Power Down STEEM Power interest test by stealthtrader

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steempower · @stealthtrader · Aug 21 '16 (edited)

$0.59

Power Down STEEM Power interest test

<html>
<p>Here is an ongoing test that I am starting tonight showing the impact of STEEM Power interest while<em> Powering Down</em>.</p>
<p>https://i.imgsafe.org/7e8f918588.gif</p>
<blockquote>This was before I started the "Power Down".</blockquote>
<p>https://i.imgsafe.org/7e879b201d.gif</p>
<blockquote>This was 5 minutes after.</blockquote>
<p>https://i.imgsafe.org/7e889281fd.gif</p>
<blockquote>And after 1 hour and 15 minutes after I have earned .250 SP</blockquote>
<p><br></p>
<h2>Conclusion</h2>
<p>So for now it's obvious that if you<strong> Power Down </strong>you still earn STEEM Power interest, and I'm curious to see what happens after <em>a week</em> when I receive the first "weekly" payout.</p>
<p>But I will stop it before I get to 700 SP, because this is just a test and I am wanting to grow my STEEM Power..</p>
</html>

👍 blakemiles84, schro, thedashguy, sigmajin, albensilverberg, beowulfoflegend, chris-bell, kendewitt, jaycobbell, plasticfuzzy, stealthtrader, viktor.phuket, michaeldodridge, jphamer1, cryptobiker, michaellamden68, alcyon, leksimus, havok777, rare, gonzo, kdllac, kana, xntryk1, snowcrash, ezrathecat, funnyman

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@albensilverberg · Aug 20 '16

Good test!  I have been curious about that as well.  During power down, I'm wondering if .. let's say steem doubles in value.. does it give you twice the amount of steem if it doubled that week?  Where is the cutoff or is it scaled?  Or is it completely independent of all of that and it's just an even converstion to steem cut into 104 week payouts?

👍 stealthtrader, snowcrash

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@stealthtrader · Aug 20 '16

These are all things I hope to find out during this test which will probably be 5 weeks.

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@albensilverberg · Aug 20 '16

Thanks for running the test.  I'd like to follow and watch.  One thing that's awkward is how fast the millionaire devs on here are powering down their Steem Power and transferring Steem to other accounts or exchanges.  Honestly that could be a decent portion of the selling pressure that has driven price down.  I very much believe in this system and I think it's their way of trying to minimize the whale effect overtime as whales probably aren't good for long term viability, but time will tell.

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4 replies

@cyrano.witness · Aug 20 '16

$0.02

Clicking the power down button only sets a flag in the steem database. It doesn't change any of your balances, nor the effects (i.e. what you call "interest").

👍 albensilverberg

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@funnyman · Aug 20 '16

Thanks for sharing man @stealthtrader

👎 albensilverberg

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@albensilverberg · Aug 20 '16

Other's please downvote funnyman.  He's spamming comments like this all over the place.

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@funnyman · Aug 20 '16

No!! What??

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2 replies

@funnyman · Aug 20 '16

$0.08

I am reading each and every article. I was  free on weekend so I thought it would be best to invest my time. So I started using it. And I have also posted about today too that I will read most of the work that people share and share my views. So Please unflag  me.

👍 schro, stealthtrader

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@michaellamden68 · Aug 20 '16

Very interesting; thank you for sharing!!

👍 michaellamden68

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