Hi, the developer, @heimindanger, points out in his blog post annoucing the 0.2 updates the following " The 25% fees will cover the development costs, for a couple of months, then once the project is solid and we stop working on it, paying the fees will only remain as a defaulted option."
It goes on to read "The total earnings of @dtube can be seen at https://steemdb.com/app/dtube/earnings (built by @jesta). As you can see, we are averaging 200 SP per day. That is a lot of income and it is enough to find a competent second developer as well as a designer to help this project going faster. I am already in the process of interviewing and will pick wisely."
In his initial blog post revealing DTube, the following is said in relation to the costs of hosting the content "I have recently created the @dtube account. This account will be used to collect 25% of the DTube author rewards. 10% of these fees will be used to pay for long-term storage of the files on IPFS Store. The rate is $0.044 per GB per month. So, for example, let's say you upload a 100MB video, that earns $10 rewards, then $0.25 will go to @nannal and ensure data redundancy for ~57 months. Once this time is passed, users will need to either pay themselves (crypto accepted of course) to keep the files being seeded, or seed it themselves directly on their own PC and connection."
25% of the author reward? So that means 25% goes to upvoters as curation reward, 25% goes to DTube and the authors only get paid 50% for their efforts. What's the point of using DTube?
@heimindanger, Thanks for stopping by and explaining it. However, I'm still confused about the maths. I know curators get paid 25% of any post and rest 75% goes to the author. However, in this scenario, your're saying an extra 18.75% is deducted from the author's rewards and goes to DTube. isn't it a matter of loss for the authors? Am I missing something/the point? Please explain.
Also, if the core point is posting videos on steem blockchain and earning rewards from it, can't we do the same by posting our YouTube videos over here? What's the difference? Please explain, I will appreciate it.
Hi, the developer, @heimindanger, points out in his blog post annoucing the 0.2 updates the following " The 25% fees will cover the development costs, for a couple of months, then once the project is solid and we stop working on it, paying the fees will only remain as a defaulted option."
It goes on to read "The total earnings of @dtube can be seen at https://steemdb.com/app/dtube/earnings (built by @jesta). As you can see, we are averaging 200 SP per day. That is a lot of income and it is enough to find a competent second developer as well as a designer to help this project going faster. I am already in the process of interviewing and will pick wisely."
In his initial blog post revealing DTube, the following is said in relation to the costs of hosting the content "I have recently created the @dtube account. This account will be used to collect 25% of the DTube author rewards. 10% of these fees will be used to pay for long-term storage of the files on IPFS Store. The rate is $0.044 per GB per month. So, for example, let's say you upload a 100MB video, that earns $10 rewards, then $0.25 will go to @nannal and ensure data redundancy for ~57 months. Once this time is passed, users will need to either pay themselves (crypto accepted of course) to keep the files being seeded, or seed it themselves directly on their own PC and connection."
Now in relation to why someone would want to use this platform, I do urge you to read his blog posts: https://steemit.com/video/@heimindanger/introducing-dtube-a-decentralized-video-platform-using-steem-and-ipfs. Essentially, you post whatever you want and as long as you are around, that content can't be controlled.
Shenanigans! I'm declaring shenanigans. It might cost bandwidth but it doesn't cost SBD or Steem.
Someone mentioned in his post that it costs 10% of the total earning for that post.
Yes DTube takes 25% of author rewards! Thank you for mentioning this because I will edit it to make that more clear in the post!
25% of the author reward? So that means 25% goes to upvoters as curation reward, 25% goes to DTube and the authors only get paid 50% for their efforts. What's the point of using DTube?
@heimindanger, Thanks for stopping by and explaining it. However, I'm still confused about the maths. I know curators get paid 25% of any post and rest 75% goes to the author. However, in this scenario, your're saying an extra 18.75% is deducted from the author's rewards and goes to DTube. isn't it a matter of loss for the authors? Am I missing something/the point? Please explain.
Also, if the core point is posting videos on steem blockchain and earning rewards from it, can't we do the same by posting our YouTube videos over here? What's the difference? Please explain, I will appreciate it.
@heimindanger, Very well defended. Thumbs up.
@heimindanger thank you very much for participating in the discussion here with your thoughtful replies!