In the second paragraph, I should have written Steem instead of STEEM, that was a confusion from my part. But even if you hold your investment as Steem Power, you will still never profit passively from

You don't really need to invest into Steem to use the platform, though. You can read, post and comment with just the free STEEM you get for signing up. Moreover, the main source of potential profit is

Why would exports grow? And who would be the buyers? If the UK does not accept freedom of movement, it won't have access to the single market. Exports of goods are more likely to decline as a result. UK

When your account was created, it had some STEEM in it (5 if I recall correctly). That was the creation fee. So that means you need to have 50 before you can power down.

I don't know, but why did you tag this #brexit?

It works, but shouldn't blockquote be able to contain multiple p? I'd like to be able to quote excerpts from other websites without having to modify the HTML.

If there is only a soft fork and it is not modified or removed later, your ether will be stuck in the DAO forever. That's worth considering.

@officialbitcash: sorry, it seems we reached maximal comment depth, so I can't reply to your comment directly. I am not so convinced that advertisers will be interested in Steem. Obvious ad posts will

Congratulations! You entered the mining queue because you found a PoW! You are currently in 18th position. Don't stop the miner, or you won't get your reward when it's your turn! You can't find another

So you expect Steem to generate gains mostly through market cap growth. Fair enough. But is there anything that ties market cap and value creation on the platform, aside from speculation? Would you compare

I am not convinced about the ability of SMD to track USD and give 10% real interest: would you sell me 100 SMD for 100 USD, if they were going to be worth 110 USD in a year? Where is the interest coming

I think it is bound to happen sooner or later. The userbase can only grow so much.

The effects you are concerned about here do not apply until the system reaches "peak value". Or a plateau. if I have $100 of Steem Power, then I must contribute $10 worth of value per year. Exactly,

You might be somewhat limited by the depth of the market though. I am not sure how much DAO is actually being sold below their ETH value.

After checking the whitepaper, I am not convinced it is worth it... First, in each round of block generation, 20 out of 21 witnesses are selected by DPOS like in Bitshares, and only 1 is selected by POW.

Looking at Kraken, it seems that DAO tokens are trading at a discount, compared to their issuance price (100 DAO/ETH, 0.01 ETH per DAO). Are people having second thoughts already? And if so, why don't

If it's what I am thinking, the interface really does not help, though. It could be more explicit or do checks.

Don't you need some quotes there? witness = "your-steem-account-name" Otherwise I get a parsing error (on the Linux version at least).

Nice. So you don't need people to elect you like in Bitshares to be able to mine?

That makes sense, I did not think of that. Thanks!