I do not understand how can Steempower get more value over time.

in #steem7 years ago

So each day the system generate more and more Steempower and as I accumulate Steempower my vote become more and more powerful to generate money?

I also can earn more Steempower by just holding it like proof of stake in NEO, right? But how much Steempower I get by just holding it and do nothing else?

Steempower will be freezed for 2 years before I can cashout and it will worth more Steem. This mean 1 Steempower will worth more than 1 Steem in next 2 years or I will keep getting more of Steempower by just holding it but 1 Steempower still worth 1 Steem?

Sort:  

You do receive interest on your SP you are holding in your account, though I'm not exactly sure how much. Also the waiting period to power down was originally 2 years but now it is 13 weeks paid out weekly. 1 SP is worth 1 Steem always.

Congratulations @lalafell! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Support SteemitBoard's project! Vote for its witness and get one more award!

Congratulations @lalafell! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!