Very well explained @ana-maria. Have a question ..Do we get interest on the steem power as you mentioned.. didn't know that.
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Very well explained @ana-maria. Have a question ..Do we get interest on the steem power as you mentioned.. didn't know that.
Yes, we do! - I'll make a post about it soon with more details, so stay tuned! 😉
I am also interested in that. I researched that topic and I didn#t find anything or controversial opinions. The only number I heard is 10% per year but apparently that is incorrect as far as I know.
I also heard many controversial opinions or even claims, but I also found this old Steem Power Interest Calculator on which I based my article a lot, plus some of my own calculations.
Now, I'm rechecking it all over again, so maybe my follow-up article would have to wait for another one day more.
I really hope you are right but somehow that would be crazy because quickly there would be higher numbers than there are stars in the universe with this kind of growth and I doubt that any investor would agree to put money into a scheme like that. So for the sake of a healthy Steemit I hope it is wrong and for the sake of my bank account I hope it is right. Anyhow, I am still watching my Steem Power. Tonight at midnight CST I will know the answer from my own observation. Here is a screenshot from last night for later proof:
I am afraid and releaved at once: the calculation is wrong but there was some daily interest. I leave the math to others for now.
Yes, you are right the interest is not 0.6% and accordingly the whole calculation is wrong.
I laughed a lot when I read...
... as I was thinking the same. 🙂