strict NO POWERDOWN POLICY on Steemit. Our goal is to support (upvote) publications of those people, who are growing their own voting power (SP) and using only part of their liquid rewards to cover life expenses.
So, what are the exact rules? How much can somebody power down, without hurting the policy?
The way i understand it you you are supposed to set the rewards to 50/50 and then you can sell the STEEM and need keep the VEST.
Not that there will be much left if you follow all the rules:
50% goes to the curators.
25% (half of what is left) goes to the @project.hope
12.5 % (half of what is left) will be payed out in VEST.
12.5% is the share you can sell.
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I only wanted to mention that having liquid assets is a huge advantage if market conditions change quickly. (And crypto markets are changing fast all the time.) For example, if a crypto surges from $0.8 to $3.2 in days and you can't sell because you staked it all, may be a disadvantage.
(Not really my problem, I have a part of my cryptos in exchanges.)
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I understand that @deathcross
However, from my point of view supporting people who would sell all rewards instead of growing their HP is absolutely pointless. I've done it for first over 1 year of existance of Project.hope. And after a year, hardly anyone within PH would grow their voting power.
In my eyes, my efforts were going nowhere. Not only as a community we didn't grow, but also all earned tokens were dumped - creating more selling pressure and decreasing value of my STEEM holdings.
Hopefully you can see it from my angle,
Cheers, Piotr
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(Another side effect: I better leave my 2,000 Steem on Binance for the case the price skyrockets suddenly. Anyway, I have 3,000 on Steemit.
But that is the way of thinking of an investor, not of a blogger or blockchain-enthusiast.)
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I understand you now.
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