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RE: What are VESTS?
Trolling is good from time to time, but having the real answer too :-) makes it a little bit less bad.
Having fun reading comments here.
Also, i see the link with description of vests given above.
The answer, it was in links above. Vests from what i see, are "stocks" in steem company. I write down, just to learn them myself (i see somebody below said that too) :-).
And they can be seen in steem power from what i understand now.
And quoting from the above post
"... What that number is really telling you is the amount of steem it would take to purchase the amount of vests you have right now. ..."
So... it will be some time to understand that things, but till then, lets have fun writing and reading here.
I find that "amount of steem it would take to purchase the amount of vests you have right now" is a bit unbelieveable. My wallet says my account is worth about $4 Steem dollars, but I have 8500 vests. There is NO WAY my account is worth $8500 US.
Lol, i was at the beginning then. From what i wrote it is understood that they are equal. But they are not.
It is a formula that make it right.
But for now you can see them and make conversion here:
STEEM DOLLAR TICKER
8500 vests = aprox. $4.1380
So, they are exactly what you have ;-)
This will help you for start.
I still don't know the whole calculations and allocation here. Maybe someday i will go to learn them.
Cheers
Thanks for the crack at an explanation, @ilvstranger. I noticed the calculator isn't working there, but above it states, "This tool converts VESTS in to STEEM. 1 VESTS = 489.94115909618 [Steem]". That can't be right. Seems like the decimal needs to move 3 characters to the left to be more inline with your figure above. Then my 1,034.005813 vests would be equivalent to 506,602 Steem, which would make the value in USD at the current $1.87 each worth almost a Million Bucks... LOL... So if I use your figure above of "8500 vests = aprox. $4.1380", then my 1,034.005813 vests would be equivalent to around $1.00. Unless your $4.1380 doesn't equal just over $4.00.
About the only other explanation I've seen here is that vests are stock in Steemit. So maybe that's why it's hidden behind so many veils, because of the regulators... LOL Anyway, this stuff is way too over complicated and almost seems to have been designed for that specific purpose and regulation seems to be the only thing that makes much sense. If that is the case, they should do away with it and simplify the system so that people can understand it.