As at the non-updating state snapshotted last night, these SBD balances are backed by a balance of VESTS. These underlying VESTS will be counted and added to the VESTS behind the Steem, and become the new JUICE balance.
The Steem Power will also be counted as of their VESTS value, and converted to Stake, which has the same denomination as JUICE. It's a massive simplification of the Steem currency system, that I think should have been done a long time ago for Steem.
It is in some senses, like a premine, but I know that none of these people premined their stake in Steem, so it was earned, as far as is possible, honestly. They either bought in, or earned it, whether or not the rewards that contributed were assigned by premined votes, does not matter. You have to draw some line. The public offer is now on, and you need only signify your interest to buy in, based on your share already existing in your steem account, as at last night. There will be no ICO, this is going to be the IPO for Calibrae. It is open, in a limited sense, to Steem account holders, but the likely situation is that maybe 100-200 people will sign up, and they will have their VESTS converted to Juice and Stake. From there on, once it goes live, everyone will otherwise be on the same level.
That makes sense, @andybets is in. Are reputations to be preserved?
Can you briefly explain what exactly the seed nodes do, and are they the same as p2p nodes?
I want to help bring these issues to light, but still need a few gaps filling before I feel I have sufficient knowledge.
Other than seeds, how far wrong is this picture?
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I approve, but still what are seed nodes? I don't understand their purpose, and can't locate the info!
Will you run condenser initially then, or never do so do you think? What about approaching the busy.org and chainbb devs, and just skipping condenser? No idea about allegiances. is the esteem creator (I forget who that is) a pre-miner who would be misaligned?
Thanks
What about my balance on the internal market?
My question was about having 500usd on the market and out of my public wallet.
Would I need to move that to a public space, perhaps the savings or live balance?
I don't care to keep my balance public, so putting them on the market for more than they are worth takes care of that for me while leaving the value liquid.
Yes, no privacy in steem, steemd logged my order, but the average user looks at my wallet and thinks I am broke.
I will just use the keys I have now to claim my calibrae account?