will decrease slightly. (unless if there is a rise in the price of steem).
So if I have 100 steem power, and just leave it alone, it garners interest?
If you watch your steempower you will see it rise in real time.
This is because of a system which creates 9 steem power per unit of steem which is created, and this steem power is distributed pro rata over the steem power holders.
So you will see your Steem power rise from 100-101-102,... And it should rise by about 90% or 95% per year.
However, due to the constant debasing of steem, the system is as such, that your 190 or 195 steem power after one year will be worth slightly less than your 100 steem power now.
So where's the benefit in building steem power? Just for better rewards in posts and citations?
Yes, indeed. But is is to be said, the value of your steempower decreases by about 5% yearly IF YOU DO NOT DO ANYTHING.
SO if over the course of the year you manage to gain an adittional 5 SP through contributing, through voting,... You will remain at break even, if you make more, you will rise to have even more steem power.
If I understand directly, this debasing effect takes into account that the total pool of steem = a fixed amount of dollars. if the value of the total steem pool rises by 5% a year (because people are willing to pay more for it) than you will see the value of your steem power go up.
There are other posts which explain this much more clearly than I can on steemit...