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How can steem be worth more when powered up? It’s the same token.

Or do you mean my votes and curation will be worth more?

I'm not sure exactly what he means, either. If the Steem is powered up, it can't be sold, and therefore has no price.

Today Steem is valued at ~$3.
The SBD is valued at ~10.

Do I need to explain more?

Peace.