Viewing a response to: @stealthtrader/re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t060339074z
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.
| author | albensilverberg |
|---|---|
| permlink | re-stealthtrader-re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t061000146z |
| category | steempower |
| json_metadata | {"tags":["steempower"]} |
| created | 2016-08-20 06:10:00 |
| last_update | 2016-08-20 06:10:00 |
| depth | 3 |
| children | 4 |
| last_payout | 2016-09-20 07:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
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| author_reputation | 5,594,128,649,710 |
| root_title | "Power Down STEEM Power interest test" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 901,651 |
| net_rshares | 0 |
whales are powering down, it does put downward pressure on the price. However, this is a onetime thing as once it is old, the STEEM gets distributed more to people with a much higher cost basis and thus less likely to sell at low prices. Worst case, we have 2 years of artificially low price and then when the whale supply is gone,that is really when the STEEM price can reach full potential
| author | jl777 |
|---|---|
| permlink | re-albensilverberg-re-stealthtrader-re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t073132149z |
| category | steempower |
| json_metadata | {"tags":["steempower"]} |
| created | 2016-08-20 07:31:30 |
| last_update | 2016-08-20 07:31:30 |
| depth | 4 |
| children | 2 |
| last_payout | 2016-09-20 07:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.016 HBD |
| curator_payout_value | 0.004 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 392 |
| author_reputation | 14,988,697,980,664 |
| root_title | "Power Down STEEM Power interest test" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 902,299 |
| net_rshares | 40,446,352,458 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| albensilverberg | 0 | 40,446,352,458 | 100% |
Redistribution is definitely a plus since the system succeeds on mass adoption. I trust the developers which is why I power up everything I get. I also believe we are near or at a floor on price. As I understand it, a rebound in price would help because the same redistributed inflation would count for more in value. If it tripple from here my upvotes will be worth 6 instead of 2 cents...though my 2 cents does have a nice ring to it. Thank you for responding and I like reading about your progress on Supernet.
| author | albensilverberg |
|---|---|
| permlink | re-jl777-re-albensilverberg-re-stealthtrader-re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t145650719z |
| category | steempower |
| json_metadata | {"tags":["steempower"]} |
| created | 2016-08-20 14:56:54 |
| last_update | 2016-08-20 14:57:39 |
| depth | 5 |
| children | 0 |
| last_payout | 2016-09-20 07:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 518 |
| author_reputation | 5,594,128,649,710 |
| root_title | "Power Down STEEM Power interest test" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 906,344 |
| net_rshares | 0 |
Well even at the end of the two years, anyone that has been powering down will still have steem power since the amount gained outpaces the draw down amount in one week.
| author | blakemiles84 |
|---|---|
| permlink | re-jl777-re-albensilverberg-re-stealthtrader-re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t080803293z |
| category | steempower |
| json_metadata | {"tags":["steempower"]} |
| created | 2016-08-20 08:08:09 |
| last_update | 2016-08-20 08:08:09 |
| depth | 5 |
| children | 0 |
| last_payout | 2016-09-20 07:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.016 HBD |
| curator_payout_value | 0.004 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 168 |
| author_reputation | 51,861,865,663,185 |
| root_title | "Power Down STEEM Power interest test" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 902,598 |
| net_rshares | 40,446,352,458 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| albensilverberg | 0 | 40,446,352,458 | 100% |
@blakemiles84: my understanding is that if you do just a single powerdown in 104 weeks, you have no steem power left. I explain how it works: https://steemit.com/steemit/@jl777/how-to-have-your-cake-and-eat-it-to-or-how-you-can-have-your-sp-increase-even-while-you-are-powering-down
| author | jl777 |
|---|---|
| permlink | re-albensilverberg-re-stealthtrader-re-albensilverberg-re-stealthtrader-power-down-steem-power-interest-test-20160820t150100932z |
| category | steempower |
| json_metadata | {"tags":["steempower"],"users":["blakemiles84"],"links":["https://steemit.com/steemit/@jl777/how-to-have-your-cake-and-eat-it-to-or-how-you-can-have-your-sp-increase-even-while-you-are-powering-down"]} |
| created | 2016-08-20 15:01:00 |
| last_update | 2016-08-20 15:01:00 |
| depth | 4 |
| children | 0 |
| last_payout | 2016-09-20 07:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 282 |
| author_reputation | 14,988,697,980,664 |
| root_title | "Power Down STEEM Power interest test" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 906,395 |
| net_rshares | 0 |
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