Viewing a response to: @baah/re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170301t222818601z
∞ * 0 = ? Only in scarcity can you find value. Why do you think Bitcoin is rising in value? Why do you think Dogecoin tanked big time? With infinite supply of money the prices will soar, the currency will devalue, or both.
| post_id | 2,068,051 |
|---|---|
| author | gamer00 |
| permlink | re-baah-re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170301t225016844z |
| category | witness-category |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness-category"]}" |
| created | 2017-03-01 22:50:15 |
| last_update | 2017-03-01 22:54:03 |
| depth | 3 |
| children | 4 |
| net_rshares | 0 |
| last_payout | 2017-04-01 03:33:00 |
| 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 | 223 |
| author_reputation | 54,255,584,238,995 |
| root_title | "Voting-Power to the People and Curation Rewards to the Investors - Please bookmark and read later if you are BUSY!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Yes, so where don't you see the scarcity? It's all vested in SP, not liquid, so steem is still scarce.
| post_id | 2,068,340 |
|---|---|
| author | baah |
| permlink | re-gamer00-re-baah-re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170301t234854114z |
| category | witness-category |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness-category"]}" |
| created | 2017-03-01 23:48:57 |
| last_update | 2017-03-01 23:48:57 |
| depth | 4 |
| children | 3 |
| net_rshares | -76,148,595,595 |
| last_payout | 2017-04-01 03:33:00 |
| 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 | 102 |
| author_reputation | 12,429,236,291,513 |
| root_title | "Voting-Power to the People and Curation Rewards to the Investors - Please bookmark and read later if you are BUSY!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| gamer00 | 0 | 26,787,575,321 | 42% | ||
| johnthehoan | 0 | 303,465,105 | 42% | ||
| iflagtrash | 0 | -103,290,553,849 | -10% | ||
| ambyr00 | 0 | 50,917,828 | 42% |
No idea why your comments get downvoted. Here's an upvote. The thing is it is not all vested in SP, people still need to use it, because SBD isn't enough to make living off of, thus people eventually need to power down, thus releasing yet more limitless currency on the market.
| post_id | 2,068,454 |
|---|---|
| author | gamer00 |
| permlink | re-baah-re-gamer00-re-baah-re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170302t001141704z |
| category | witness-category |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness-category"]}" |
| created | 2017-03-02 00:11:42 |
| last_update | 2017-03-02 00:11:42 |
| depth | 5 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2017-04-01 03:33:00 |
| 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 | 278 |
| author_reputation | 54,255,584,238,995 |
| root_title | "Voting-Power to the People and Curation Rewards to the Investors - Please bookmark and read later if you are BUSY!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Yes, I said it's all vested in SP but in fact only 90% gets redistributed back to the holders of SP and it's up to them to do as they like. I would copy from the whitepaper but it spaces one word per line so it takes a long time to format it, the pertinent section you're looking for is called Impact of Token Creation Rate https://steem.io/SteemWhitePaper.pdf
| post_id | 2,068,482 |
|---|---|
| author | baah |
| permlink | re-gamer00-re-baah-re-gamer00-re-baah-re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170302t001655016z |
| category | witness-category |
| json_metadata | "{"app": "steemit/0.1", "links": ["https://steem.io/SteemWhitePaper.pdf"], "tags": ["witness-category"]}" |
| created | 2017-03-02 00:16:57 |
| last_update | 2017-03-02 00:16:57 |
| depth | 6 |
| children | 0 |
| net_rshares | -40,734,795,193 |
| last_payout | 2017-04-01 03:33:00 |
| 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 | 360 |
| author_reputation | 12,429,236,291,513 |
| root_title | "Voting-Power to the People and Curation Rewards to the Investors - Please bookmark and read later if you are BUSY!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| gamer00 | 0 | 62,504,840,828 | 100% | ||
| iflagtrash | 0 | -103,290,553,849 | -10% | ||
| ambyr00 | 0 | 50,917,828 | 42% |
Also, currency is not a commodity, and steem is not currency, steem is a commodity. Furthermore it's not limitless, it's creation rate is subject to rules, unlike the dollar which is a limitless commodity as we could turn the whole world into dollar wallpaper. Read Bibo currency to distinguish between what is currency and what is a commodity, one is a unit of measure and therefore it's absurd to limit unit creation, the other is a commodity and therefore it is driven strictly because of supply and demand, artificial or natural, perceived or real, which is what steem is. www.bibocurrency.com You would probably be interested in the articles about bitcoin.
| post_id | 2,068,488 |
|---|---|
| author | baah |
| permlink | re-gamer00-re-baah-re-gamer00-re-baah-re-gamer00-re-fyrstikken-voting-power-to-the-people-and-curation-rewards-to-the-investors-please-bookmark-and-read-later-if-you-are-busy-20170302t001945107z |
| category | witness-category |
| json_metadata | "{"app": "steemit/0.1", "tags": ["witness-category"]}" |
| created | 2017-03-02 00:19:48 |
| last_update | 2017-03-02 00:20:57 |
| depth | 6 |
| children | 0 |
| net_rshares | -76,451,850,842 |
| last_payout | 2017-04-01 03:33:00 |
| 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 | 662 |
| author_reputation | 12,429,236,291,513 |
| root_title | "Voting-Power to the People and Curation Rewards to the Investors - Please bookmark and read later if you are BUSY!" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| gamer00 | 0 | 26,787,785,179 | 42% | ||
| iflagtrash | 0 | -103,290,553,849 | -10% | ||
| ambyr00 | 0 | 50,917,828 | 42% |