...How is it, that you are the only one who commented? and how is it that I got no wave of support from Steemians on that link? this...makes me unhappy #comics
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...How is it, that you are the only one who commented? and how is it that I got no wave of support from Steemians on that link? this...makes me unhappy #comics
im sorry :( i do what i can but i think steemit isn't populated by givers, but by takers
did you hear about steemit inc powering down 34 million steem powers? btw?
I didn't hear about that...I also don't really know what that means, I heard the was some kindof thing going on with a Korean exchange opening and that affecting the trade value...feel free to enlighten me #comics
i can give you links to things to read~
https://steemit.com/steem/@therealwolf/dear-ned
https://steemit.com/open-letter/@timcliff/open-letter-to-ned-steemit
https://steemit.com/stopthepowerdown/@aggroed/deescalating-and-working-towards-a-mutually-beneficial-solution
https://steemit.com/steem/@drakos/my-statement-concerning-the-potential-steemit-inc-accounts-freeze
https://steemit.com/stopthepowerdown/@ausbitbank/steemit-inc-please-stop-your-powerdown
https://steemit.com/steem/@jesta/the-recent-controversy-between-steemit-inc-and-the-community-the-premine-control-and-where-it-leads-this-blockchain
That's a lot of links...could you give me the jist of it?
some people were talking quietly about freezing steemit inc's assets. steemit inc heard of it and started the process of powering down 34 millions steem powers. now a lot of people are begging for steemit inc to cancel the power down.
what's next? i onno either :D
so what does powering down steem powers mean?
.......
you know how upvotes generates value right? the more steem power an account have, the more value their upvotes give
so, steem powers are resources LOCKED inside the ecosystem
to power down, it takes 13 weeks to convert steem power back into STEEM
then from STEEM, you can convert it through to real world cash
Powering down means making the asset in a liquid position.
Powering UP means making the asset in a fixed position (within the ecosystem).