This doesn't seem right.. by stealthtrader

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steem-help · @stealthtrader · Aug 3 '16 (edited)

$2.99

This doesn't seem right..

<p><img src="https://media2.giphy.com/media/vu5IHbOBSa1aw/200.gif" /></p>
<p><strong>If this is accurate why would ANYONE power down right now..?  </strong></p>
 I used this by @deeprocks https://steemit.com/steem/@deeprocks/steem-power-interest-calculator
<p>But here is how much interest I would gain in 1 year if Steemit uses compound interest</p>
<p>https://i.imgsafe.org/1977f81463.gif</p>
<p><br /></p>
<p><strong>That's 6000 STEEM POWER in just 1 year!</strong></p>
<p>Now that's compound interest.. simple interest is 2000SP.</p>
<p>But even if it it did go from 600 to 2000 in just a year that would still be amazing!</p>
<p>https://i.imgsafe.org/1980b79f7a.gif<br />
<br />
But it seems pretty accurate for what I get daily..</p>
<p>https://i.imgsafe.org/1942b144f9.gif</p>
<p>If anyone knows how this works please let us know :D</p>
<p><br /></p>

👍 xeroc, bleepcoin, thedashguy, sigmajin, bue, calaber24p, wongshiying, anonymous, raymondspeaks, claudiop63, ninzacode, jennamarbles, rznag, stealthtrader, michaeldodridge, konstantin, andu, meesterboom, bue-witness, boy, mabiturm, jackkang, mini, daniel.pan, bunny, gekko, healthcare, viktor.phuket, helen.tan, moon, isyevens, alextsvirko, kapets123, yousaywhat, kathise, jennyfeger, lexinferno, ardina, michaelpr, steemwitherika, johnsnow, emily-s, michael-brown, timclarke, wildflower3, quigonjinn, jackstiller, tronix1887, easy-peasy, cryptogaijin, natedogg, cire81, abctrade, chonesta, steemlove, crumaner, backetri, cozyone123, eternalabove, bignastywhale, sugarfromhell

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easy-peasy	56,476,427	100%
cryptogaijin	33,941,904	100%
tronix1887	59,597,221	100%

@abctrade · Aug 3 '16 (edited)

Upvoted

👎 cheetah32, cheetah58

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@backetri · Aug 3 '16

Upvoted

👎 cheetah35

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@bignastywhale · Aug 3 '16 (edited)

Keep up the great work @stealthtrader 
 Upvoted

👍 cryptogaijin
👎 antispam

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@calaber24p · Aug 3 '16

$0.09

I like this calculator, but as far as I know the interest rate drops slightly every block so we wont get anywhere near that amount of interest on Steem Power. Also Steem power interest is not compound is is based off the amount of vests you have as far as I know.

👍 churdtzu, stealthtrader, michaeldodridge, egjoshslim, cryptogaijin

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@michaeldodridge · Aug 3 '16

Great blog and great response. Has got me interested to look more into the maths of this. I was thinking it must be a little more complicated than simple compound interest.

👍 stealthtrader

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@stealthtrader · Aug 3 '16 (edited)

Thanks man yeah someone on steemit.chat just said that it's a lot like this, but only for 1 year so not sure how it all works but @calaber24p explained it pretty well.. I just want to find like a detailed article on it.

👍 cryptogaijin

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@stealthtrader · Aug 3 '16 (edited)

Nice yeah it definitely seemed unrealistic, but that's what it showed so I was like what!?

👍 cryptogaijin

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@chonesta · Aug 3 '16

Upvoted

👎 cheetah74

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@cozyone123 · Aug 3 '16

Upvoted

👎 cheetah37

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cheetah37	0 B		-10,899,219	-50%

@crumaner · Aug 3 '16

Upvoted

properties (22)

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@eternalabove · Aug 3 '16

Keep up the great work @stealthtrader 
 Upvoted

👍 cryptogaijin
👎 cheetah39

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@isaac.asimov · Aug 3 '16

Flesch Kincaid Grade Level

Hi! This post has a <a href="https://en.wikipedia.org/wiki/Flesch%E2%80%93Kincaid_readability_tests">Flesch-Kincaid</a> grade level of 12.5 and reading ease of 60%. This puts the writing level on par with academic journals.

👍 cryptogaijin
👎 cheetah34

`author`	isaac.asimov
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@raymondspeaks · Aug 3 '16

I enjoyed this. I knew my Steem power was rising daily but I had no idea it would reach those heights in a year :D

👍 stealthtrader

`author`	raymondspeaks
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@sigmajin · Aug 3 '16

$0.08

no, those numbers are definitely wrong

👍 sigmajin, stealthtrader, cryptogaijin

`author`	sigmajin
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properties (23)vote details (3)

voter	rshares	pct
stealthtrader	9,432,888,539	100%
sigmajin	89,969,477,025	100%
cryptogaijin	14,044,925	100%

@sigmajin · Aug 3 '16 (edited)

$0.08

ok, I figured out whats going on.

He tracked dans balance to get the numbers, and somewhere in there, dan got a curation reward or something, which he counted as interest.  He used that incorrect "rate" to come up with the rate he uses on his site.
Its the same way steemstats muffs y our rate.  
Your SP balance, just from "interest" will be much less, probably about 2x per year.

👍 sigmajin, stealthtrader

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
stealthtrader	0 B		9,432,888,539	100%
sigmajin	0 B		89,970,480,501	100%

@stealthtrader · Aug 3 '16 (edited)

Where does it explain all of this?

properties (22)

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1 reply

@sugarfromhell · Aug 3 '16

Upvoted

👎 cheetah41

`author`	sugarfromhell
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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
cheetah41	0 B		-10,667,646	-50%