RE: chainBB v0.3.0 - social feed, following, and forum subscriptions

[jesta]

5% wouldn't be enough to pay my cost of living, let alone an entire team to really push this project forward. 10% is the number I am aiming for, which could cover me and probably a few part time contractors. I went up 5% more to 15% in advance so I had 5% wiggle room and some space to allocate funds to community owners without having to hike the rate in the future.

If I had a mountain of cash like steemit.com had, I wouldn't be using this feature at all. Unfortunately though, I don't have a ton of money, just some time and skills to try and make this happen. I know I already responded to your other post, but figured I'd leave a couple more thoughts here.

Comments

[sadekj]

Thank you for the extra clarification.

How did you decide that 5% is too low? How many articles do you expect to be written on your platform? It is not the percentage only that matters. Volume is much more important.
I think if you lower the %, you will get a much higher volume and your income will be much more.

My 2 cents, wishing you the best of luck.

[jesta]

You're absolutely right, the volume is what matters the most.

Here's some assumptions and goals I based the calculations on:

• An initial milestone is to capture 10% of the overall network traffic (10% of posts originating from chainBB, currently hovering around 1%)
• 15% of those rewards split off to chainBB (with a portion of that going to community owners, let's say 5% for this example).
• Pre-HF19 the rewards pool was ~50k/day (which is when this math was done).

So if we say 10% of daily rewards (50k * 10% = ~5k/day/value) is what the users are generating via chainBB, and 10% of that value goes to chainBB via beneficiaries, that's around 5k * 10% = ~500/day/value that chainBB can generate. 500/day is roughly 182k/year in earnings, which is enough for:

• 1 (maybe 2) full time developers
• 2-3 small contract developers/designers
• Hosting Costs

Looking at 5% in this equation, you can basically cut it all in half. So 5% rewards @ 10% of network traffic would be ~90k/year, which would include a pretty low developer salary after hosting costs and some contract work are removed.

All of this thought was pre-hf19 (when distribution was stable) and assuming STEEM is approximately $1.5. Currently after HF19 the rewards pool is unstable and I'm waiting for it to become stable before I rework the math - it's fluctuating pretty wildly right now.

[sadekj]

Your calculations are reasonable. But you should take some factors into consideration:

1 - Steem is expanding daily and the number of users and posts is booming and expected to continue like that.
2 - After hf19, the rewards has increased dramatically.

Best of luck.

[jesta]

Both are true currently, but not guarantee's for the future.

1. This may cause me to relook at numbers, but it has to happen first. The same also applies in a situation where STEEM is now $5 or $50.
2. I have concerns with how this is playing out, the rewards pool is actually draining at a significant pace and I don't think the increased rewards we're seeing is going to last for much longer. Currently we're seeing 150k+ days of payouts, and the rewards pool itself has decreased by approximately 40% in the last week (from 1.8mm STEEM to 1.1mm STEEM today). There's still only ~50-60k being added daily to that pool, so I don't think it's going to be much higher than that in a couple weeks.

Thanks for engaging me on these topics - they're important discussions and I really appreciate the thought you're putting forth towards this!

[johnbakare]

clear on that wish he gets it and work true