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RE: Marketing experiment for business sector. Resteem this post for a chance to win 100 SBD. All upvote proceeds donated.

in #steem • 7 years ago

All upvote proceeds donated.

You say you will donate the proceeds, yet have declined pay-out, so all votes to this post will be sent to @null and burned. I wonder if you are aware of that? As far as I know, you are simply destroying steem rather than donating it back to the reward pool. It would be better (I think) to actually take the proceeds and then award the earned steem to someone.

Anyway, I am now a follower and have re-steemed this post.

7 years ago in #steem by
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     7 years ago (edited)

    Hi @happyme

    Here is the official statement on this from the whitepaper. I certainly hope this has not changed.

    Payouts
    When a post receives a payout it takes the form of 50% SBD and 50% SP. The Steem Power give the user increased voting and transaction power while the SBD gives the user an immediate benefit in a stable currency. As we’ve already discussed at length, SP is designed to encourage long-term holding rather than short-term selling. This encourages more users to have a vested interest in the long-term success of the
    platform.

    Users also have the option to be paid in 100% SP, as well as decline payout on posts. When a user declines payout on a post, the money that would have been paid to them remains in the rewards pool, to be distributed to other users.

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       7 years ago 

      Oh sweet. I always read that it gets BURNED. Is that the 1st white paper or the 2nd that you got this from?

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         7 years ago 

        It is dated August 2017. I believe this is the latest.

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           7 years ago 

          Ok, sweet. I think all the stuff I had read was based on the old paper then. THANKS!

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             7 years ago 

            No problem -- very glad they are not getting destroyed!

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