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RE: Still Cleaning Up After Hurricane Harvey
It is such a bogus system of rewards. It could use a step back and a redesign for sure. Let's see if 25 SBD can be converted to Steem Power more effectively by boosting verse buying in the market. My guess is it can and this is why the market internally is less liquid.
I have experimented quite a bit with this, the key is the payout period. The market for boosts is set between two parameters, the 3.5 day mean price and the current market price. You make a lot more if steem/sbd is relatively low when you boost and relatively high when it pays out.
Has this been your experience as well? Feel free to share with me any of your learned tips and/or tricks!
Yes this has been my experience also. I'm not sure how reliable long term it is. The investment of currency for marketing that can then be flagged for no reason makes me nervous really to invest large amounts this way. We had originally planned to structure our voting bots to support community members and allow for basically staking a vote amount when buying our currency Stish. We scrapped these plans 100% due to flagging abuses and no corrective measures. So essentially we had planned to raise 3.5 Million and invest most of that into Steem but it is too risky for most investors.
Yeah I noticed that you found berniesanders. Not sure what his long game is, but he does seem to bother a lot of people. So whats the plan with stish.it? I heard that it was on ethereum but you'll have to get more transactions than can be practical on that one....
What about a SMT when those come out?
SMT were supposed to come out last year. We decided to launch on Ethereum but might consider SMT in the future still as Transaction fees are rough. The Ethereum network did lower mining fees this week to make way for POS vs POW and that should be interesting to see the transition play out. We just had a hard fork and increase the currency supply and made the currency more secure overall plus added more abilities to build dapps off of the currency. The old token served its purpose for the original plan. The Platform is growing and I look forward to seeing more adoption soon. We have not advertised really which is good as we were in beta and still are testing things.
We are testing light wallets now for all members so that they can have access to the top wallets for liquidity. They can use these to tip members by name or make purchases easily. This functionality will be added to Stish once we raise the needed funds. The end game is to have Members be able to easily earn Stish and use it from Stishit. So they can tip each other with Stish or trade it for another currency from within the platform. Ultimately we want to simply the whole crypto business so everyday people can get involved. It hasn't been easy but from where we were to where we are is huge!
With our hybrid build we are taking advantage of the best of both worlds. https://Stishit.net or https://Stish.io is becoming a leader in micro crypto economies and after the Token Event I look forward to seeing where we end up trading on some real exchanges. I think we will do better than many expect.
Stish rewards are auto generated also but the tipping feature by name can be used to give a favorite author a huge liquid bonus right now! (for clarification) The Stish rewards platform is an equitable platform with daily caps and limits. Scammers beware as there are many built in metrics and converting Stish Credits into Stish crypto carries a bit of scrutiny to avoid the scammers.
This is very interesting to me! An extra layer of protection, I think could be used very well - although one always must be careful, an independent 'extra layer' on steem (bernie) has made some type two errors (false positive).
Hey