RE: With STEEM Prices So Low Right Now I Couldn't Resist Buying a Little More of That Sweet Sweet STEEM POWER

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With STEEM Prices So Low Right Now I Couldn't Resist Buying a Little More of That Sweet Sweet STEEM POWER

in steem •  8 years ago 

is there any other reason to have SP now, besides the fact that it makes your upvote worth more?

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8 years ago by

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      ·  8 years ago (edited)

    Well for me its a bit of a speculative investment that inflates at 9.5% while powered up, makes my votes worth more (including votes for myself) and hopefully will be worth more than the $0.13 per STEEM that I paid today in a year or more.

    Edit: Increased curation rewards! Can't believe I forgot that one.

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        ·  8 years ago 

      Ah okay, i see where you going :) I used to enjoy the massive interest they offered.

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          ·  8 years ago (edited)

        I dont want to destroy your Convictions...
        But actually the inflation rate of vested Steem (Steem Power) is NOT 9.5% !
        9.5% is the total APR of ALL Steem.
        75% of this goes to authors !
        another 10% of this new steem goes to witnesses.
        The last 15% from this 9.5% inflation finally goes to Steem power Holders.
        what does this mean...
        You only get 15% of 9.5% APR for your Steem Power Holdings.
        which is
        0.095 x 15 = 1,425 %
        This is the actual inflation you are earning with Holding Steem Power.
        i hope you don't regret your decision to power up.

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            ·  8 years ago 

          Hmm from what I understood there was another layer of inflation for the vested steem to protect it against the dilution you mentioned above. Maybe that was under the old system?

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              ·  8 years ago 

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                ·  8 years ago 

              "15% of inflation is allocated to Steem Power"

              Well there it is #8 on the list. Thanks for the heads up. Knowing this I might have kept the $6 in reward SBD at the 3% APR.

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