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RE: Using SBI as a currency!
Excellent! The deal I made that I'd be happy to repeat is 90 days, 3334 SP for 160 sbi plus 160 liquid steem!
Excellent! The deal I made that I'd be happy to repeat is 90 days, 3334 SP for 160 sbi plus 160 liquid steem!
How did you come to those numbers? Do you have an idea of apr, or did you do it another way?
The deal blocktrades was offering him was 334 liquid steem for that amount/time. I wanted to offer something that was enough better than that that it would make up for the inconvenience of coordinating with an unautomated, real person.
Could you please spell out what exactly those numbers mean in this deal?
So, @d00k13 wanted to be able to use, for voting, 3334 more steem power than he has. Blocktrades is a business that leases steem power for set periods of time, in this case they were offering to lease 3334 SP (steem power) for 90 days in exchange for 334 steem. When I learned that @d00k13 was willing to pay that fee, I thought it was exorbitant, and so I offered to lease him the same amount for the same amount of time for a lower fee.
160 liquid steem (just steem, but being precise, that it's immediately available as a currency)
And 160 SBI, which means buying for 1 steem each levels for both of us in steem basic income. Since he receives half the benefit of SBI, we can value them at .5 steem each.
So, with that calculation, he is giving a value of 240 steem for something he values at minimum 334 steem.
Thanks for explanation!
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Is 160 SBI per month or per 90 days?
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Were you thinking of getting this deal? I was thinking of buying more steem.
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Good prices...
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Indeed! Are you feeling tempted, but warring within yourself?
Until Steem reaches $1, it's a good price to buy. Not a financial advice, of course.
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Right, I meant, were you thinking of leasing steem from me for the terms you've been asking about?
90 days
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So, @d00k13 wanted to be able to use, for voting, 3334 more steem power than he has. Blocktrades is a business that leases steem power for set periods of time, in this case they were offered to lease 3334 SP (steem power) in exchange for 334 steem. When I learned that @d00k13 was willing to pay that fee, I thought it was exorbitant, and so I offered to lease him the same amount for the same amount of time for a lower fee.
160 liquid steem (just steem, but being precise, that it's immediately available as a currency)
And 160 SBI, which means buying for 1 steem each levels for both of us in steem basic income. Since he receives half the benefit of SBI, we can value them at .5 steem each.
So, with that calculation, he is paying 240 steem for what he would have paid 334 steem
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