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RE: Thinking Bigger - Why the Low Price of Steem is a Good Thing

in #steem8 years ago (edited)

That's not true.
When you power down you still get the exact same amount of SP interest than someone who is powered up. You even get a lot more than what the actual power down gives you every week hence you have infinite money, hence infinite ressources to kill the price which is why the price is on a continuous downtrend and won't reverse until something is done to this flawed system.
If today I decide to get out of steem completey and withdraw all my money IT IS IMPOSSIBLE. My steem power balance will always build up even if i cash out every week.

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I never said the interest rate changes depending on whether you are powering down or not. The power down rate is faster than the interest though. After that, you also have to consider the loss of value due to inflation. If I just sat here collecting weekly power-down payments without earning anything to replenish my balance with, things would start to get pretty uncomfortable after a while. My point was that you have to power up a lot first in order to get to the level where power down payments are even significant.
Getting out of steem completely isn't impossible at all. I know people that did it just by selling the keys to their accounts. Easy enough.