RE: Ned on SBD: "Does the community want to continue to be paid out in Steem Dollars?" by brains

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ned · @brains · Dec 22 '16

Well, as I commented on my ONE and ONLY blog post ...

https://steemit.com/money/@brains/when-the-banks-stopped-paying-interest

I am leaving - me and my $15k, as I used to make 750SP per month and now I get 60SP per month - same voting effort, same SP - my first payment to exit Steemit comes tomorrow.    Now that Ned has made this huge, scorched earth, pendulum swing to "not worth it", the price is still tanking.  

What next?  Steemit is a fish on the dock.  

And to answer... SBD went from paying 15% to 9% and today I looked to see it pays 8% to have it in savings -yet I put a bitcons in savings almost a month ago and have yet to see one interest payment.   You can bet I will be leaving with that too.  What a waste of time and money.

👍 brains, sponge-bob, qubes

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@anduweb · Dec 22 '16

@brains: if you're thinking about exiting, let me know and I can purchase that Steem from you. For BTC or even for fiat. Hit me up on steemit.chat, same username.

👍 qubes

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@pfunk · Dec 22 '16

SBD interest is probably on its way down, so I transferred 0.001 SBD to your savings to trigger the interest payment. There needs to be an SBD balance interaction for it to pay out, at least 30 days from the last payment.

👍 brains, sponge-bob, qubes, anduweb, andu

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@anduweb · Dec 22 '16

I was thinking about doing the same for him but you beat me to it :)
:thumbsup:

👍 brains, sponge-bob, qubes

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@brains · Dec 22 '16

Thanks for that.  It worked here, but my other account didn't get paid interest after I sent myself a payment to trigger the unspoken interest rule.  I agree with @someonewhoisme that it should say on the wallet page.

👍 brains

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@brains · Dec 22 '16 (edited)

Not 30 days yet - and regarding the same bucket thing,  SBD Savings only has one option, "Withdraw SBD", so it would be difficult to make a transfer without first doing the 3 day wait for withdrawal.

👍 brains

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@pfunk · Dec 22 '16

The transfer has to be into or out of the same bucket, be that liquid or savings SBD. If it didn't get paid interest for a transfer in the same bucket then it probably hasn't been 30 days since the last interest payment.

👍 brains

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@proglobyte · Dec 22 '16 (edited)

If we get rid of SBD and "savings accounts", now that the liquidity of STEEM Power is very greatly improved, we can simply increase the amount of return on held STEEM Power.  It can never go back to 100% per year however LOL.. sorry about that! :) But perhaps 9.5% inflation + some % of interest?

If people want to transact with STEEM no need to have it readily available in savings, or in SBD, they can simply buy some if they are unwilling to power any down, or to keep some on hand as STEEM.  Savings accounts is a feature that was added because it was possible, but when you think about it they serve no purpose, other than earning a little interest.  STEEM and STEEM Power .. they are all we need.

👍 brains, sponge-bob, qubes, zentat, tingaling, steembriefing, proglobyte, proglobyte-m1, steemint, kurtbeil

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@teamsteem · Dec 22 '16

You need to send SBD to another account to receive your interest. Just send the lowest amount to any account. You need to do this every 30 days but you will receive all that your haven't received and that are due to you.

👍 sponge-bob, qubes, brains

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@brains · Dec 22 '16

Thanks for that.  It worked here, but my other account didn't get paid interest after I sent myself a payment to trigger the unspoken interest rule.  I agree with @someonewhoisme that it should say on the wallet page.

👍 brains, qubes

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@teamsteem · Dec 23 '16

I just requested it to github. It should be at least displayed prominently somewhere.

👍 brains

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@someonewhoisme · Dec 22 '16 (edited)

If this is true, it should be made clear on the  SBD wallet page. How are users supposed to know that...

👍 sponge-bob, qubes, brains, stevescoins

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@teamsteem · Dec 23 '16

I just requested it to github. It should be at least displayed prominently somewhere.

👍 someonewhoisme

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