This post is actually a question for the community. I'm a Steemit noob and I'm still feeling my way around this new platform. I must say that I really like what I see so far. However, I need some clarification on some things. I've read that a person's Steem Power receives interest. I've seen the 10 percent interest number mentioned several times. However, if this is true, does this interest compound and how frequently does it compound? Is it a projected Annual Percentage Rate (APR) or Annual Percentage Yield (APY)? Or am I too stuck in conventional financial thinking?
If we could have a meaningful discussion of this topic in the comments, I would greatly appreciate it.
