You are viewing a single comment's thread from:

RE: I Got Flagged Three Times Yesterday. Did You?

I wouldn't mind being a Dolphin. That starts at 5,000 SP. That's not a bad place to be. Although it would be fun to be a 45,000 SP Dolphin, because that's only 5k away from being an Orca! Ha ha.

You'll be getting close to Dolphin status if you double your SP. When that happens... Look out, world!

Poke away! I point out people's mistakes from time to time, so I should be able to take the correction as well. I wasn't thinking clearly.

I don't think it's the computational load they're worried about. It's the loads of new alt accounts that get created to farm for rewards. By having a dust threshold, those don't add up as much.

Yeah, the fluctuations are probably caused by other large accounts voting for things (themselves or otherwise) which lowers the amount that can be directed to you. It's all about percentage of the pool rewards. You don't actually have a specific amount that your vote is worth. It's just a rough estimation of the percentage of the reward pool that it's assigning. If larger accounts use their power to assign shares to others, then the share you assigned is proportionally smaller. It's rather convoluted.

It would be nice if they did a forum and asked people to submit ideas. Even if they didn't hear arguments on them right away, even if they didn't act on all of them, even if they didn't do anything with them... it would still be nice to be heard.

Sort:  

Supposedly, that's what they've done in the past. The last one I know of happened before they announced what would be HF 20 over a year ago. From there, I don't know if there's been any forums.

As it is, we're supposed to be able to rally the troops on our own, and if there's consensus among the Top 20 witnesses, we're supposed to be able to even change code, if someone knows how to do it. Which, I've got to believe someone knows how to do.

So, waiting around and waiting around isn't something we really have to do if we could get our collective act together.

Well, maybe it's a combination of the two, computational load and alt accounts, because I've seen both mentioned, and it seems like there were a few more reasons, too.

Well, however it works, I need a good explanation as to why it can't just be here's what I'm giving you in rewards. I would appreciate it if that happened even if the price of STEEM went down over the 7 day period. Maybe it's just going to take millions of people all upset and complaining at once before there's any change on the reward pool. Right now, it seems untouchable.

I guess I'll be closer if I double my SP, but it would be closer if I tripled it. :)

At any rate, that still seems a little far off. My SP has been increasing slower than molasses all of July. It's going to get a boost here when my part one of my business story pays out tonight. After that, it's back to dismal. :)

It seems like there should be something different, but I'm not an expert, so I can't really claim to have the answers as to how they should do it. I do know that if they made it so whatever your vote was became what the person got paid (even after curation), then the votes values would go way down. There is a lot of SP that doesn't vote in each day's cycle, so it's not factored in. If you made the values absolute, then their value would have to count (including Steemit's SP) and the result would be our votes would drop considerably.

I saw earlier that Dan was still hanging around (I think) using the name "god," of all things. Apparently no confusion as to how he sees himself. He had some quite large accounts that he was using to delegate and from what he said, he's going to burn the master passwords for that account, so his delegations will become permanent.

I think they were mostly delegated to charity accounts and those who are trying to help others, but it will be interesting to see if there's any fallout from that. Irrevocable delegation? Sounds nice to be on the receiving end of.

I suppose I should just give up and feel happy that anything, let alone the majority, goes to whoever I drop it on. I certainly don't have the answers, but I can see you know more about it than I do. I guess I'm glad that not everyone upvotes in a day. It's not going to look pretty then when things explode around here.

I just checked on dan and god and the latter isn't doing much yet. In the case of dan, he's still sitting on over 400,000 STEEM. I think between that and the quintuple dolphin amount he has powered up, he's barely a whale if he wanted to be.

The larger accounts delegated must be something else because neither of those were getting or receiving delegation.

I'm sure he finds the use as an account name very humorous, which doesn't exactly endear him to me. And since I was on the fence to begin with, I'm headed in the wrong direction. I'm sure EOS is going to turn out just fine, though. :)

Irrevocable delegation. It seems to be me that as long as an account is open, there's a way to get into, even through a backdoor if necessary. I'm not sure why anyone would want to do that, though. I'd need to know the person(s) pretty well before I would go and irrevocably delegate SP like that.

But then, it's not likely I will ever have so much SP that I can basically burn alt account passwords. :)

The account he was talking about is "dimimp." It was in his latest post from the god account. You can read the post here. https://steemit.com/@god/god-is-now-back-on-steem

You can also read his post on why he turned his back on Christianity here. I haven't read it yet, I just noticed the link on my second glance at the first post. So I have no comments on it at this time. https://steemit.com/philosophy/@dan/why-i-gave-up-christianity

Even if he was just protecting it from trolls, I think he should have just left it alone. Seems a bit sacrilegious to me. Although his brother is religious, so maybe he just likes messing with his brother's head. Or at least trying to.

Regarding knowledge about the system:

I got a lot of that from a commentversation I had with tcpolymath. He explained it well. I can't remember where he posted it, so you might just ask him if you're curious.

I think I've ran across enough posts about turning their backs on Christianity or religion in general, so I'll probably pass on that one. Anyone who might feel the need to actively mess with someone else's beliefs, regardless of what they are, is not a good person in my book.

I really don't go around questioning the nonbelief of atheists. I'm not sure why they need to go out of their way to bash. You don't like a post, downvote it. There's no need to get belligerent. It's not like we're going to break into a proof of the existence of God using the scientific method or whatever other acceptable standard there may be.

I'll try to get to the other post, though. It's always good to know what platform masterminds are doing.

I still haven't read it so I can't say that it's worth your time because I don't know. Unless you had a personal relationship with the guy, it probably wouldn't be meaningful.

Scientific method on Steemit?! Ha. There's only a 0.82% better chance of that happening on here than there is on facebook. And I did the math on that... which coincidentally was 50% of that 0.82%. So things aren't looking good. Ha ha. I cracked myself up.

It's always good to know what platform masterminds are doing.

They are the minds who are our masters on here, so the designation is fitting. There's a lot here that they control, or at least influence heavily and hold the keys to change.

So, I've had this short exchange with someone here about Bitcoin vs. STEEM. I was telling them that I thought STEEM was a more stable coin than say Bitcoin because the value didn't fluctuate nearly as much as Bitcoin did.

After that they sent a reply that included three paragraphs, starting with this one. I want to know what you think:

Bitcoin is much less volatile than every other altcoin (except for stable coins). Just because Bitcoin goes up and down by hundreds of dollars makes no difference. It's all about percentage. Steem going up by 10 cents is the same as Bitcoin going up by $500.

Now, in my head, that's not making any sense. As a business owner, I think I would be looking at the overall cost to produce something versus what I want to get for it, and if I were considering crypto, I'd rather something that went up or down within a $0.10-$0.40 range rather than something that did in at least a $100-$500 range.

Next, they added this:

Stable is relative, and I would argue that USD isn't stable because it's value goes down every year because the Federal Reserve gets to control all the inflation. However, businesses are willing to accept USDs "volatility" because they aren't going to go bankrupt from it.

I don't know how volatile you can consider the US dollar regardless of what the Fed is doing, and especially if the Fed is holding the value somehow.

What I don't get is after telling me how stable Bitcoin is, they tell me the dollar is less stable, and that stable is relative. Well, yeah, but Bitcoin going up or down $1,000 doesn't seem stable to me.

Last paragraph:

On the other hand if Steem gets pumped to $10 and a vendor accepts it they are going to go out of business because the price will fall back down and they won't have the money to pay for monthly expenses. Most companies operate off of razor thin profit margins. Stable coins pegged to the dollar are absolutely required in these early stages of crypto.

So, first of all, STEEM hasn't been up to $10, ever. I think it was $8 something in January when it took off. SBD has been to $14 or thereabouts. So to use the $10 argument is kind of iffy to begin with. However, if it did happen, yes the business owner could have an issue.

There is a greater likelihood though, based on cost amount and profit margin, that STEEM would not have as many issues as Bitcoin simply because the USD is not that big of a swing. If it's bouncing between $1 and $2, isn't that better than bouncing between $6000 and $7000?

It seems that you're both trying to talk about different things, but are using the same words for it. I think a better way to frame the discussion would be using the word "predictable."

Steem might fluctuate by $0.10, but it normally stays within that range. Yes, comparatively (by percentages), Bitcoin might be more stable in terms of less percentage change, but Steem will sit in the same range for a long time. As long as a business owner can price in that fluctuation, they'll be ok.

The whole reason that SBD was created was to be a stable coin that was pegged to $1 so that we could get businesses using Steem for their transactions. If they knew they could have something that was going to be worth the same tomorrow as it is today, then they would be confident in using it. As it is, no one really wants it for anything other than using it to buy votes or exchange for Steem.

If you're investing and trying to get short-term profits, you're better off getting Steem because bouncing between $1 - $2 gives you a chance to double your money. If you went with Bitcoin bouncing between $6,000 and $7,000 you only have a chance to make a 16.67% return.

It really depends on what you're trying to accomplish. It's hard to say what is the right answer though because things are always changing. I would say if you're looking for it to be the same, or close to the same in value, look for something that is "predictable" not "stable."

Coin Marketplace

STEEM 0.27
TRX 0.13
JST 0.032
BTC 62622.67
ETH 2944.91
USDT 1.00
SBD 3.61