Something everyone should know. This applies to BLURT because BLURT is a STEEM Fork, meaning it is an exact copy of STEEM from March 2020, but everything after that is independent from what happens on Steemit.

When I joined Steemit in 2016, it took 104 weeks, which is 2 years, to take your funds out. I am fully in support of that, but it is not a well understood position. Most people think STEEM or BLURT should be able to be withdrawn in 4 weeks.

So I want to explain this for everyone.

Anarcho-Capitalists took over Steemit, and I left. STEEM was topping at like $20 and sitting at like $5 when I left because the platform became useless. Dan and Ned are the Developers, then the Bitshares people were the Witnesses and early adopters. So when they all got Anarchy Fever, no one could get an upvote unless they were saying "Taxation is Theft", and being proud Anti-Statists who literally think anyone who believes in a State is wrong.

You may think "that's democracy" or Majority Rule or whatever, but that is not good business for a Social Media Blogging site trying to be a real universal platform.

Apparently these Anarchists voted for a 13 week STEEM Power Down, so people could withdraw all their money. I started my Power Down during the 104 week rule, and never came back, so I literally had no idea this happened. I spoke to someone today and they said "it was always 13 weeks on Steemit", so that means that most people don't even understand how this works.

So, everyone wants their money when they need it, but that is why Steemit had a 50/50 Payout in Liquid and STEEM Power. So half is saved, half is held.

And you are supposed to use this like a Bank.

STEEM Power has 4% interest. So it makes money like a Bank, actually better than most Banks. Plus, you get Curation and Author Rewards. So if you think of STEEM Power as Money held in your Bank account, you can actually live on the Interest and Rewards.

And the fact that it took 102 weeks to pull it out meant that people had to be in it for the long haul. People couldn't just pull all the STEEM being used for Curation and dump it.

If that isn't obviously clear, you can look at what happened when they changed to 4 week withdrawals. It is $0.15 now and everyone is gone.

This could be resolved if we all just started coming in, buying it up, and holding it ourselves. But you can see how the 4 weeks was not really a good move. And really 13 weeks was too quick.

But, in order to raise the prices of these currencies, we can collectively do this ourselves.