Hey, is there a Whaleshares For Dummies? I still don't exactly understand this, as I have not been closely following everything. Thanks for this very enthusiastic post.
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Hey, is there a Whaleshares For Dummies? I still don't exactly understand this, as I have not been closely following everything. Thanks for this very enthusiastic post.
Fuzzy is basically giving delayed upvotes to people who he thinks deserve them, based on the (mostly artistic) work that they do to spruce this place up a little bit. They are in the form of tokens, and they actually trade on the Bitshares decentralized exchange. You can trade for them on the exchange, or you can do something creative and win them. Once you have them, you can trade them on Bitshares, or you can use them to upvote content on Steem, or you can hoard them, as I am trying to do. When you use them, you transfer one or more of them back to fuzzy with instructions, just like you would make any other transaction. 1 token gets you 1% of his steemit account's current upvote power. 100 tokens transferred back to him gives you a full-power upvote. The tokens are not destroyed, but rather recirculate back from the whale's Bitshares wallet to whomever new the whale wants to share the token with.
Think of it as a banked, tradeable upvote. It also creates a really nice synergy between Steemit and Bitshares, which are peas in a pod.
I hope that was concise and accurate enough.
Someone please correct any wrongs :)
That's actually pretty cool idea. Interesting to see how this develops.
YES! Go to google and type in "whaleshares tutorial" and see how we have like 7 of them because we did a contest WITH WHALESHARES to pay for them ;)
This is why I MADE community coins. (not some who pretend they invented them to steal the limelight and attack me at same time)