RE: New Ad Slogan: Steemit... Where The Rich Get Richer!

Yep, your new slogan hit the nail on the head. Only Steemit could come up with a solution for the problem that is worse than the problem itself. Ha ha.

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davemccoy (63) 6 years ago

I thought that exact thing... They couldn't have made a worse solution to fix a problem... I don't know how they can hold their heads up and explain it without laughing. Just how dumb do they think we are?

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themanwithnoname (64) 6 years ago

Apparently not all of us are dumb. Especially TCpolymath. Other of us are still uninformed. I still don't understand the rewards pool. I know that if people vote on my posts that I get a portion of that amount. I don't understand how that applies to the rewards pool though.

For instance, with rewards that are returned by flagging, does that increase everyone's post payout value? And it's just that mine only increases a little because it's not worth much? I can't actually track which votes cause the value to increase other than looking on Busy and seeing that "a-person" voted "x-value" for my post.

And if Steemit, for instance decided to vote for people at 100% power 10 times per day, would that actually decrease the amount I would get at payout? I was already given certain amounts of rewards by other people. Would Steemit's votes for people other than me really lower my payout?

Sorry, I haven't really looked into the rewards pool much. I've been more focused on making sure that I was getting posts out at least once per day.

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tcpolymath (68) 6 years ago

So basically there's a certain amount of Steem distributed to posts every day. The system checks how many posts are paying out in a given time, compares them to the total value of upvotes on all of them, and distributes the rewards proportionally.

Everything you see on your posts while they're live, or if you're looking at the value of your vote on Steemworld etc., is an estimate of what that number will be when payout happens. It's not real, and it can change based on all sorts of things.

And if Steemit, for instance decided to vote for people at 100% power 10 times per day, would that actually decrease the amount I would get at payout?

Yes. Unless you got one of the votes, then you could throw a party for all of us.

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davemccoy (63) 6 years ago

@themanwithnoname lol... yes we all aren't dumb, but you are right most are uninformed. Including me too! I had no idea this was out there for 6 months and I'm glad I found out now so that I can at least put it into my mind for better understanding.

I am not the best to explain to you the rewards pool, but the way I look at it is we make a post and gather vests from each vote, those vests show up as money on our post. The calculation of that money is made by the total number of vests cast divided by the total number of new issuance for that particular time frame.

Yes is steeemit or any large holder started voting their SP then the pool would stay the same but each person would get less of it.

The other questions hopefully others have better answers.

_{Sent with Fast-Reply}

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