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RE: Big whales are powering down. Should we be worried? Is this a pump and dump? A scam?
But you have the option to power down %1 per week of %100 of your holdings or %10 of your holdings or %50 of your holdings don't you? And I don't know you, but I don't need $20,000 in weekly bills to pay.
No, 1% a week applies to all accounts. I said $20000 assuming someone hard 2 million dollars worth of steem. If they have say 100,000 dollors they could only get 1,000 per week.
Yes, but if you have 2 million dollars of steem, you have the option to power down only 1 million dollar of it, keep 1 million in steem power and cash out only $10,000 per week don't you?
No 1% a week. It would take 104 weeks for anyone to collect their sp power. Its hard coded and applies to everyone whale to minnows.
Steem and steam dollars are lquid and can be sold at anytime. Steem Power is locked at 1% per week. I think thats where the confusion is.
Thats of course assuming the price is flat. If everyone powered down at once, only 1% of of all Steam Power would be availabe per week.
No. You can either start the process of "Powering Down" and as long that option is turned on, you will get 1% of your stake/week, and then you can "cancel powering down". There's no option to choose the size of the stake you want to Power down.
Oh, I didn't know that. Than it makes sense, no reason to panic.
I thought they would have the option to power down on less than that, etc...
Just because you dont need 20.000/week in bills to pay, doesn't mean other don't. Just saying... ;)
I know, I don't have servants like @dollarvigilante .