Steem Questions and Answers / Living FAQ

in #steemhelp8 years ago

Steem is a simple yet complex beast and a 42 page detailed white paper does not make for light reading. Some of us may have basic or advance questions to ask; I know I do.

Please post your questions below and provide enough detail so that someone may help you.

If you have received help or found value in this post please up vote the comment that provided you that value.

Steem-on!

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Q: Voting - It seems when I vote in favor of popular posts I often get a red down arrow. What does this mean? Should I vote only on unpopular posts that I like instead of all posts that I like? Thx!

Someone mentioned this is a display bug so if you think you upvoted it's probably fine.

Vesting Steem: divesting

In my account page against my vesting balance I have an option "start divesting" I think this refers to starting the process that would provide me liquid steem in weekly intervals over 2 years at a rate of [vested steem] / 104 (104 weeks in 2 years).

Q. Is the above correct?

Q. Does this process reduce the amount of steam I have vested? i.e first weekly payout of 2 steem reduces my vesting balance by 2 steem?

Q. Should I wait to divest my steem or start straight away? is there a benefit to waiting as opposed to starting the process now?

Q. If I started the divesting process what happens if I buy more steem and add it to my vesting balance?

As far as I know:

  1. The conversione will be done based on the current steem:vest ratio.
    eg: for simplicity let's assuming you have 104 SP (Steem Power = VESTS). If you start divesting, you should divest 1 SP every week. At the time of the weekly conversion, this 1 SP will be converted in STEEM at the steem:vest ratio.
    the steem:vest ratio is always increasing, you can check its value in the upper left corner on steemd.com

  2. Of course your vesting balance will decrease every week.

  3. This probably depends on your expectation of future STEEM price/ market value. The conversion rate steem:vest will only increase tho, so, assuming a costant market cap, your SP (vests) are safe from dilution.

  4. Not sure about that...I guess that:
    -or on the next weekly conversion, the 1/104 divesting weekly amount will be recomputed
    -or the divesting amount will stick to its old 1/104 value until you stop divesting and start divesting again or directly specify the new amount to divest.

Cheers, the current steem:vest ratio is ~61.162; i guess that means if i divest now, that rate will stay static for the 104 weeks of my divesting?; i will not be divesting based off your comments and i appreciate your time to respond :). would be good to get an official answer to question #4 from Dan or Ned

Nope, every week your SPs will be converted to STEEM at the current/new steem:vest ratio!

Is there somewhere we can see the current ratio?

Answer : http://steemd.com upper left right corner. Edit : They moved it the next day. ;)

Why do I have to login so many times? If I reply to a comment, I have to login again. After I comment, I have to login again. If I want to post, I have to login again. After I post, I have to login again. I'm using Chrome if that matters.

It's a bug. This is still Alpha

glad the issue is not isolated and will be addressed

Thanks for bringing this one up. I was going to post something similar. It seems to log me out after I take any action at all. Glad this will be fixed.

Proxies

Steem lets you set a voting proxy using the command:

set_voting_proxy "my_account" "proxy_account" true

Since voting is essential in Steem, some questions this raises are:

  • Are votes proxied both for witness voting and post voting?
  • Are proxied votes for posts treated the same as a direct vote in terms of curating rewards?

If the answer is yes for number two, it would make sense for professional curators to compete for proxy votes from big shareholders in order to increase their own influence and efficacy, and it would in turn be interesting for big shareholders to proxy their votes to known successful curators in order to increase their earnings.

Votes are proxied only for witness voting, at least for now.

How long after posting can you edit a post or is it indefinite?

Also, is there a way to tell how many, if any, upvotes a post has? I just found out editing a post will reset upvotes. =/

Answer: You can on steemd.com

SteemD:

can you use steemd to view statistic on a specific post or only recent posts?

I'm pretty sure if you go to http://steemd.com/@steempower you can see all of your activities here and then select the post you want to view from the list and from there you can get more detail on votes, who voted, etc.

That is just what i wanted, Cheers

The advanced view on steemd is really useful, make sure to check that out.

Steem Backed Dollars (SBD):

From what i have seen the daily payouts (when they start being daily) will be 50% Steem Power(formerly VESTS) and 50% Steem Backed Dollars.

Q. When do daily payouts start?

Q. Will the SBD rewarded be instantly transferable to other users, and or traded on the internal exchange or redeemed(after 1 weeks in holding pattern before being executed at the median price feed)?

Q. Is SBD proposed to be divisible?

Thanks to Xeroc, Clayop and Smooth for the following answers

  1. 4th of July
  2. Yes
  3. SBD has 3 points of precision

When I try to post, it won't let me post in most categories. A list of the main categories appears in my drop-down menu, but when I select "Other Topic..." it's a dead-end. It doesn't open up more categories and if I type in the name of a category (existing or new), then the "Post" button will not work. Am I missing something, am I using a shitty browser (FireFox), or is this something that needs to be fixed? Thanks.

Same problem with me.
help me too

I have a question. My son is trying to sign up but has not received an email yet. It has been 2 days since he tried to sign up. Can you help? I did not have this problem.

I had about S45 under my post. Then once it was paid out it said $28. I don't understand why the difference took place.

It is because I made an edit? @tuck-fheman

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