You are viewing a single comment's thread from:

RE: Boost Steem Value by Backing Steem Dollar

in #steemit8 years ago (edited)

That's why smooth and most of the whales have done just that and their steem power is higher than 2 months ago. Just do the math, divide your SP balance by 104, then see how much steem power you earn in one hour multiply by 24 then again multiply by 7 and you will end up with a number higher than the first number you got by dividing your balance by 104 which means you earn more steem power every week than what the actual power down gives you, so your balance is growing regardless.

Sort:  

It's an illusion.
You need to DO SOMETHING to earn more underlining VESTS. If you're doing nothing and you're powering down, your VESTS will be converted to STEEM linearly every week. Which means you'll get more STEEM every week than last week for same amount of VESTS converted. After 104 weeks your VESTS will become zero, thus be out completely.
Check this link: https://steemdb.com/@smooth