Topic: Steem pyramid scheme revealed - page 66. (Read 107064 times)

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

Here's where it talks about the reverse split. https://steem.io/SteemWhitePaper.pdf#page=39

Thanks for the link. Paper says that when the split occurs all balances of steem are divided by 10 and all price multiplied by 10,that make sense but what happens to the Vest aka Steem Power balances?

They mean both STEEM and SP. I had explained the only reason they are doing that is they didn't want to add an extra two bytes for balances, and thus they must rescale them every 3 years.

Do I have to repeat this every two weeks, when someone new arrives and doesn't find the old discussion.

Sounds like you need to chill a bit. Anyway I got it now so thanks. If the price of steem doesn't go up and you have your funds locked in SP you are losing 10% value ( minus curating reward) every year , as an investor might as well buy some steem or steem dollar.

Seriously you need to read the thread. If you hold SP, the maximum is 6.7% and typically it is closer to 0% or even positive gains.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Pikachu45 on July 28, 2016, 09:52:06 PM

Sounds like you need to chill a bit. Anyway I got it now so thanks. If the price of steem doesn't go up and you have your funds locked in SP you are losing 10% value ( minus curating reward) every year , as an investor might as well buy some steem or steem dollar.

If you are a short term or medium term speculator, keeping Steem is probably the best way. The Steem is liquid, but it does not help you with voting power for the web page. Also, the liquid Steem does not participate in the Steem Power vesting pool. So, if you hold Steem, you are hoping more steem gets converted to steam power than the other way. The Steem dollar is supposed to strive to be pegged at $1.00. So far, that has not been the case. Probably, because it is the only liquid asset people are getting right now to dump right away after getting a score with one of their posts. You also get interest on the Steem Dollar holdings if it is worth below $1.00 USD.

Pikachu45

newbie

Activity: 14

Merit: 0

Quote from: iamnotback on July 28, 2016, 09:24:35 PM

Quote from: Pikachu45 on July 28, 2016, 09:17:16 PM

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

Here's where it talks about the reverse split. https://steem.io/SteemWhitePaper.pdf#page=39

Thanks for the link. Paper says that when the split occurs all balances of steem are divided by 10 and all price multiplied by 10,that make sense but what happens to the Vest aka Steem Power balances?

They mean both STEEM and SP. I had explained the only reason they are doing that is they didn't want to add an extra two bytes for balances, and thus they must rescale them every 3 years.

Do I have to repeat this every two weeks, when someone new arrives and doesn't find the old discussion.

Sounds like you need to chill a bit. Anyway I got it now so thanks. If the price of steem doesn't go up and you have your funds locked in SP you are losing 10% value ( minus curating reward) every year , as an investor might as well buy some steem or steem dollar.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Pikachu45 on July 28, 2016, 09:17:16 PM

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

Here's where it talks about the reverse split. https://steem.io/SteemWhitePaper.pdf#page=39

Thanks for the link. Paper says that when the split occurs all balances of steem are divided by 10 and all price multiplied by 10,that make sense but what happens to the Vest aka Steem Power balances?

They mean both STEEM and SP. I had explained the only reason they are doing that is they didn't want to add an extra two bytes for balances, and thus they must rescale them every 3 years.

Do I have to repeat this every two weeks, when someone new arrives and doesn't find the old discussion.

Pikachu45

newbie

Activity: 14

Merit: 0

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

Here's where it talks about the reverse split. https://steem.io/SteemWhitePaper.pdf#page=39

Thanks for the link. Paper says that when the split occurs all balances of steem are divided by 10 and all price multiplied by 10,that make sense but what happens to the Vest aka Steem Power balances?

Pikachu45

newbie

Activity: 14

Merit: 0

Quote from: smooth on July 28, 2016, 08:44:58 PM

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

I do remember the white paper mentioning the reverse split, but the white paper does not go into specific details on things like vests.

Apparently VEST was the old name for Stem Power

https://steemit.com/steem/@ned/long-live-vests-

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

Here's where it talks about the reverse split. https://steem.io/SteemWhitePaper.pdf#page=39

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Pikachu45 on July 28, 2016, 08:40:15 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

I do remember the white paper mentioning the reverse split, but the white paper does not go into specific details on things like vests.

Pikachu45

newbie

Activity: 14

Merit: 0

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

I have re-read the Steem Power section, the paper doesn't discuss anything about stock split or vest. I have read all steem thread that's how I know about stock split and vest but I can't find any technical details about these

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

Do you know where I can get the full documentation and which section of the whitepaper talk about vest?

When the white paper discusses Steem Power, it is talking about Vests. The white paper does not go into all of the technical details. You can read some of imnotback's explanations in this thread, or google and try to get a grasp of what is going on. To be honest, Einstein's Special Theory of Relativity is easier to figure out.

Pikachu45

newbie

Activity: 14

Merit: 0

Quote from: iamnotback on July 28, 2016, 08:16:07 PM

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

I had spent several posts explaining to magicacademy that a reverse stock split doesn't change the proportional holdings nor debase any one.

Did you read the whitepaper? It's odd that I can't find any info on stock split/vest and that no documentation is available.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Pikachu45 on July 28, 2016, 08:13:21 PM

Quote from: Pikachu45 on July 28, 2016, 08:07:14 PM

You guys don't know or just don't want to answer? I am new here so not sure if my post are even visible?

It is has already been answer upthread and the other Steem threads.

It is a complex answer and I guess we are tired to repeat. The Steem structure is very complex to explain.

OK thanks for your answer. I thought my question was pretty straightforward.

I had spent several posts explaining to magicacademy that a reverse stock split doesn't change the proportional holdings nor debase any one.

Pikachu45

newbie

Activity: 14

Merit: 0