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RE: Steem: An In-Depth Overview!

in #steem7 years ago

Great overview, just a few corrections are needed:

50% of content rewards are paid in liquid Steem (Steem and SBD).

Powered-up Steem, not liquid Steem. Also, this is only the default setup and the user can alternatively decide to power up 100% of the payout or fully decline the payout.

Steem can be power up.

A typo, I guess you meant: Steem can be powered up.

Powering down will automatically withdraw 1/16th weekly of your Steem Power and convert them into Steem.

It's 1/13th, not 1/16th.

Withdrawing or Powering down 100% of your Steem Power takes 4 months.

It's roughly 3 months. Exactly 13 weeks.

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Thank you! I knew there would probably be some minor errors here and there. Thanks you for pointing them out. I corrected all of them besides the first one.

Aren't author rewards payed 50% liquid 50% non-liquid? I know curation reward are 100% SP so my statement isn't correct either way.

I think the default is 50% powered-up Steem (not liquid) and 50% Steem dollars (liquid).

Now I understand the misunderstanding. I meant to say 50% are Steem and SDB. I'll make this clearer. Thanks again!