Hi Glen
I'm pretty sure witnesses are rewarded in Steem Power, and some are on permanent powerdown to free the SP up to pay bills.
I've been staking a number of the tribe tokens, but also buying and selling when I see a potential trade or a move down/up in prices. With the rewards paid out in liquid I do think there is sell pressure much of the time, but Steem at 50/50 SP/STEEM (ok a little SBD), there is also a lot of sell pressure here at present too.
Would this change if everything was offered in SP, I'm not sure at present.
Hey, @abh12345.
re: witnesses are rewarded in SP
Really? It's been a while, but I thought I read otherwise. You would know, though. :) Which makes less sense to me. I will edit that, then.
Do other chains do this? Pay their block producers in staked tokens?
All I know is, whatever factors are lending themselves to downward pressure on STEEM still exists, so if paying out in the token and not its staked version would make downward pressure worse, well, then, I guess we see where all these tokens are going.
And yet, I look at other blockchains and wonder if they have staked versions. Does Bitcoin, Litecoin, Ethereum, etc., do all that at all?
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Yes I'm quite sure it's 100% SP that is the payment for Witnesses.
This recent post looks like it fits in nicely with yours :D
https://steemit.com/scotbot/@holger80/scotbot-rewards-can-be-given-out-partly-staked
I wonder who will adopt a partially staked approach...
Sorry I don't know the answer to this, lukestokes should be able to help.
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Right now PAL, CCC and SONIC have shifted to 50%/50% payout (50% of the token reward wil be automatically staked)
Witness payment is 100% SP.
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Yeah. I just looked up some posts on the witnesses, and found the 100% SP, something I guess I should have done beforehand, and it probably would have taken some wind out of the post sails. :)
re: partly staked
Interesting. I'll have to read that.
I guess it was too good to last. Or the wisdom is in staked token payouts. :)
EDIT: Okay, so that post just came out. Talk about prescient. I'm glad I didn't wait any longer to post mine. :) Already trending toward obsolescence.
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:D
Yes you just beat the post, excellent and very topically timing - what more can you ask :)
In the comments I hear that PAL, CCC, and SONIC (who?) are already 50/50.
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