Tonight I just found out what is Vests.
Previously I was very curious when opening steemd.com Vests there writing there. Apparently Vests are Steem Power.
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Tonight I just found out what is Vests.
Previously I was very curious when opening steemd.com Vests there writing there. Apparently Vests are Steem Power.
Vests are not STEEM Power, vests are how many shares in the STEEM platform you own. STEEM Power is just a human-friendly number to show you how much STEEM your vests are worth. It's not a currency, it isn't anything but a nice way of displaying how much vests you own.
Oh, my God
means I misunderstood
And you are saying that number of steem in your wallet will increase over time if you do nothing but let it sit in "vest"?
Would not that also require the price of steem to rise just like it did before? Will the amount of vest you own only increase if you earn or buy more?
Honestly if you just held just steem without powering up its the same thing isn't it? Then you do not have to wait 14 weeks to cash out while it is going up and down. As well the 14 weeks "power down" has changed before so it could change again?
Holding liquid STEEM and powering up would not be the same thing. Buying VESTS (aka powering up) will yield more STEEM when you start to power down at a future date. Holding liquid STEEM will always remain the same amount they just may be worth more or less on the market.
I doubt the powering down duration will change again.