When you buy Steem Power, is the power permanent or temporary? Can I convert it back to BTC and cash out? Can I attain Steem Power without spending money?
RE: STEEM blockchain report "Battle of the steemit whales" by Craig Grant - August 10, 2016
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STEEM blockchain report "Battle of the steemit whales" by Craig Grant - August 10, 2016
Right now you have earned 9 cents on this comment, 50% of that 9 cents goes into your steem power, yes you can cash out 1% of your steem power per week
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The power can be 'powered down' to steem at a rate of 1/104th every week. you can stop powering down after a week if all you want is 1/104th. But its basically guaranteed that they have it for a while which is why its so powerful, can't trade it instantly. Its holding long-term stocks in the network.
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