Hello Steemers,
My name is Mattie, I'm new to this forum. In a next post I will introduce myself further. First I would like to pose a question.
While trying to understand the concept of Steemit I stumbled upon some (to my understanding) conflicting explanations about powering down from STEEM Power.
In the F.A.Q. on this site it mentiones a 13 week cooldown on a payout in STEEM:
STEEM Power - STEEM Power (abbreviated SP) is a measurement of how much influence a user has in the Steem network. The more STEEM Power a user holds, the more they can influence the value of posts and comments. STEEM Power is less liquid. If a user wishes to “Power Down” SP, they will receive equal distributions of the STEEM weekly, over a 13 week period.
https://steemit.com/faq.html#What_is_the_difference_between_STEEM__STEEM_Power__and_Steem_Dollars
However, in places on this forum I found a different explanation, citing a 2 year period for a 'power down':
"How to Withdraw STEEM POWER
Withdrawing STEEM POWER from your steemit.com account requires you to initiate a process so called Power Down that starts converting your STEEM POWER to STEEM tokens that you can transfer to other users or withdraw and sell. When you initiate a Power Down your current STEEM POWER will start to get converted in 104 equal parts and each of these parts will be available to you in the form of STEEM.
The first portion of STEEM will be available in your Wallet after exactly one week, then in another week you will get the second part of the 104 and so on with the process taking up 2 years or 104 weeks to complete. At any time you are able to Cancel Power Down from your Wallet the same way you initiated it, but the advice is to stop it once you have been paid one of the 104 installments."
https://steemit.com/steemit/@cryptos/how-to-power-down-your-steem-power-the-smart-way
So, what is the story here, which period is it? Did the period change from 104 to 13 weeks? (And if so, how is that possible? Who decides?) Or did I miss something? I hope someone can explain.
Best regards,
Mattie