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RE: Thoughts on the Worker Proposal System for Steem

in #steem7 years ago

You haven't answered my question again, which is to put STEEM and EOS in terms of equal market caps and then calculate the USD value of your witness earnings which you so misleadingly stated is 10x less on STEEM than it is on EOS.

My main point was exactly what I wrote in the main post as well as in my previous comment to you - it's about the direct token-to-token rewards between the two dPos blockchains for BP. (read it again if you didn't understand it) The USD evaluation has nothing to do with it. That was simply a juicy detail so people understand why some witnesses have jumped ship in the past.

why don't you start witnessing on EOS then?

I'm loyal to Steem and I see a future for this platform. And this requires me to speak from the truth. I'm very grateful to be a consensus witness and for the rewards, I'm earning with it and I'm not complaining. I'm simply observing what happened in the past to understand what might happen in the future and I want witnesses to stay with STEEM and to bring value to STEEM.

I'm not promoting an increase in witness rewards - instead I simply talk about why the current reward-percentage is not too high and shouldn't be reduced - witness rewards were actually already reduced by 80% in the past. Read the comment by @smooth to learn more

I value you as a witness for all that you have done for this place in the last couple months with getting Steem on all of the dapp radars

My pleasure and thanks!

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Ok, since you continuously don't want to answer my question in a meaningful manner but instead keep dodging the real question, even stating how the USD valuation has nothing to do with it which I highly disagree with as it's apparent from your post that it is just no true, LET ME DO THE MATH FOR YOU AND MAKE WHAT I'M TRYING TO SAY CRYSTAL CLEAR TO EVERYONE.

Since you are comparing STEEM to EOS which has 26x higher market cap which I repeatedly stated is an unfair and misleading comparison, let's see how much you would be earning if STEEM had the same market cap with EOS.

So, now you are earning about 10k STEEM or close to 3000 USD/month for an investment of anywhere from 200 to 500$/month. Feel free to correct me if I'm wrong.

If STEEM had the same market cap as EOS today, the price of STEEM would be 8 USD per token.

Meaning, that you would be earning 80 000 USD/month!

EOS witnesses currently earn anywhere from 53 000 - 61 398 USD/month.

So, if you made a FAIR comparison, which you FAILED TO PROVIDE out of the obvious reason of deliberately providing misleading information, as a STEEM witness you would be earning at least 18 602 USD/month more than what an EOS witness currently makes.

To dissect exactly what is happening here, we have a witness ((0.00002%) one of 20 who earn such an over the top amount) misleading the public and not wanting to even consider taking a reduction in the insane paycheck he is getting for the betterment of the entire blockchain, but he would rather want the 99.99998% (content creators) to take the hit instead. HOW FUCKING NOBLE OF YOU SIR!

Here, take this medal of honor as my sign of deepest respect towards your selfless behavior.

Once again you helped to prove how the Steem world is not much different than the real world. The 0.00002% making a living on the expense of the struggling 99.99998% .