It means you can't register through the web. Someone with the cli tools could still create an account for you.



That might have been me (reserved some common names of people I know early on). PM me.


There is a subtle flag for comments too. Look for it, upper right.

Incorrect. https://bitcointalk.org/index.php?topic=1485403.0

I am among the ~7.4 billion people on this planet who don't give a fuck if Stan is involved or not. However, I've seen no evidence that the is.

What's the incentive to lie. Few people in this world even seem to care outside of you.

If you mean the market cap reported by coinmarketcap they exclude some of the coins held by steemit that have never circulated, same as they do for ripple and others.


total SP = total_vesting_fund_steem

total Steem = current_supply

total Steem, assuming all SD converted to Steem at the current price = virtual_supply

@decentralized, as far as I can tell Stan has nothing to do with Steem.

Along with 99% of the users. There is no distinction that the blockchain can make between botnets and grandma.

No, the post payouts are determined by some function based on sum(votes)^2 not sum(votes^2) so user stake weights are basically linear. Post weights are quadratic giving the "lottery" payoff effect (also necessary to ensure that people who vote for themselves with no agreement from others end up losing on average), but it doesn't matter if one person votes with 10X stake or ten people with X stake.

An earlier version of the function was more heavily weighted toward larger stakes but that was removed (even though the extra weighting is a positive in some ways).

Human factors are a consideration that has to be part of the design of any system that interacts with humans. There is no distinction.

You can analyze the blockchain and look at how activity drops off on new accounts. Only posting and voting is visible (not reading) but I'd guess the number who read and don't even vote is pretty small (and likely somewhat constant so irrelevant to analyzing trends).

This is pretty easy to do and can be done in any scripting language, though you would need to compile and run a node (doing this kind of bulk analysis using a remote node would be impractical or impossible).

Tokens per signup is variable. The currently advertised promotion is $10 worth of Steem Power. Given the price increase that means tokens per new account are reduced to 2-3. In the future the promotion might changed.

Also most of the 57 million is held as SP which means it is earning more tokens. Of course if the price declines then a $10 effective signup bonus would require more tokens too.

@iamnotback, the license for the blockchain prohibits forking. It is more of a shared source model than purely open source. Graphine is open source but the fairly extensive Steem modifications are not.

This has very little to do with the internal market (the same prices prevail externally) and you are confusing units.

STEEM costs $4.45 USD on Polo, but only $3.09 SBD on Steemit-Market.

Now check the price of SBD on Polo and you will see that 1 USD != 1 SBD (in fact 1 SBD = about $1.40 USD). That's because the pegging method in use has not been very effective overall, but this is another issue. At various times SBD has been above, below and about at par with USD.


No, see above. Also the "Buy STEEM" function doesn't use the internal market. It can't because the internal market doesn't trade BTC, USD or any other external currency.


There are two levels of limits. The first level is things like time per post. That doesn't consider size (other than limits on the size of a post) is somewhat circumventable by creating more accounts.

The second level is stake-limited bandwidth, is not circumventable, and is based on size.

The first limit is more intended to encourage reasonable behavior by people with a reputation, or perhaps more importantly by compromised accounts with a reputation. The second is the real anti-spam limit. You would run out of bandwidth and your network access would be suspended (until bandwidth recharges) long before spamming 8.6 GB/day.

Don't use "convert" it will use a one-week future price feed which will probably be lower than present (although you could indeed gamble that the future premium on SD expands). Buy and sell is likely better.

Of course I don't. I agree on all counts except the small point on them making most of their SP early on. No payouts were made until July 4 and all posts up until that point had to compete from the same pool. This may have been somewhat easier than the current pool, but not by a large factor (in fact price appreciation since increasing the size of the pool is probably more significant).

BTW, speaking of Max Kaiser: https://twitter.com/maxkeiser/status/754110399666987009

That is certainly true. When the real talent arrives the results will ecplise what any of the current crop are doing. But that requires a user base and traffic large enough to support such talent as well. Most (a few early adopters excepted) won't be bothered at the current scale.

Even so there are some talented bloggers who can keep it fresh and continue getting an audience. I wouldn't knock $100s either, especially high hundreds. That's good income for a blog post, especially for those who post regularly.

Here are three that come to mind right away (there are more, including some very distinct styles). Only one is really a subject matter expert (steemship -- attorney) the rest are just effective writers and interesting if not exactly always likable personalities. All have multiple posts >$1000 and consistent $100s. Check their wallet balances. I don't think any of them have invested outside money, but I could be wrong.

https://steemit.com/@cryptoctopus
https://steemit.com/@steemship
https://steemit.com/@stellabelle

Part of the talent is keeping it fresh and not pushing one topic to the point of exhaustion. The best blogging personalities do it well. Subject matter experts are not always expert bloggers.

"Guaranteed"

My point was specifically addressing ICOs which claim high participation as a marketing technique. It is true that credit could be used to pump a market directly, but the lender is taking a real risk here, unlike the case of an ICO where shill buyers is just a fake transaction with no risk at all.

Anyway, yes some sort of credit could probably be arranged, even with risk. I kind of consider that to be "other resources" of which many variations exist.


Empirically some posters are consistently doing better. You could call that groupthink about which posters or types of posts to look for, but my observation is that it correlates with some expansive definitions of quality. I think the momentum argument is valid, but 'quality' (however you want to define that) serves as an early tipping point which determines which points start to get momentum. Yes I do think the beauty makeover had a form of quality, but other posts and posters with more 'substance' have as well. (Sorry, if we may disagree on the beauty makeover post, but that's a small point anyway,)

Their holdings are illiquid and quite transparent and only a small portion has been liquidated (and if you work out the numbers and think about the likely run rate for the development team, it has very likely been spent). They may have other resources, but there are no ICO funds and there is no huge warchest from already-realized trading profits.

Yes, it was a sneaky-mine and it was underhanded, but when it comes to lack of transparency and opportunities for manipulation it is miles ahead of coins like Dash or Bytecoin (and Ethereum) where a huge slush fund was immediately (or at least almost immediately) available with no accountability at all.


If it is sustainable, even not with he current typical post values, I expect the most successful personalities to become quite wealthy. Power law returns and all that. Already a few have made $100K. Obviously a portion of that is being an early adopter of something that didn't crash and burn immediately, and it is also illiquid, But some of it is just being a top talent in a system set up to most reward the best of the best.

No. I'm one of the largest Steem Power holders and if I vote on a post but no one else does (or not many with SP) it barely appears on the trending page (usually have to scroll down many pages to find it).

You have to get votes from a lot of people to appear high on the trending page.

Money shot

Steem is the first crypto that you can actually sell, at all, to regular people. Not saying everyone will be interested but the percentage is much, much higher than anything else, including Bitcoin (which most people respond with "I have dollars, why do I need or would I want Bitcoins?")