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I'm new here and still struggling to understand. Please what are the advantages of either powering up or powering down. I just don't understand them.

If you powering up your vote counts more and you have more influence. If you powering down you loose that influence.... for example 2% of my vote gives you 34 cents, if you are new and don't have any steempower, 100% of your vote counts 2 cents.... got it?

So what would be the advantage of powering down? To me it sounds like there is none.Thank you for answering my question.

If you had invested a lot on the beginning of Steemit and you wanna cash out something, then you power down, but thats it....

So if you haven't invested anything or just starting out like me powering down would be a bad thing. Thank you for taking the time to answer my questions.

You only can power down if you have powered up before :)

Ok, so how and when should you power up?

When you can afford to buy Steem :) Just buy them send it to your account and power them up! Like this you have more influence and getting more followers and votes :)

Buy them through PayPal? And howvdo you send them to your account?

Yeah I am worried about the Rewards Pool too, and no official statement yet.....

Noob question but where do official statements get released?