Thanks for the explanation. It seems that pre-HF20 the voting power implementation had some issues where it doesn't elegantly handle powering up/down. Do you think the HF20 changes fully fix these issues and any gaming of powering up/down to extract extra voting power from a unit of STEEM Power?
If you have 13,000 steem power and you initiate a power down (13 weeks), 1,000 steem power worth of votable shares will be removed from your manabar.
Are you saying that VESTS stop contributing to one's manabar one week before they get converted to STEEM? Therefore by powering down some voting power is lost compared to if those VESTS had never been converted to STEEM?
If you then power up 100,000 steem power, you would gain rshares equivalent to 100,00 steem power.
Thanks for the explanation. It seems that pre-HF20 the voting power implementation had some issues where it doesn't elegantly handle powering up/down. Do you think the HF20 changes fully fix these issues and any gaming of powering up/down to extract extra voting power from a unit of STEEM Power?
I believe it does.
Are you saying that VESTS stop contributing to one's manabar one week before they get converted to STEEM? Therefore by powering down some voting power is lost compared to if those VESTS had never been converted to STEEM?
Yes, Steem needs to be at 100% power before powered down (as steem/steem power now has power level instead of voting power), so HF20 will remove whatever is being powered down in the next week so it can charge to 100%. It does this regardless of power.
The way it is explained on GitHub is:
"The result of this decision is that when you power up STEEM, you instantly have access to it at 100% power, but the STEEM must be powered back up to 100% before it becomes liquid. To do this, the week before STEEM is powered down from Steem Power to liquid STEEM, it is not used for voting. This gives the STEEM seven days to regenerate its power."
This gives the STEEM seven days to regenerate its power
Got it. Since voting power regenerates at a linear rate of 20% per day, even completely tapped Power will be 100% regenerated in 5 days (less than 7). Hence by powering down, your Steem Power is bound to loose at least 2 days worth of voting influence.
Yes, but you gain it if you power up (or get delegation).
Delegation is something I didn't mention but the same thing. If someone delegates you 100,000 SP and you are low on VP, you will get the full voting power of that new delegation and it will not be crippled by your current voting power. When you lose it though, you lose that power as well.
Thanks, behind every new update there's a new complex mechanism. What about vp/mana usage rate and regen? Still the same - 2% for each 100-weight vote and ~20% regan per day?
Thanks for educating. There certainly are a lot of new words and terms to understand. I use the Upvote as “Like” or I “completed” my task. To us, it’s just about socializing and the rewards come with it. I think we’d go crazy if we had to figure out timing at this point.
Was wondering what all the hype was about and now I know. Thanks for explaining it. From what I read I think it will be a good thing. I suppose time will tell.
Liquid Steem is always powered up 100%, so when you power up, it immediately gives you 100% credit for the rshares it would be worth.
Delegation, on the other hand, works differently. You can only delegate what is powered up to 100%. So if you have 10,000 SP, and 50% voting power, you can only delegate 5,000 SP.
Thanks for the explanation. It seems that pre-HF20 the voting power implementation had some issues where it doesn't elegantly handle powering up/down. Do you think the HF20 changes fully fix these issues and any gaming of powering up/down to extract extra voting power from a unit of STEEM Power?
Are you saying that VESTS stop contributing to one's manabar one week before they get converted to STEEM? Therefore by powering down some voting power is lost compared to if those VESTS had never been converted to STEEM?
Missing 0 in bolded number, I believe.
I believe it does.
Yes, Steem needs to be at 100% power before powered down (as steem/steem power now has power level instead of voting power), so HF20 will remove whatever is being powered down in the next week so it can charge to 100%. It does this regardless of power.
The way it is explained on GitHub is:
"The result of this decision is that when you power up STEEM, you instantly have access to it at 100% power, but the STEEM must be powered back up to 100% before it becomes liquid. To do this, the week before STEEM is powered down from Steem Power to liquid STEEM, it is not used for voting. This gives the STEEM seven days to regenerate its power."
Thanks, fixed.
Got it. Since voting power regenerates at a linear rate of 20% per day, even completely tapped Power will be 100% regenerated in 5 days (less than 7). Hence by powering down, your Steem Power is bound to loose at least 2 days worth of voting influence.
Yes, but you gain it if you power up (or get delegation).
Delegation is something I didn't mention but the same thing. If someone delegates you 100,000 SP and you are low on VP, you will get the full voting power of that new delegation and it will not be crippled by your current voting power. When you lose it though, you lose that power as well.
Thanks, behind every new update there's a new complex mechanism. What about vp/mana usage rate and regen? Still the same - 2% for each 100-weight vote and ~20% regan per day?
Yes. No change there.
Hm, this means I can't do Power Cycles as effectively as before, which is a bit of a shame for trading, but over all I think that I like it.
Good and clear write up!
So if I start a power down of all my SP, my vote will be worth 0.00 immediately?
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No. If you have 13,000 sp and do a full power down, 1,000 will be “locked” each week as each week you would power down 1/13th of your stake.
Thank you.
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blahhhhhhhhhhhhh. So now i have to dump even more money into steemit lol.
Thank you for the info.. I'm still a bit confused though with the "Mana" feature
Thanks for educating. There certainly are a lot of new words and terms to understand. I use the Upvote as “Like” or I “completed” my task. To us, it’s just about socializing and the rewards come with it. I think we’d go crazy if we had to figure out timing at this point.
Was wondering what all the hype was about and now I know. Thanks for explaining it. From what I read I think it will be a good thing. I suppose time will tell.
How does this work for delegated steempower?
Say someone delegates steempower to you, but your voting power is 50%. Does the delegated steempower hit at 50% or 100%?
Liquid Steem is always powered up 100%, so when you power up, it immediately gives you 100% credit for the rshares it would be worth.
Delegation, on the other hand, works differently. You can only delegate what is powered up to 100%. So if you have 10,000 SP, and 50% voting power, you can only delegate 5,000 SP.
That sounds legit
some really drastic changes in regards to powering up and staying powered up it seems, will be interesting to see the effect.