Thanks for sharing that link @cryptotem. The post and comments on it give in-depth detail about how steemit works in terms of steem power. It looks like there is no compound interest but we also can not rule the fact out that SP accumulates interest. It is clearly mentioned in FAQ. Instead of compound it might be simple interest.
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That is true. Since the article is quite old I am not sure of its validity today and hoped someone is here to clarify and really did in-depth research :-)
The funny thing is that you can't really get anyone to clarify it openly and in depth.
After I've made some more research and came up with new findings (unfortunately not so bright) which I explained in my Follow Up Post, I can't get rid of the feeling that some mysterious veil is still covering what's really going on.
Great follow up post :-)
Thank you very much, @cryptotem! Appreciated a lot! 🙂
https://steemit.com/steemit/@mittalpatel/no-just-holding-steem-power-won-t-make-you-millionaire-so-easily-2017725t22436458z
Here is my response article for this post. Thanks for pointing to that link. I have included it in my article with due credit to you.