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RE: [BeyondBit Bounties] It's Time for Steem to have a Crypto-Friendly Bounty System! (Doubling the Orig Bounty Rewards with 8000SBD of Beyondbits for Each Winner!)

in #steem8 years ago (edited)

I looked at your accounts via https://cryptofresh.com/u/hqmafa420

You transferred 2 SBD over to openledger and acquired 3 WHALESHARE. Respectfully, I think you're conflating a usability issue with a trading one. This is also why I have WhaleBoT in the room to update everyone on price changes, votepower, etc.

  1. Try and get some tokens FREE! <-- best option, right here!
  2. What's the cheapest way to get BTS from SBD? blocktrades? offering on BTS market?
  3. I need some tokens for my post! How much?
    WHALESHARE last trade 2.52, bid 2.52 x 3.98
  4. I want 2% upvote. How much would that get me?
    "whalebot vp whaleshare 2%" <-- in discord chat room
    or use steemnow.com, @officialfuzzy, "Your upvote is worth 2%"
  5. 2% vote (right now) = 0.70, or 35 cents each
    ** (remember this value, like all the numbers here, are constantly changing)
  6. 2.52 bts * SBD$0.15 = 38 cents! still too much! maybe I try to win some instead!
    ** even at the bid, it will still cost me more than I can make now!!! screw that! why do these "crazy" people want to pay so much??? Maybe they think it's worth it for the attention and/or to help reach the hot-lists. doesn't matter, it just "is what it is". Each quantifies "value" in their own way.
    *** (ie. hey, I think they're worth less than this! Gonna try and get some .. free or bid for them .. and OFFER them on the BTS market for 3.95 BTS each! :D)

And that's more or less how you should look at it. If you buy them on the market, each person must determine for themselves if the "juice is worth the squeeze". Also remember the nature of all the moving parts, that all the prices are changing constantly as well, just like with STEEM and SBD. In a week, STEEM maybe 25% higher... or lower...

I hope this explanation helps you and others understand a better way to analyze and quantify the token values, in case you decide to try them again in the future.

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damnit alex. i sincerely love you man. you get more beyondbits....

pl check yr mail v v urgent

wow, wasn't expecting that, but thanks fuzzy! 🤗

Wow. That looks like it's really easy for most users to understand.

well, I didn't say it was "easy", I just did my best to "break it down" a bit. guess there's always room for improvement! :)

maybe this is better, short and sweet: "obtain token at great price, get great reward!"