The Pot of STEEM #4
Welcome to The Pot of STEEM !
The rules are simple:
- Send a tip of no less than 35 STEEM tot The Pot of STEEM ( @tpos ).
- On the payout date the pot will pay equal amounts of STEEM to all participants.
Easy, right ? :) But there are some restrictions:
- All tips below 35 STEEM will be treated as donations and senders won' get paid.
- Lowest value tips will be refunded (lowest meaning the bottom 20% tip values).
Check the transfers and pot's current balance here.
Have fun :)
Post to support the efforts:
https://steemit.com/steem/@barrydutton/have-you-heard-of-the-pot-of-steem-ongoing-community-payout-project-going-well-whale-and-your-participation-would-be-awesome
Thanks!
You are welcome, I appreciate the work you guys are doing like I said y-day.
@craig-grant said he would like to see more support and posts and awareness, not just people taking their rewards and I have always focused on #Community / #Engagement minded posts.
Great playing along, I would suggest that maybe the 20% lowest on the TPOS should only receive 70% or even 80% refund and add the other percentage to the pot, this will make the pot bigger and easier for others to add more.
I don't agree giving 70% -80% refund for small fishes is right.. by giving 100% refund, nobody will hesitate to invest in pot of steem.....
true
It's true, yes, but not that I or anyone ells wants to benefit out of this, it's actually pointless if someone invest and get no return or loss on there investment. this was only a thought that might help the growth of this tpos.... DON'T BE THE BOTTOM 20% you stand a chance to loose an odd percentage. .. but all is well like I said, it was only a thought and I do love @TPOS .
i think the 70% refund rule could be tried after about 13 cycles of the pot and there are about 100 participants who know how to play the pot very well
I think it's a good idea because people with more will contribute, get a loss sure when you add in 150 you won't get 150 because no one else will chip in that much, but that would boost the small ones and they aren't getting a free lunch either so it's more of a normalization of Power, going from top to bottom, but spilling in the middle and spreading out the most there.
Good idea.
I'm already 20 Steem ahead from just one pot. Chipped in 41 got 60 something.
Abut your idea yeah I agree with @craig-grant below, my idea would be they get 35 returned and the rest goes to the pot so if you add in 50 and are in the bottom you will lose 15, which is a lot, so I'm not sure if and how a fish like me from 2 weeks ago would handle such a loss :D
But if it works, don't fix it is a good mantra :D
Pot rules anyway :), once of the simplest and still well thought out games on here. Not based on luck, not based on odds. Or popularity. Just pure redistribution with a nice marketing behind it :). Resteeming :) to keep the pot hot :D
I like the 35 steem refund and the rest goes to the pot idea, ads tension and excitement, and it's easy to explain
@murh loosing to the pot is fair, as it's evenly distributed to all the winners, and not some guy at the top
We can try that at this point when the lowest 20% are equal or slightly higher than 35 STEEM ... However with more "high tippers" the 20% "bar" will go up and the loses can be pretty large ... on the other hand now the ones who lose the most are those who tip the most which is not exactly encouraging either ... So maybe there's some balance in that ... Let's try that in #5 on monday :)
Yes, but if the pot is big the losses will be bigger. That occurred to me when I thought it through, my next idea was to increase the starting pit, but that makes the game different. That's why the soft percentage way seems a bit simpler and better. A flat approach is good too, but it will hamper growth a bit. Maybe we can open more pots :D actually, bigger ones, smaller ones.
Some "minnows" would love the chance of earning 5 steem on their 5 steem entry. :) we are getting somewhere, I have to add to another pot now :)
@j3dy small pot of 5 steem may generate tons of payments to be processed and would not be worth the effort without an automated way to process payments
it's a great idea, simple and strait, would be nice to see that rule in the next round
Big problem. For some reason I can not see my History in my wallet. I can see the history of the payout from @tpos to make a decision on my next tip. Is it just me or do other have this problem?
The history on steemit.com doesn't seem to hold for too long - use other sites instead ex. https://steemdb.com/@konelectric/transfers
I know I can get around this with a little work. But that's the point. This is suppose to be fun. No hoop to jump through. I know this has nothing you can control. So I'll stop ramping.
so whats the point? how does this work?
May I ask please as nobody seemed to be having this problem...how to get the hidden ACTIVE KEY? I can't do any transfer. Thanks.
https://steemit.com/@immarojas/permissions