You are viewing a single comment's thread from:
RE: JerryBanfield Voting Bot Coming Back Online: Terms and Conditions
Let's do some maths of this seemingly genius system to help people earn:
When you delegate 250 Steem you will breakeven at:
- Currently 1 Steem is 2.26 USD and 1 SBD is 1.67 USD
- 250 Steem is 565 USD
- Assuming price stays the same: One vote of $0.5 will get you
0.5 X 0.75 (author rewards) = 0.375. Lets say you choose 50/50 rewards so 0.1875 USD will be paid in Steem (which is 0.08 Steem) and 0.1875 will be paid in SBD, which is 0.1875 X 1.67 = 0.31 USD. Lets assume you convert the SBD to Steem you will get 0.14 Steem. - So effectively you will get about 0.14 + 0.08 = 0.22 Steem if the price stays constant.
- To break even you would have to make 250/0.22 = 1136 posts.
- If you would post once a week it will take about 3 YEARS to break even.
- This calculation doesn't include the curation rewards you lose that all goes to jerry. (you get about 10% of the 250 steem in curation rewards so in 3 years about 75 steem will go to his pocket)
- In terms of investing this is a really bad deal as you don't only lose curation rewards, but also the time to make the posts. This is just wrong for many reasons @jerrybanfield. Under this system I only see people going to spam more as who want to wait 3+ years to get their investment back. Especially in the crypto world there are much better investment options for the 565 USD.
Jerry has God who you always talk about send you to help people or milk them for your own pocket.
Thank you for helping motivating me to turn the bid bot back on which pays out delegators better than any other bid bot (because I include curation rewards) automatically every day!
You obviously didn't read the comment...
Do we have to pay 13.5$/minute for you to even read?.
Yes @macchiata as the personal assistant to Jerry and emissary of the royal penis, I handle all transactions regarding this matter.
Nice Post .....!!!!!
only two days ago you made this comment...the steem was $2.26...how much is today? $1.81...if this does not change, beyond all the optimism of jerry, will continue to go down...why? I've been saying it for a while...for the bad distribution of wealth...while this sale of votes continues exist, like the one that jerry proudly offers, everythings will be worse...but if they continue with that, it's not us who are going to lose more...will be especially those who have more, like Jerry...Stop selling votes, and start delegating more cheaply...so we will distribute wealth better and many more people will be benefited...if this happens people will start to trust the platform and not abandon it...And what happens if people trust the platform?
if people trust the platform they will also trust our currency (steem sbd)...And what happens if people trust the currency? increases its value.
I do not have much confidence that this happens.
Jerry? Do you want a strong currency?
stop doing everything necessary to make the opposite happen
Word!