Here is an ongoing test that I am starting tonight showing the impact of STEEM Power interest while Powering Down.
This was before I started the "Power Down".
This was 5 minutes after.
And after 1 hour and 15 minutes after I have earned .250 SP
Conclusion
So for now it's obvious that if you Power Down you still earn STEEM Power interest, and I'm curious to see what happens after a week when I receive the first "weekly" payout.
But I will stop it before I get to 700 SP, because this is just a test and I am wanting to grow my STEEM Power..
Clicking the power down button only sets a flag in the steem database. It doesn't change any of your balances, nor the effects (i.e. what you call "interest").
Good test! I have been curious about that as well. During power down, I'm wondering if .. let's say steem doubles in value.. does it give you twice the amount of steem if it doubled that week? Where is the cutoff or is it scaled? Or is it completely independent of all of that and it's just an even converstion to steem cut into 104 week payouts?
These are all things I hope to find out during this test which will probably be 5 weeks.
Thanks for running the test. I'd like to follow and watch. One thing that's awkward is how fast the millionaire devs on here are powering down their Steem Power and transferring Steem to other accounts or exchanges. Honestly that could be a decent portion of the selling pressure that has driven price down. I very much believe in this system and I think it's their way of trying to minimize the whale effect overtime as whales probably aren't good for long term viability, but time will tell.
whales are powering down, it does put downward pressure on the price. However, this is a onetime thing as once it is old, the STEEM gets distributed more to people with a much higher cost basis and thus less likely to sell at low prices.
Worst case, we have 2 years of artificially low price and then when the whale supply is gone,that is really when the STEEM price can reach full potential
Well even at the end of the two years, anyone that has been powering down will still have steem power since the amount gained outpaces the draw down amount in one week.
Redistribution is definitely a plus since the system succeeds on mass adoption. I trust the developers which is why I power up everything I get. I also believe we are near or at a floor on price. As I understand it, a rebound in price would help because the same redistributed inflation would count for more in value. If it tripple from here my upvotes will be worth 6 instead of 2 cents...though my 2 cents does have a nice ring to it. Thank you for responding and I like reading about your progress on Supernet.
@blakemiles84: my understanding is that if you do just a single powerdown in 104 weeks, you have no steem power left. I explain how it works: https://steemit.com/steemit/@jl777/how-to-have-your-cake-and-eat-it-to-or-how-you-can-have-your-sp-increase-even-while-you-are-powering-down
Very interesting; thank you for sharing!!
Thanks for sharing man @stealthtrader
I am reading each and every article. I was free on weekend so I thought it would be best to invest my time. So I started using it. And I have also posted about today too that I will read most of the work that people share and share my views. So Please unflag me.
Other's please downvote funnyman. He's spamming comments like this all over the place.
No!! What??
Sorry funnyman..maybe you don't know. Replies need to have content. Saying "good post" or whatever on tons of posts just to fish for rewards must be downvoted. You get paid to add value. Those posts will get downvoted. Maybe you didn't know the rules.
Ok, I didn't know about that. I have just created my account yesterday. So please can you edit your content as you have a lot of followers, if anyone see it i will get downvoted. Please