RE: Bluffer's Guide to Steem/Hive - Witnesses, Governance & Forks

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I'm still getting a handle on using Steem. If I have all of my Steem locked up as SP do I have to wait two years to unlock it and move over to Hive or what?

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It's a never ending learning experience hey!

It takes 13 weeks (at time of writing) to fully power down all your SP into liquid STEEM - so you'll get 13 equal amounts each week converted from SP to STEEM.

As for getting Hive tokens, there will be a "snapshot" in the next day or two of your current STEEM holdings and you will get the equivalent amount of Hive tokens on Hive when it launches at the weekend.

If you want to move the STEEM tokens over to Hive then you'll need to exchange them - @blocktrades just made a post saying they will create a STEEM/HIVE instant exchange if you have liquid STEEM you want to convert.

Hope that helps 😀

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Ok cool, that helps a lot. The snapshot includes Steem powered up as SP then? (Ie. I don't have to start a powerdown before the "snapshot" in order to migrate to be airdropped Hive tokens?)

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That's it, it includes it all, even pending post payouts, anything in savings and any conversions you have going on from SBD etc. The lot (that's what I've been lead to believe from when I asked in the Hive Discord a day or two ago). So you don't need to powerdown for the snapshot.

However, I think a lot will be powering down after the snapshot and then using their steem to buy Hive to get a stronger position over there...

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