RE: Update: One Bitcoin Club a Work-in-Progress. Right?
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So not exectly (or close to) the 30% are paid out in Satoshi, but only if "certain" accounts upvote? Why that?
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to prevent hive rewards being exploited
OK, I get it and agree, but how I can then calculate my rewards? Is it just random? When 30% of the author rewards are taken, there should be a kind of reliability of what to expect. 30% is not a small amount.
We will soon set it so that you can chose which type of payout you want. (50/50, 100% HP or insta lightning for 30% beneficiary).
The 30% is there so that we do not lose money on the lightning we give away. We do not make a profit and we fund the wallet that pays for this. (@btc4content). if we end up in a scenario where we make more than we give away, you can see the wallet and confirm that any extra we made, we gave back to the community. in the case we have surplus we will give away bigger lightning rewards most likely.
"We do not make a profit"
Well on my last post where I wanted to try out OBC I have potential rewards of >15HBD (after split) and I still just got 1165 Sats, this didn´t even cover the transaction fees I had on depositing 5000 Sats to xverse which were 7000 Sats!
Suggest to send some more Sats, latest after the payout date. If you transfer just 1000 Sats regardless of what your 30% are, it is close to fraud.
I know you don´t want to have Hive users exploit the system, but seems you are exploiting it currently. I am currently writing a detailed post about OBC, so you can still shape how it will look like.
if you can show me where this account ((@btc4content) where the beneficiaries are paid to) makes a profit i would be very glad!
Its not close to fraud. it says that the beneficiary is 30% before you post. you could always just take you own rewards from other posts on hive and use V4V to cash them into sats. This system is really aimed at newcomers to the chain to give them an experience of earning sats for their content.
I am not exploiting the system. This is testing phase. there are no guarantees, for anyone. We are all just having fun, testing out. In cases where the rewards are higher than say 5 usd, your rewards are actually contributing to building the system. consider it a tip. other than that, id suggest you refrain from posting to OBC and certainly refrain from using words like fraud in public. keep that type of talk in DMs, lest you give me the impression you are being disingenuous with your feedback, about which ill give you the benefit of the doubt and assume you are using to try to improve relations with me and improve the one bitcoin club system too
If you want to shape how it looks, you build it yourself. Its all open source and anyone is free to copy it.
The system is a not for profit system and all rewards (if it ever breaks even) go back to the community.
Over time we will look to adjust how the rewards system works when users get larger rewards. One thing that @breakaway-dev is working on is to give the user the option to select 50/50 rewards, 100%HP rewards or 30% beneficiary + lightning tip. we have not built that yet. The system is new and there are still many many bugs.
I get it and sorry, I didn´t mean to be rude but was hoping that the payout in Sats more corresponds to the total reward output. That it corresponds ZERO is something that should have been better explained upfront.
For sure this is not a frontend for seasoned Hivians, I just wanted to give it a try. I hope you will be able to bring some non-Hivians to Hive, but for this the laggyness needs to improve.
its early days, we are testing out things. if the tech works, its a great thing anyway.
Its taken 3,5 years of work to get to this point. If you want to contribute to help speed things up, this would be great!
I am not a dev, just content creator and investor.
Lol, yes, Trust me I love the laggyness less than anyone. I pay for the laggyness. I want to pay more for it to go away!