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RE: How To Make Money in a DAO

in #dao7 years ago

The Steem blockchain distributes roughly $7,000+ (someone help...I don't know what current amount is) per day to the people who participate and contribute to it.

Your information is waaay outdated, I just run a simple script to collect all posts created in last 24 hours( including the ones created few seconds ago that are worth 0) and I got around 21500 posts, with total pending payout value of 213,317.22 SBD! The price of 1 SBD is around $1.49 on steemit's internal market, considering this price, steem distributed around $315,000 only in the last 24 hours. I really didn't expect amount this huge. This is outstanding!

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omg, i had no idea...thanks for doing that.

no problem, but I just realised that I did not count comment payouts, just posts, so its probably much more. I'll have to do one more calculation :O. I may even write a post about it

Heres a 13 cent Full Power Upvote from me @stellabelle ;) dont worry about the outdated info, its a good thing u diid that, because now we have a seperate highlightedtop comment disussion revealing steemits TRUE distriibution of $315,000 over the last 24 hours!

Now is this refering to how much steem is given out to posters an commenters an curators everyday? because I read about a few weeks ago that there is about $137,000 a day given out in steemit, I thought it was because thats how much steem is just mined y the witness nodes, I was wrong and @neoxian corrected me, and told me how new steem isnt "mined" by a witness, witness just wtnesses transactions, but i ddidnt think transactions HAD a fee on steemit i thought transactions were free, and so how are witnesses maing money off rhe transactions? Neoxiantold me there is a set inflation rate? I just assumed the new steem that is mined by anyone , a portion goes to he rewards pool... I guess my real question is, HOW is the rwards pool filled? I googld this and here is what I found!
https://steemit.com/steem/@steemrollin/steem-where-does-the-money-come-from
hahaha a post that has YOUR comment in i from a year ago!
"Steem is similar to publicly traded company shares. The amount of Steem doubles each year so there is signficant dilution for those that hold Steem, however like many fast growing startups a rapid increase in value may outpace the dilution. Just like company shares (ie. stocks) these digital assets have value as more people use and contribute to the ecosystem. The estimated value of the total outstanding Steem assets is currently about $20 million on Coinmarketcap.com." haha now at halfa billion dollar marketcap, and i dont think the amount of steem continues to double each year....does it?

haha from your comment it seems like u got it!

I feel like that post actualy didnt answer the question! WHERE does the money from voting come from? Noone ever talks about the rward pool or what fills it? Like i STILl cant find a singe post expplaining it and that worries people! I should really make a post explaining exactly how the rwards ppool fills up because i literaly cant find the answer if i google search it and god this is frustrating! and i was TRYING to make the cimment with the answer but so far i can only GUESS that steempower somehow fills the rewards pool! right? man ima go ggoogle it againthis sucks why ist there a clear anwer to this questionyet!?!?! its very imortant for newbies! some peopel wont join untill they know its a sound system, but ok i gues the witnesses can all change the inflation rate, i thik its like oone or two percent a year now right? it doesnt doube every year anymore or does it?