Topic: Crypto_2.0 / dump /{ data } - page 4. (Read 13933 times)

No, the post payouts are determined by some function based on sum(votes)^2 not sum(votes^2) so user stake weights are basically linear. Post weights are quadratic giving the "lottery" payoff effect (also necessary to ensure that people who vote for themselves with no agreement from others end up losing on average), but it doesn't matter if one person votes with 10X stake or ten people with X stake.

An earlier version of the function was more heavily weighted toward larger stakes but that was removed (even though the extra weighting is a positive in some ways).

https://steemit.com/@steemit/transfers

https://steemit.com/@ned/transfers

https://steemit.com/@dantheman/transfers


Those are steem founders's wallets, they own a shit loads of steem yes i know. They own about 80% of steem .


You know what's funny is that they tell you to power up but they are powering down all 3 accounts and cashing out $2 Millions every week.

And fools on poloniex are buying up all the steems hahah and best of all the founders's money is growing extremely fast so they have essentially set up a system where they could cash out $2M every week for life until the ponzi come crashing down of course but these devs are fucking geniuses.
And they get to decide what goes on the front page so obviously they chose to upvote boobs and steem praise, there is nothing better than vagina to prop up a massive bubble.

In 3 years all the new steem power that was created out of thin air to enrich the devs will be detroyed at a ratio of 10 to 1. So if you have 10 SP they will burn 9 from you and everyone else including themselves, But they don't care becasue in 3 years the devs will be in their private yacht  sipping mojito with lots of bitches while you will be powering down but it's gonna be too late my friend.

And you know what they say when you ask but why are you destroying 90% of my wealth in 3 year? They say don't worry  hopefully the price will increase to make up for it rofl It will not because they would have crashed it to pay for the yatch lol

RIP steem power holders.

Canadian Bank, Ripple and SAP Send First Int’ Blockchain Payment

Canadian bank ATB Financial has collaborated with Ripple and tech firm SAP to send the first international interbank blockchain payment to Germany’s ReiseBank.

ATB: Blockchain Success ‘Encouraging To See’

The 1,000 CAD transaction, which was completed in 20 seconds on a platform built in 9 days, represents a first in an industry where more and more players have been eyeing Blockchain’s potential.

READ MORE >>> https://news.bitcoin.com/canadian-ripple-sap-first-blockchain/

Steemit has absolutely no connection to circa-2009 Bitcoin tech.

It's part of the Bitshares ecosystem...
And though I've never been a fan of Bitshares...
Steemit is a very interesting experiment that could go big.

700 daily "active users" as of July 8th...
And the the hard part was getting that first, small critical mass of users.

There is a real feeling of excitement among Steemit users that bodes well.

- saddambitcoin

This is one of the more ridiculous pumps I've seen a while. Number #3 with a $246 million cap from just 1,500 BTC trade on Bittrex of all places.

It isn't an 100% inflationary system overall. The 100% inflation is applied to the liquid STEEM token to encourage people to shit or get off the pot. I.e. either power it up into Steem Power form or trade it to someone else who will. This ensures that at any given time most of the stake is locked and people owning it have incentives to care about the longer-term health of the system. Once in Steem Power form the effective inflation is much lower. The exact number varies depending on the percentage that is powered up but in practice will likely be single digits positive inflation. In theory it could be zero or negative inflation (unlikely though).

Did Steemit have an ICO?  I'm just wondering how it got funded.