Viewing a response to: @vegansilverstack/earn-more-when-you-choose-100-power-up-rewards
I think your observation is correct, @vegansilverstack. Steemit naturally would want to reward investors and stakeholders who are in it long-term, and that is quite understandable. About a month after joining Steemit, in April, I guess, she celebrated her one year anniversary since inception. Here is an excerpt of the steemit whitepaper which should help you better understand how steemit works. Steem Power (SP) Start up companies require long-term capital commitment. Those who invest their money in a startup expect to wait years before they can sell their shares and realize their profits. Without long-term commitment, a startup seeking to raise additional capital through the sale of additional shares would be competing with existing shareholders looking to exit. Savvy investors want their capital contributions to grow the company, but growth cannot happen if the new capital is given away to those looking to exit. There is significant value to having long-term commitment because it enables communities to make long-term plans. Long term commitment of stakeholders also causes them to vote for long-term growth rather than short-term pumps. In the cryptocurrency space, speculators jump from cryptocurrency to cryptocurrency based mostly on which one is expected to have short-term growth. Steem wants to build a community that is mostly owned and entirely controlled by those with a long-term perspective. Because Steem wants to encourage long-term growth, it is hardwired to allocate 9 STEEM to Steem Power (SP) stakeholders for every 1 STEEM it creates to fund growth through contribution incentives. Over time this drives the ratio of the total STEEM value of Steem Power balances to the total of STEEM balances toward 9:1 . (It seems likely that the ratio will be somewhat greater than 9:1 due to continued net Powering Up of the newly printed STEEM.) It also means that long-term holders are almost completely protected from the dilution used to fund growth. (source, page 9 of https://steem.io/SteemWhitePaper.pdf) . Cheers.
post_id | 4,141,458 |
---|---|
author | maryfavour |
permlink | re-vegansilverstack-earn-more-when-you-choose-100-power-up-rewards-20170616t175650391z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "users": ["vegansilverstack"], "links": ["https://steem.io/SteemWhitePaper.pdf"], "tags": ["steemit"]}" |
created | 2017-06-16 17:57:18 |
last_update | 2017-06-16 17:57:36 |
depth | 1 |
children | 3 |
net_rshares | 48,023,520,971 |
last_payout | 2017-06-23 17:57:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 1.028 SBD |
curator_payout_value | 0.008 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 2,049 |
author_reputation | 21,161,943,744,615 |
root_title | "Earn More When You Choose 100% Power Up Rewards?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
rich-oth-hegy | 0 | 0 | 100% | ||
maryfavour | 0 | 43,264,468,377 | 100% | ||
vegansilverstack | 0 | 2,755,988,507 | 53% | ||
erlik | 0 | 2,003,064,087 | 100% | ||
arabisouri | 0 | 0 | 100% | ||
cinlin | 0 | 0 | 100% | ||
st33my | 0 | 0 | 100% | ||
acelad | 0 | 0 | 100% | ||
pindakong | 0 | 0 | 100% | ||
ovoidmusic | 0 | 0 | 100% | ||
meianju-naihatsu | 0 | 0 | 100% | ||
cngrobler | 0 | 0 | 100% | ||
frayoshi | 0 | 0 | 100% |
Very nice, thank you!
post_id | 4,141,851 |
---|---|
author | vegansilverstack |
permlink | re-maryfavour-re-vegansilverstack-earn-more-when-you-choose-100-power-up-rewards-20170616t180320427z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2017-06-16 18:03:18 |
last_update | 2017-06-16 18:03:18 |
depth | 2 |
children | 1 |
net_rshares | 20,790,362,045 |
last_payout | 2017-06-23 18:03:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.448 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 21 |
author_reputation | 14,677,992,676,220 |
root_title | "Earn More When You Choose 100% Power Up Rewards?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
maryfavour | 0 | 20,691,702,267 | 50% | ||
graviolapremium | 0 | 98,659,778 | 100% | ||
arabisouri | 0 | 0 | 100% |
You are most welcome!
post_id | 4,142,914 |
---|---|
author | maryfavour |
permlink | re-vegansilverstack-re-maryfavour-re-vegansilverstack-earn-more-when-you-choose-100-power-up-rewards-20170616t181931236z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2017-06-16 18:20:00 |
last_update | 2017-06-16 18:20:00 |
depth | 3 |
children | 0 |
net_rshares | 42,422,596,233 |
last_payout | 2017-06-23 18:20:00 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.914 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 21 |
author_reputation | 21,161,943,744,615 |
root_title | "Earn More When You Choose 100% Power Up Rewards?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
maryfavour | 0 | 42,323,936,455 | 100% | ||
graviolapremium | 0 | 98,659,778 | 100% | ||
arabisouri | 0 | 0 | 100% | ||
queni01 | 0 | 0 | 100% |
Oh wow, I didn't know, thank you very much!
post_id | 27,003,123 |
---|---|
author | fedecuci |
permlink | re-maryfavour-re-vegansilverstack-earn-more-when-you-choose-100-power-up-rewards-20180121t092343682z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-01-21 09:23:42 |
last_update | 2018-01-21 09:23:42 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-01-28 09:23:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 43 |
author_reputation | 1,621,810,097 |
root_title | "Earn More When You Choose 100% Power Up Rewards?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
fedecuci | 0 | 0 | 0% |