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RE: steem coin is overpriced

in #dao8 years ago

okey, i read it whitepaper...

and im still not sure i understood right..
so for example im bought sume steem for 1 bitcoin, which is now something about 1100 steem,
im powering up to steemit and then im going to have 1100 steam power and im not going be able withdrawn them to steem for 2years, yes ?
but what about that new steem power which i will earn/mine in steemit? they will be locked for 2years also ?
or this new created steem power will be available to withdraw ? in what terms ?

sorry, if thats question repeats.. but couldnt find anything where easily explained

#steemhelp #steem #steemit

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once you power down you get 104 equal payment until you are out completely. Miners are also paid in SP so this way, we make sure they have a stake in the game.

but when is power down? after 2years ?

No, otherwise it woild take 4 years to liquidate everything.

I suggest you get on #slack with ua for a discussion in the #price channel. :-)

Ok, but then when i cant expect to my power down after when i deposit steem ? and starting earning ?

and how others getting paid ? like in that https://steemit.com/steem/@arhag/post-payout-snapshot-for-june-2-2016
this project is new.. so when they got theirs power down ?