Supporting ChainBB: "Donating" Without Donating

3 months ago
72 in chainbb

3 days ago I got excited to start seeing entries like this in my wallet:

{ "type": "comment_benefactor_reward", "benefactor": "chainbb", "author": "lukestokes", "permlink": "steemit-chainbb-bookmarklet-for-chainbb", "reward": "48390.464630 VESTS" }



If you're not aware, the STEEM blockchain has multiple browsers including steemd.com, steemit.com, busy.org, and beta.chainbb.com. ChainBB is @jesta's forum project, and it's fantastic. The coolest thing about the set up is you can support the project just by posting there.

That's it.

You don't have to donate money like a Patreon account, you just use it and 15% of the author rewards automatically go towards funding the project.

I was curious to see if my posts have helped at all, so I parsed all those cryptic-looking wallet messages to get this:

35.221027 VESTS
12.430953 VESTS
12.430954 VESTS
12.430954 VESTS
12.430955 VESTS
14.502781 VESTS
89722.647751 VESTS
12.430978 VESTS
12.431126 VESTS
31.077823 VESTS
4.143710 VESTS
12.431146 VESTS
12.431147 VESTS
24.862295 VESTS
36027.548344 VESTS
118.101748 VESTS
70.446729 VESTS
348.102706 VESTS
555.306968 VESTS
48390.464630 VESTS
602.964780 VESTS
12090.524927 VESTS
103.604959 VESTS
489.034819 VESTS
690.036521 VESTS



A VEST is an internal representation of vested STEEM (Steem Power) which is represented by a ratio that changes over time. It's currently at 1,000,000 VESTS = 482.669 STEEM.

Just by posting and commenting using ChainBB, I was able to donate 189418.0407 VESTS to the ChainBB project. That comes out to (482.669 / 1,000,000) * 189418.0407 = 91.4262163 STEEM!

At the current prices, that's $113.36 in just three days!

That's awesome!

I hope more of you will check out ChainBB and consider posting there to support the project. Imagine what this could do for STEEM if this project is richly rewarded, setting an example of what's possible for other platform developers who need a mechanism to fund their projects.

Steem Rocks.

I'm also super excited about a project I'm working on called Understanding Blockchain Freedom. I bought the domain today (understandingblockchainfreedom.com) and started recording some videos as well. Stay tuned. :)

Created with love using ChainBB


Luke Stokes is a father, husband, business owner, programmer, voluntaryist, and blockchain enthusiast. He wants to help create a world we all want to live in.

I'm a Witness! Please vote for @lukestokes.mhth

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Sort Order:  trending
62
  ·  3 months ago

That's great to see all that Steem going to help out @jesta and ChainBB. I've been posting on ChainBB exclusively now for a week and I like it so far. I wish I could figure out those Vested Steem figures like you did to see what it comes out to from my posts too. I know it'd be from your figure, but it is something nonetheless going to a more than worthy project :)

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72
  ·  3 months ago

I just ran through it for you and came up with 13548.79078 VESTS. That's 6.539581298 STEEM, so about $8.10. Pretty cool!

All I did was copy your wallet page output to Sublime Text, search for "VESTS", then copy all that data into a spreadsheet, split to columns on the space and add up the numbers.

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62
  ·  3 months ago

Wow, that was quick dude, and thanks for explaining the process to get to that number @lukestokes, I'll have to see if I can figure it out on my own now :)

That ~$8.10 is a bit more than I thought it would be, so I'm pleased with that. I know every bit of Steem can help to get something rolling in the right direction, so that's really cool!

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66
  ·  3 months ago

I need to remember to post from there (chainBB); it is a worthy project and looks to be a fine front-end to the blockchain

It's just building a habit that is hard when Steemit is so convenient

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62
  ·  3 months ago

@stevescoins , It's a great option for posting, and while I can understand it's not a preferred style for many, it does give an additional way to interact with the Steem blockchain. Habits are hard to break at times, agreed :)

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66
  ·  3 months ago

Also, we have several front-end apps being developed, so folks may settle down with one app

I sat down to post from chainBB after commenting on this post earlier, then got distracted and completely forgot about it LOL

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72
  ·  2 months ago

I created this little bookmarklet to remind me to get back to ChainBB more often: https://steemit.com/chainbb/@lukestokes/steemit-chainbb-bookmarklet-for-chainbb

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66
  ·  2 months ago

nice; I'll add that to my UI

I would have reSteemed the link. but I guess after the payou period is done, you can't

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72
  ·  2 months ago

Huh. Interesting. I didn't realize the resteem option goes away like that.

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66
  ·  2 months ago

me neither ;>

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62
  ·  3 months ago

And that's the beauty of it, with a few different options, we can all settle on a preferred app, and can always default to a different one if we need to, because of a certain situation or just forgetting LOL

69
  ·  2 months ago

I've been working on a new section for steemdb.com that should hopefully let these types of stats be more transparent :)

58
  ·  3 months ago

Supporting the developers is important. A vibrant developer team is the future for the platform. @jesta and @good-karma are the ones I've given most attention since they are good at telling what they do.

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72
  ·  3 months ago

Yeah, they are rocking it!

54
  ·  2 months ago

I have been trying to actively use ChainBB to support the project, but it would be great if a donation STEEM account was set up for the project. I know that I would not be the only one to make a contribution!

53
  ·  3 months ago

How do you calculate vests @lukestokes ?

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54
  ·  2 months ago

You can use the sp_to_vests() function in the steem-python module (http://steem.readthedocs.io/en/latest/tools.html#steem.converter.Converter.sp_to_vests) to calculate how many VESTS you have from the amount of STEEM POWER you have. Otherwise, 1 MVEST (1 million VESTS) = 482.692 STEEM POWER (per steemdb.com), so 1 VEST = 0.000482692 STEEM POWER.

51
  ·  3 months ago

There's no doubt that ChainBB is an amazing and useful dapp of the Steem blockchain. There's no other rewarding forum hosts out there that I know of other than this and I think every forum post out there may it be about games, lifestyle, money, etc., deserve some payment because each is valuable.

Everyone's thoughts and responses to others is valuable and ChainBB will successfully make a representation of those values through STEEM.

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72
  ·  3 months ago

Well said. It could be huge, as some have said, bigger than Steemit.

At the same time, that's what's so incredible about this system. If any one of them (busy, steemit, chainbb, or something in the future) goes big, the others will also benefit from that user activity and content. Everyone wins.

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51
  ·  3 months ago

That's true sir,
And these strategies and the system are genius that why I believe that we're at the forefront in blockchain-based social media.

I'm glad that I was able to come here as soon as I can. It's so awesome.

33
  ·  3 months ago

ChainBB is still in beta already so nice-looking!
Thanks for bringing this to my attention!
Upvote for you, sir.

54
  ·  3 months ago

This seems interesting and

Vote for withness too
Following.

61
  ·  3 months ago

Yippiee, i started using Chainbb yesterday and i think i kinda love it, a friend ask me to try it out and i am not regretting it😎

56
  ·  3 months ago

I am quite new to steemit .. was not aware of these projects.. nice to hear from you .. soon gonna try.. and it will be wonderful if i am also able to help and do share more about your domain.. i am sure you are gonna make something fab

61
  ·  3 months ago

Ya there definitely is a lot to learn.

50
  ·  2 months ago

nice....your post deserve my upvote and resteem....

42
  ·  3 months ago

wow! this is great. guys thanks but how do i calculate vest???

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72
  ·  3 months ago

See the link in the post. The conversion from VESTS to STEEM is shown there and the rest is some basic math I demonstrated.

58
  ·  2 months ago

Yes thanks for posting. I noticed that in my steem db too. Jesta is awesome and I'm grateful for all he does. I need to hop on chainbb more. I'm happy to give them 15% of my reward to help with the platform!! I need to hop on and spend a little time on zappl too!

29
  ·  3 months ago

Great! Thank you for sharing!