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RE: Steem related apps with YOUR POSTING KEY, and beneficiary percentages. What you need to know.

in #steemit7 years ago

I've often thought the beneficiary features were a tricky proposition. I mean, how many people would knowingly be willing to give away up to 15% of their post awards. I had also brought that up a week or two ago in a discussion, and someone mentioned that on chainbb, those fees are slightly mitigated by the fact that for now @jesta upvotes each post made via chainBB.

Currently, every post made via chainBB is getting a 0.05% upvote from my account. While my account isn't as large as many others, this tiny fraction of a vote still awards $0.20 in estimated value, and doesn't drain my voting power quite as harshly as using larger percentages. Over the last 12 hours I've cast votes on roughly 350 posts made via chainBB and my voting power has remained quite steady above 99%.

Link: Running my own curation trail experiment to promote chainBB testing/feedback

Of course, while that may average out nicely to offset payout reductions on some posts, for an extreme example, let's say your post hits $1000. The thought of giving up $150 of that for posting somewhere other than on STEEMIT.com may leave at least a few people with a slightly sour taste in their stomachs.

As a possible solution, in an upcoming hardfork a feature could be added that would enable developers to optionally set a "maximum shared value" per post (ie. 15% up to $1 post payout).

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