And you could even just do a few days of SBI delegation and extrapolate from there. You can always use !sbi status to see how much value you've accumulated that hasn't paid out yet.
It was a very worthwhile discussion, because it tests the idea and checks how robust it is. I appreciate the points that you made and I would say that this proposal is not fully developed yet, some aspects will need to be developed as we go along and learn more.
All powered up steem automatically collects approximately 16%. That's part of the rules of the blockchain.
Then, the latest calculation for upvotes from SBI for SP delegated is 19.1% after curation. @josephsavage can confirm if that number is still correct. It was 2 months ago, but nothing much has changed since then.
Then, I took off a few percentage points so you'd be pleasantly surprised that it was even higher than I said.
The big point is, I worry that this sbinvest is either an "honest" scam...in that, he'll do what he says, but you should expect better. Or run by someone who doesn't really understand how steem works. 20% is less than you should expect for even just powering up yourself and voting like a normal user. It's definitely not an investment-grade return for Steem. and the fact that he "guarantees" it, but only a 95% back guarantee... Like, he could fulfill all his promises and still walk away having fleeced all his investors.
If I understand correctly, you're getting the 16% APR on SP from here:
... but this is 16.7% of total rewards distribution, or 16.7% of inflation rate more accurately. And the inflation rate is only 8.3843%, making the APR on holding SP approximately 1.40%
Which if you stack with this morning's 18.03% print on SP delegated to @steembasicincome, is about on par with a 20% return. Still... if they're making guarantees on something launched right before HF21 is released, then some skepticism is warranted.
Well, you could power up and delegate to @steembasicincome and at the end of the year, you would have approx 32% more steempower than you began with.
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That would be a good comparison experiment. I used to delegate to sbi, I would have to remember to keep the delegation there for a year.
And you could even just do a few days of SBI delegation and extrapolate from there. You can always use !sbi status to see how much value you've accumulated that hasn't paid out yet.
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Hi @improv!
Structure of your total SBI vote value:
To reduce blockchain clutter, you can also check your status in our Discord server!
https://discord.gg/VpghTRz
I have a bonus unit? How'd I get myself a bonus unit?
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Good news!
Might have picked one up from one of our airdrops...
And you'd have to track the upvote value you received from them.
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So how do you know it's 32%?
Looks like I'm the one who has to eat my words and the didn't understand properly
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It was a very worthwhile discussion, because it tests the idea and checks how robust it is. I appreciate the points that you made and I would say that this proposal is not fully developed yet, some aspects will need to be developed as we go along and learn more.
All powered up steem automatically collects approximately 16%. That's part of the rules of the blockchain.
Then, the latest calculation for upvotes from SBI for SP delegated is 19.1% after curation. @josephsavage can confirm if that number is still correct. It was 2 months ago, but nothing much has changed since then.
Then, I took off a few percentage points so you'd be pleasantly surprised that it was even higher than I said.
The big point is, I worry that this sbinvest is either an "honest" scam...in that, he'll do what he says, but you should expect better. Or run by someone who doesn't really understand how steem works. 20% is less than you should expect for even just powering up yourself and voting like a normal user. It's definitely not an investment-grade return for Steem. and the fact that he "guarantees" it, but only a 95% back guarantee... Like, he could fulfill all his promises and still walk away having fleeced all his investors.
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If I understand correctly, you're getting the 16% APR on SP from here:
... but this is 16.7% of total rewards distribution, or 16.7% of inflation rate more accurately. And the inflation rate is only 8.3843%, making the APR on holding SP approximately 1.40%
Which if you stack with this morning's 18.03% print on SP delegated to @steembasicincome, is about on par with a 20% return. Still... if they're making guarantees on something launched right before HF21 is released, then some skepticism is warranted.
So a anything that beats 9% is acquiring more steem than inflation?!?
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Thank you for your help @josephsavage. Good point about HF21.
Oh! My bad, then!
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