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RE: [STEEMGIG] Riddle Me This: Where are Vests Born? And, When do Vests become Valuable to the Community?
The Witness @dragosroua who upvoted my comment seemed to think it was okay.
Since I didn't believe that VESTs were created and that it was STEEM being added to the Rewards Pool, then I didn't bother with the other steps.
If you know what the answer is, then why didn't you just write an article explaining the answer and then ask some witnesses to review your article?
because I still don't have the formula for vests.
which means you still can adjust fire and come out even further ahead
And further, I reserve the right to be entirely misinformed about what the rshare is a portion of.
BUT this is the reason I am requiring a link to Steemit,inc produced documentation. I'm bloody hell tired of, "well, according to this person over here ... who got a formula from somewhere ... "
Fair enough.
I would assume the Steem White Paper is where things started, but the formula may have changed when implemented. Since that would make 1,152,000 STEEM per day. That is not the case. I doubt you will find a formula on how fast the blockchain creates STEEM in the Rewards Pool from Steemit, inc (ie Ned).
@dragosroua made a post about the Rewards Pool after HF16, where he estimates that the blockchain makes around 46,000 STEEM per day for the Rewards Pool Which is close to the 48,029 estimated calculated in the link I provided above.
If we go by the white paper, we owe it to all post writers to upvote our own comments.
Further we owe it to everyone who votes on our posts and comments (together known as our created content), to never vote first on our on our content BUT to vote last, last and always ... most especially as our weight increases.
Based on the White Paper, I'm guessing that's how all the Whales were made at the start and then they reduced the flow in one of the Hard Forks.
oh and I'm not especially looking for documentation from Ned. however, every IT company documents changes in an official manner.
Where does that exist for Steemit?
GitHub is where they are sharing the updates.
https://github.com/steemit/steem
It isn't very easy to navigate to determine things.
oh my word! I'm currently headache impaired. Largely from looking at this discussion and the links you've provided and the links I've found and ... I've lost the reply attempts twice ... due to headache brain.
I found a very interesting set of articles that should help with the shares ... I think, maybe. They're in my history. I'll find them again tomorrow.
While the distribution methodologies may have changed from the white papers, there's distribution philosophies that most likely have not changed.
I'm more than a little frustrated with the narrow mindedness of the "don't self upvote" religion. Yes.
And I'm running out of hope for the HennyPennys of Steemit who are convinced the sky is falling. No? The swamp is draining? Oh yeah! They're convinced the reward pool can be drained empty.
Moreover, they totally don't get how not self upvoting is failing to be generous and falling to generate STEEM and falling to improve the value of STEEM.
If you're confused, go back and slowly read the last @dragosroua article you linked to. He rushed the ending. But he's made several of the links. https://steemit.com/steemit/@dragosroua/why-there-is-no-such-thing-as-draining-the-reward-pool
And more ... well tomorrow's another day.
At this point, I'm inclined to transfer the 4SBD to you just based on your determination.
The problem is, while I may not be entirely correct, neither are you.
There is very definitely lingo issues. And perspective issues.
And opaque documentation issues are working against us all.
If you're not opposed, I'd like to continue tomorrow.
We can try.
I know I would like a clearer understanding of how all this works.
This is very good news. Now for the bad news. I forgot today is Friday and I spend most of Friday getting ready for Shabbat (Sabbath). And then Sunday we've made plans with friends, and @mitchmiester sort of kind of has Monday and Tuesday off. So sort of kind of we're celebrating our 18th wedding anniversary. (He's on call before a software roll-out which technically means I'll probably have time for reading.)
And. I'm going to try to go ahead and transfer the $4SBD today. Small confession. I've never done this sort of thing before. It always sounds straightforward and easy. We'll see how this goes.
I've been mulling over where to go from here. First off, we still don't know how vests are born. If they aren't born until Steem Power is handed over ... then why are they clearly listed in steemd.com as reward vests and implied as "funding shares"(see first two lines below) ...
Basically, are we looking at a chicken and egg thing here? Does STEEM come first, then assigned a vest value, and then the vests become the rshare, and then the rshares are used to track the true, non-fluctuating value of an upvote ... and then based on the total rshares, are SP and SBD calculated? ... I think I just felt more brain cells fry
Plus I have to dig around in my history and find that set of articles that mentioned the rshare word. hopefully they're there. I lost track when my cell phone died ... we're not talking about how many signs and signals I ignored before it died. At least it loves recharges. Anyway. I'm fairly certain that's something for today's list. I'll post links.
AND then I want to go back and look at the basically triple jeopardy that was set up around the upvoting system in the white
pages lolpaper. They were doing their best to not favor the very people everyone is so freaked out about favoring. So I dunno.What about this has gotten your imagination and curiosity piqued?
Well, the transfer worked. Thank you very much.
Well, from what I thought I understood, was that the system just generated STEEM into the pool at an ongoing rate. Since I couldn't figure out how to be a miner to create the STEEM, then I had to assume that there is only 1 real miner and that is the system. I'm going to start another tread.