Wow very well written post and very motivational as well. I have found the post by a re-steem but i am really glad i found it. Now i do have to ask you one question and it's about the mathematical part of the blog. You mention about 0.100 Steem Power a day over the 4 years (1462 days) so that will bring a person to 146.20 Steem Power at the end so how this can worth so much money. I am new here (a little bit over one month) and i don't know all the technical parts and i will be very interested to know how you reach that number in usd. Thanks a lot and have a great day!
You are viewing a single comment's thread from:
The shortest answer to your question is if you keep your earnings in Steem Power and not withdrawing it during following 4 years, you earn 0.6% daily interest on the amount you keep in Steem Power.
That means, the amount I received (which shocked me too, BTW) is not the pure product of 0.100 x 1462 days = 146.20 Steem Power.
It's 0.100 SP daily + compound daily interest of 0.6% for the total amount kept in Steem Power.
Take a look at the above article again, under the "All the rest is pure mathematics!" paragraph and see Day 9 and Day 10 again. I explained that there, but it apparently slipped aside from your attention for some reason.
Never the less, I will explain that in more detail in my next article, as you are not the only one who was confused with that part. 🙂
So, stay tuned! 😉
Yes i did miss the part with the daily interest of 0.6% for the total amount keept in Steem Power. This is crazy honest to be... crazy in a good way don't get me wrong. As i told you i am new here and slowly slowly learning about all this "technical things". Well keep the blogs coming as i am following you!
I'll try to post ASAP although my real life obligations are squeezing my Steemit time heavily, lately.Thank you, @georgemales! - And yes, this is crazy good! 😁
You are welcome! Don't worry my real life obligations are doing the same thing when it comes to Steemit and spending time here... but looks like i always find some time to post! :)
LOL - Then you are better than me! 🙂