Post
Topic
Board Altcoin Discussion
Re: I got $390 on steemit, how long till withdraw?
by
generalizethis
on 21/07/2016, 07:15:09 UTC
I posted a few hours ago and got $390, how long until I can withdraw?

Cheers.

If less than 100 SP total, then I don't think you can ever withdraw the other 50%.

Can anyone correct me? At what level of total STEEM balance can power down start?

The token system is a little convoluted.

I get leveraging your coins for a bigger future payout by powering them up.

I get cashing them out.

I don't get why I'm exchanging them for other steem brand coins to do these things? Seems there should be a more elegant way to do the same thing without burdening the user with excessive "what should I do? What is this? How do I do that?"

They can't allow you to power down with your free signup 10 STEEM POWER tokens, else you could go buy Facebook accounts for $1 and make ~$39 profit. This is also why you can't be allowed to send SP tokens to another user, because then the attacker could combine free signup balances to meet the minimum threshold to start powering down.

Got it--probably should repackage it so it's more noob friendly