Viewing a response to: @ebryans/there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware
> In other words, the community has just put $210,000 of its money into Steemit Inc. so that Steemit Inc. can generously give it back to us. Steemit Inc didn't get any of those funds, they were being allocated into the reward pool. No one was earning more during this period as far as I'm aware. It's just how it was designed (which I agree went poorly) The witnesses didn't catch the issue, and if I had to make an excuse as to why, it's because we were all exhausted fighting the idea of splitting the rewards pool into one for posts and one for comments. This wasn't some manipulative event that occurred, and the price spike recently has nothing to do with it. It mostly has to do with the ebb and flow of BTC's massive rise. To cap it off, think about which two forms of currency you get paid out for posts: - SBD - SP You don't get paid in STEEM. If posts were paying 100% of normal and this hardfork never occurred, the same amount of STEEM would have still existed today, and the price would have done the same thing. All of those post rewards would still be locked away as SP, with likely an incredibly small portion of them being already powered down. I am a fan of conspiracies and love exploring them, but this isn't one of them. I also apologize if I came off brash, I'm not trying to be a dick, just spread an opposing view, which I believe is much more likely.
| author | webdev | ||||||
|---|---|---|---|---|---|---|---|
| permlink | re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z | ||||||
| category | steemit | ||||||
| json_metadata | {"app":"chainbb/0.1","format":"markdown+html","tags":[]} | ||||||
| created | 2017-05-12 06:46:18 | ||||||
| last_update | 2017-05-12 06:46:18 | ||||||
| depth | 1 | ||||||
| children | 18 | ||||||
| last_payout | 2017-05-19 06:46:18 | ||||||
| cashout_time | 1969-12-31 23:59:59 | ||||||
| total_payout_value | 4.542 HBD | ||||||
| curator_payout_value | 1.473 HBD | ||||||
| pending_payout_value | 0.000 HBD | ||||||
| promoted | 0.000 HBD | ||||||
| body_length | 1,384 | ||||||
| author_reputation | 315,875,637,843 | ||||||
| root_title | "There is something rotten in the State of Steemit and you should be very aware." | ||||||
| beneficiaries |
| ||||||
| max_accepted_payout | 1,000,000.000 HBD | ||||||
| percent_hbd | 10,000 | ||||||
| post_id | 3,346,789 | ||||||
| net_rshares | 3,123,988,965,154 | ||||||
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| pharesim | 0 | 722,260,336,652 | 8% | ||
| roadscape | 0 | 928,984,844,167 | 10% | ||
| adsactly | 0 | 2,611,145,462 | 100% | ||
| christoph3 | 0 | 168,615,401 | 5% | ||
| matt-a | 0 | 1,009,279,744,753 | 100% | ||
| ausbitbank | 0 | 251,018,050,556 | 5% | ||
| krystle | 0 | 2,309,107,729 | 5% | ||
| remlaps | 0 | 13,039,853,890 | 100% | ||
| whatsup | 0 | 71,769,586,973 | 100% | ||
| ebryans | 0 | 28,123,513,596 | 100% | ||
| bbkoopsta | 0 | 1,082,922,766 | 100% | ||
| personz | 0 | 33,835,157,335 | 100% | ||
| manycoolthings | 0 | 247,628,783 | 100% | ||
| bitcoinsig | 0 | 56,991,087,960 | 100% | ||
| arius | 0 | 1,193,358,404 | 100% | ||
| pamfrench | 0 | 1,074,010,727 | 100% |
Always happy to listen to alternative points of view, @webdev - however, you seem to have given an opinion which cannot counter the evidence which you can see before you. There is nothing in the Reward Pool, yet the community forewent $210,000 (based upon $7,000 per day allocation as it was). Please explain, therefore, where did the money go? I have had people admit it was a manipulation - people who are vv close to the centre. My submit a story page asks me whether I would like 50/50 Steem/SP or 100% SP - what does your submit a story page say? Hence, there is even less liquidity if there is no pay-out in steem. So, I am very happy to engage in a discussion but ... it is best to give a rationale for your disagreement, rather than a feeling. Namaste.
| author | ebryans |
|---|---|
| permlink | re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-20170512t065959011z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"users":["webdev"],"app":"steemit/0.1"} |
| created | 2017-05-12 07:00:00 |
| last_update | 2017-05-12 07:00:36 |
| depth | 2 |
| children | 15 |
| last_payout | 2017-05-19 07:00:00 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 760 |
| author_reputation | 40,901,156,340,954 |
| root_title | "There is something rotten in the State of Steemit and you should be very aware." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,346,939 |
| net_rshares | 2,331,625,531 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| crowdedmind | 0 | 1,257,614,804 | 100% | ||
| pamfrench | 0 | 1,074,010,727 | 100% |
None of what I said in my last post had to do with feeling - it has to do with my understanding of how the blockchain works and being a witness involved in months long conversations about HF18. To start with - the reward pool is not empty, look at [steemd.com](https://steemd.com), on the right hand column, near the bottom. You can see the rewards pool right there with it's statistics. Currently 1,584,060.845 STEEM is in the reward pool and growing. As for the submit story page text - it's flat out wrong right now and should be fixed. You get paid 50/50 SBD/SP (most of the time). STEEM payouts on posts haven't been happening for months, and STEEM is only paid out to authors when the price is incredibly low and the SBD Debt Ratio is too high. You can see the last 90 days of reward distribution here: [https://steemdb.com/charts/rewards](https://steemdb.com/charts/rewards) The rise in STEEM payouts on the chart from December-March was because the price was hovering around 0.10-0.15 USD. This isn't something someone decides, it's how the blockchain has been programmed since the beginning (as far as I know) to balance the amount of SBD in existence. I'm happy to answer any questions you have about this stuff.
| author | jesta | ||||||
|---|---|---|---|---|---|---|---|
| permlink | re-ebryans-re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-20170512t065959011z-2017512t31418655z | ||||||
| category | steemit | ||||||
| json_metadata | {"app":"chainbb/0.1","format":"markdown+html","tags":[]} | ||||||
| created | 2017-05-12 07:14:18 | ||||||
| last_update | 2017-05-12 07:14:18 | ||||||
| depth | 3 | ||||||
| children | 14 | ||||||
| last_payout | 2017-05-19 07:14:18 | ||||||
| cashout_time | 1969-12-31 23:59:59 | ||||||
| total_payout_value | 2.144 HBD | ||||||
| curator_payout_value | 0.563 HBD | ||||||
| pending_payout_value | 0.000 HBD | ||||||
| promoted | 0.000 HBD | ||||||
| body_length | 1,233 | ||||||
| author_reputation | 140,605,453,893,072 | ||||||
| root_title | "There is something rotten in the State of Steemit and you should be very aware." | ||||||
| beneficiaries |
| ||||||
| max_accepted_payout | 1,000,000.000 HBD | ||||||
| percent_hbd | 10,000 | ||||||
| post_id | 3,347,132 | ||||||
| net_rshares | 1,742,505,786,484 | ||||||
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| pharesim | 0 | 361,105,938,558 | 3% | ||
| roadscape | 0 | 928,984,844,167 | 10% | ||
| adsactly | 0 | 2,611,145,462 | 100% | ||
| hipster | 0 | 91,989,027,512 | 20% | ||
| acidyo | 0 | 88,310,620,144 | 20% | ||
| samether | 0 | 533,336,439 | 20% | ||
| strawhat | 0 | 928,212,635 | 20% | ||
| cryptochannel | 0 | 396,459,280 | 20% | ||
| steevc | 0 | 39,086,099,570 | 53% | ||
| themonetaryfew | 0 | 77,998,741,275 | 100% | ||
| whatsup | 0 | 70,304,901,525 | 100% | ||
| projectnewbie | 0 | 2,032,762,200 | 20% | ||
| tamersameeh | 0 | 78,514,465 | 20% | ||
| bbkoopsta | 0 | 1,082,922,766 | 100% | ||
| riskdebonair | 0 | 16,157,498,526 | 100% | ||
| evildeathcore | 0 | 388,690,065 | 20% | ||
| bitcoinsig | 0 | 56,991,087,960 | 100% | ||
| crowdedmind | 0 | 1,257,614,804 | 100% | ||
| arius | 0 | 1,193,358,404 | 100% | ||
| pamfrench | 0 | 1,074,010,727 | 100% |
The rest of the comments in this thread deserve a soap opera of their own.
| author | acidyo |
|---|---|
| permlink | re-jesta-re-ebryans-re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-2017512t31418655z-20170512t073321029z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
| created | 2017-05-12 07:33:21 |
| last_update | 2017-05-12 07:33:21 |
| depth | 4 |
| children | 10 |
| last_payout | 2017-05-19 07:33:21 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.026 HBD |
| curator_payout_value | 0.007 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 74 |
| author_reputation | 3,409,102,907,916,006 |
| root_title | "There is something rotten in the State of Steemit and you should be very aware." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,347,424 |
| net_rshares | 32,196,342,263 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| riskdebonair | 0 | 16,157,498,526 | 100% | ||
| justinashby | 0 | 16,038,843,737 | 100% |
Firstly, @jesta, thank you for your reply. I very much appreciate your willingness to enlighten me, and others, in my failings of technical knowledge. I would, though, ask that you address the issues: it seems that the rewards pool filling is/was a white elephant. At best, it should have been funded by the steemit account. If it was to be funded by the community, as it was, I provided a very commercially sound option: [Rewards Pool Solution](https://steemit.com/steemit/@ebryans/solution-to-the-30-day-reward-pool-fill-up-please-tell-me-you-can-see-the-benefits-mr-and-mrs-whales) Here is another explanation provided to me (by a witness): "the key thing to understand is that the coins that are 'in the rewards pool' do not actually exist there are no coins in the rewards pool. they are 'virutal'. they are a representation of coins that _will_ exist when the blockchain produces them to pay rewards." In terms of the steem price, this is not a blockchain mechanic - it is a commodity situation based upon supply and demand. The supply has been squeezed. In terms of Steem/SP payments - I am appalled. Why offer 50/50 for months, as you put it , and not deliver the assurances you are putting forward? I thoroughly understand that changing protocols on the system is a very complex thing. The changing of script upon the User Interface should not be. If it is that complex, get a new one. In terms of the extra upside achieved by those close to the decisions made ... that has nothing to do with anything other than knowledge of the plan. How come the figures are so identical in various instances? Steemit engineers might be clever. That does not make them smart. Thank you again for your engagement. I take no joy from this but ... if nobody raises questions when there is such a glaring issue to be addressed, then the checks and balances will not be adopted until it is way too late. Namaste.
| author | ebryans |
|---|---|
| permlink | re-jesta-re-ebryans-re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-2017512t31418655z-20170512t200016874z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"users":["jesta"],"links":["https://steemit.com/steemit/@ebryans/solution-to-the-30-day-reward-pool-fill-up-please-tell-me-you-can-see-the-benefits-mr-and-mrs-whales"],"app":"steemit/0.1"} |
| created | 2017-05-12 20:00:18 |
| last_update | 2017-05-12 20:00:18 |
| depth | 4 |
| children | 2 |
| last_payout | 2017-05-19 20:00:18 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.214 HBD |
| curator_payout_value | 0.067 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,905 |
| author_reputation | 40,901,156,340,954 |
| root_title | "There is something rotten in the State of Steemit and you should be very aware." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,362,656 |
| net_rshares | 236,510,664,970 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| pharesim | 0 | 180,583,333,373 | 1% | ||
| adsactly | 0 | 2,611,145,462 | 100% | ||
| hipster | 0 | 26,282,579,289 | 5% | ||
| acidyo | 0 | 25,331,878,927 | 5% | ||
| samether | 0 | 266,698,297 | 5% | ||
| strawhat | 0 | 265,203,610 | 5% | ||
| cryptochannel | 0 | 113,274,080 | 5% | ||
| projectnewbie | 0 | 580,789,200 | 5% | ||
| tamersameeh | 0 | 78,514,465 | 5% | ||
| evildeathcore | 0 | 397,248,267 | 5% |
Ah dammit, that was me. I was using chainBB in a dev build and was logged into the wrong account. I need to make the background turn red or the page look crazy when I'm on dev, so I stop accidentally posting with the test accounts :)
| author | jesta |
|---|---|
| permlink | re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-20170512t064723277z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"app":"steemit/0.1"} |
| created | 2017-05-12 06:47:24 |
| last_update | 2017-05-12 06:47:51 |
| depth | 2 |
| children | 0 |
| last_payout | 2017-05-19 06:47:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.994 HBD |
| curator_payout_value | 0.321 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 233 |
| author_reputation | 140,605,453,893,072 |
| root_title | "There is something rotten in the State of Steemit and you should be very aware." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,346,797 |
| net_rshares | 972,333,399,553 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| pharesim | 0 | 722,260,336,652 | 8% | ||
| christoph3 | 0 | 84,307,700 | 1% | ||
| ausbitbank | 0 | 83,672,683,518 | 1% | ||
| krystle | 0 | 769,702,576 | 1% | ||
| remlaps | 0 | 13,039,853,890 | 100% | ||
| themonetaryfew | 0 | 81,118,690,926 | 100% | ||
| whatsup | 0 | 70,304,901,525 | 100% | ||
| bbkoopsta | 0 | 1,082,922,766 | 100% |
I agree with this interpretation. Steemit Inc. is not the Steem blockchain. The reward pool is in the blockchain, simple as that. > In other words, the community has just put $210,000 of its money into Steemit Inc. so that Steemit Inc. can generously give it back to us. @ebryans I think you should retract that accusation.
| author | personz |
|---|---|
| permlink | re-webdev-re-ebryans-there-is-something-rotten-in-the-state-of-steemit-and-you-should-be-very-aware-2017512t2461980z-20170516t091848452z |
| category | steemit |
| json_metadata | {"tags":["steemit"],"app":"steemit/0.1","users":["ebryans"]} |
| created | 2017-05-16 09:18:48 |
| last_update | 2017-05-16 09:19:15 |
| depth | 2 |
| children | 0 |
| last_payout | 2017-05-23 09:18:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 325 |
| author_reputation | 42,452,361,038,560 |
| root_title | "There is something rotten in the State of Steemit and you should be very aware." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 3,455,004 |
| net_rshares | 0 |
hiveblocks