Oh yeah I knew that we members wouldn't lose anything but I was referring to them . Well yeah same here I like numbers
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Oh yeah I knew that we members wouldn't lose anything but I was referring to them . Well yeah same here I like numbers
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I didn't mean us members with my comment ;-)
I think it's also a kind of balance between rented SP, Steem from members who bought shares, number of active members, curation rewards and normal rewards.
I am impressed by the whole system and that it works with all these variables.
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You are right. One of the best programs on steemit. I love this.
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We are planning to write more about the relationships between each element and our sustainability soon. The 20% was approximate. We have 6102 enrolled accounts that have posted/commented in the last 28 days, and only 1021 votes on this post after 4 hrs.
Some of those votes aren't from our members (like busy.pay), but some are from inactive members that set us on their auto-voters a while ago. We could check against the actual member list, but it gets us in the right ballpark. 1021 / 6102 = 16.7%, which is actually lower than stated in the post.
We would need to check the actual SP composition of the remaining member base to identify the estimated impact if all members auto-voted, but our author rewards would be measurably higher.
As for the $10 scenario... we could extrapolate further to a theoretical limit of $100 or even $1000 upvotes and the outcome would be similar...
Our system tracks an rshares balance (pending upvote value, essentially) for each user and tries to deliver 20% of the outstanding balance on each post. After each upvote is delivered, it scans the actual block to see how many rshares were recorded by the witness and subtracts from the balance.
If we did receive a nice big ($10, $100, $1000) upvote, we would deliver as many upvotes as needed to return the value due over time. If that is sizable relative to our SP base, then it would temporarily drain our VP as that member gets full upvotes on each post, but the value received would be a permanent addition to our SP base. Once the full balance is rewarded to the member through upvotes, that permanent addition has no further cost to us and substantially adds to our sustainability.
So we are essentially paying a little more in upvotes short-term for a long-term boost to our overall sustainability.
Cool , thanks for the detailed explanation :)
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