Post
Topic
Board Service Announcements (Altcoins)
Re: Steemit.com: Blogging is the new Mining
by
2Pac
on 19/02/2018, 14:47:40 UTC
So do you somehow make more steem the more steem you have? Is that how it works? Can someone please help me understand how this works?
That would be considered a Ponzi scheme Grin
Amount of steem doesn't impact how much you will earn. You can power up with that steem and get a higher voting power, but the downside is you won't be able to power down for another 2 years after powering up.

Not true though..

Powering down is only like 9 weeks. The 2 year power down was changed about 6 months ago.
Yes, that's true. Powered up steems can be powered down in just 13 weeks (~3 months), Every week you can power down your steem balance's 7.7% And if you keep voting others, you'll get more Steem "curation rewards"...