RE: We are launching a new service called Steem-Forever
You don't explain how this is achieved.
I'm pretty sure the funds won't be coming out of your own pocket so I'm assuming this must come from the percentage share you earn when someone posts via your site. If so, could you tell us what your platform percentage share is, please? and how the new vote rewards are calculated? Is it a set amount for each vote or does a voters SP have any influence on the rewards?
I'm also assuming you guys have done the math and it will remain a sustainable concept in the future once your traffic levels increase for longtail content appearing in search engines and it is mostly older content that is getting the votes.
I do like the idea and I hope it works but it does make me wonder why this hasn't been implemented on STEEMIT? What I mean is, if Steemit reduced the weekly bounty of the entire platform by the same percentage that your platform is receiving, they could then reward EVERY vote ever given on Steemit. Pretty sure most people would prefer lifetime vote rewards for their content in return for a tiny insignificant reduction in their 7 days rewards.
I haven't looked at the code, but basically they write a comment to that older post that you want to upvote, and set the beneficiaries as the author... although now it looks like they're only setting the beneficiaries to 65% instead of 100%. Any post/comment can have beneficiaries set... Steemit just hasn't built that functionality in yet... but it's all there available on the blockchain.
We are creating a comment, and let users upvote this. We hide this complexity in the UI so that it is as simple as upvoting the post.
We keep a percentage of the rewards and are sharing at least 65% of the rewards with the original author.
I hope this screenshot helps.
When you upvote a post, after 7 days in our UI, we create a comment and use your upvote on that comment. We share the reward with the original author of the post and display in our UI how much the post has received via forever upvotes in green and original upvotes.
over time a post can generate more and more rewards this way.
Does this make more sense now?
It does and thank you for sharing. I like the idea, its quite intuitive. I wish you every success.