Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS75.96%
Net Worth
1.186USD
STEEM
1.950STEEM
SBD
0.179SBD
Own SP
17.021SP

Detailed Balance

STEEM
balance
1.950STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
17.021SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
17.021SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.179SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "1.950 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "27683.554363 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.179 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

namefirstsomali
id172470
rank88,800
reputation94035355969
created2017-06-02T18:58:06
recovery_accountsteem
proxyNone
post_count420
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2018-01-26T18:24:00
last_root_post2018-01-26T18:24:00
last_vote_time2018-01-26T18:24:00
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance1.950 STEEM
savings_balance0.000 STEEM
sbd_balance0.179 SBD
savings_sbd_balance0.000 SBD
vesting_shares27683.554363 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery2017-08-28T17:14:54
reset_accountnull
last_owner_update2018-01-03T00:02:18
last_account_update2018-01-03T00:02:18
minedNo
sbd_seconds1,721,465,004
sbd_last_interest_payment2018-01-05T09:56:42
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 172470,
  "name": "firstsomali",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM6AYWCfX9G3Aj3H6Q5NMnz5fTW8h2wcQYLRi1S7XqHAftQG3R3R",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8YPvC78xm7J2VGjyHV2Poq1zfg3FainQ9ZY5XVBcBdowdWoAAy",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5xe5jLoqbyRoxmvtrsHBpoWvLSSCL6c8H9M5B7VfZqT15U99fT",
        1
      ]
    ]
  },
  "memo_key": "STM724DtLoqSHiSVECUStciGfM9cxVTibFF1y6gCGR8m97huCQgv2",
  "json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.pbrd.co/images/GFQpWQ6.png\",\"name\":\"CryptoCurrency\",\"location\":\"USA\",\"cover_image\":\"https://cdn.pbrd.co/images/GFRMEP2.jpg\"}}",
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.pbrd.co/images/GFQpWQ6.png\",\"name\":\"CryptoCurrency\",\"location\":\"USA\",\"cover_image\":\"https://cdn.pbrd.co/images/GFRMEP2.jpg\"}}",
  "proxy": "",
  "last_owner_update": "2018-01-03T00:02:18",
  "last_account_update": "2018-01-03T00:02:18",
  "created": "2017-06-02T18:58:06",
  "mined": false,
  "recovery_account": "steem",
  "last_account_recovery": "2017-08-28T17:14:54",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 420,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": "27683554363",
    "last_update_time": 1588929792
  },
  "downvote_manabar": {
    "current_mana": "6920888591",
    "last_update_time": 1588929792
  },
  "voting_power": 0,
  "balance": "1.950 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.179 SBD",
  "sbd_seconds": "1721465004",
  "sbd_seconds_last_update": "2018-01-23T07:37:18",
  "sbd_last_interest_payment": "2018-01-05T09:56:42",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "27683.554363 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 32,
  "posting_rewards": 21147,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2018-01-26T18:24:00",
  "last_root_post": "2018-01-26T18:24:00",
  "last_vote_time": "2018-01-26T18:24:00",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": "94035355969",
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 88800
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
2022/10/29 08:13:39
voterelsurtidor
authorfirstsomali
permlinkvenezuela-emergency-latin-americans-denounce-trump-over-military-reaction
weight2500 (25.00%)
Transaction InfoBlock #68965903/Trx 38f045db96e5c0b470a134a22e4e5a7138161600
View Raw JSON Data
{
  "trx_id": "38f045db96e5c0b470a134a22e4e5a7138161600",
  "block": 68965903,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-10-29T08:13:39",
  "op": [
    "vote",
    {
      "voter": "elsurtidor",
      "author": "firstsomali",
      "permlink": "venezuela-emergency-latin-americans-denounce-trump-over-military-reaction",
      "weight": 2500
    }
  ]
}
2022/10/29 08:13:36
voterelsurtidor
authorfirstsomali
permlinkvenezuela-emergency-latin-americans-denounce-trump-over-military-reaction
weight2500 (25.00%)
Transaction InfoBlock #68965902/Trx f9b2049404e2791653ac11fd1305a4b2d829490f
View Raw JSON Data
{
  "trx_id": "f9b2049404e2791653ac11fd1305a4b2d829490f",
  "block": 68965902,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2022-10-29T08:13:36",
  "op": [
    "vote",
    {
      "voter": "elsurtidor",
      "author": "firstsomali",
      "permlink": "venezuela-emergency-latin-americans-denounce-trump-over-military-reaction",
      "weight": 2500
    }
  ]
}
steemdelegated 0.000 SP to @firstsomali
2020/05/08 09:23:12
delegatorsteem
delegateefirstsomali
vesting shares0.000000 VESTS
Transaction InfoBlock #43193187/Trx f16504f388388dbb4f76894bb4f3444a0f0fa66f
View Raw JSON Data
{
  "trx_id": "f16504f388388dbb4f76894bb4f3444a0f0fa66f",
  "block": 43193187,
  "trx_in_block": 19,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2020-05-08T09:23:12",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "firstsomali",
      "vesting_shares": "0.000000 VESTS"
    }
  ]
}
2019/06/02 21:02:06
parent authorfirstsomali
parent permlinkfuturism-week-in-science
authorsteemitboard
permlinksteemitboard-notify-firstsomali-20190602t210205000z
title
bodyCongratulations @firstsomali! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@firstsomali/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@firstsomali) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=firstsomali)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #33457166/Trx ad208e3670dccc748d6eee977c81b825ea7167f3
View Raw JSON Data
{
  "trx_id": "ad208e3670dccc748d6eee977c81b825ea7167f3",
  "block": 33457166,
  "trx_in_block": 2,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-02T21:02:06",
  "op": [
    "comment",
    {
      "parent_author": "firstsomali",
      "parent_permlink": "futurism-week-in-science",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-firstsomali-20190602t210205000z",
      "title": "",
      "body": "Congratulations @firstsomali! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@firstsomali/birthday2.png</td><td>Happy Birthday! - You are on the Steem blockchain for 2 years!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@firstsomali) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=firstsomali)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
2019/03/06 10:02:12
voteralphaaquarius
authorfirstsomali
permlinkforget-bitcoin-facebook-s-facecoin
weight10000 (100.00%)
Transaction InfoBlock #30912805/Trx 1aeadeb7f21955d9e65bad9a8022009f34c58bc5
View Raw JSON Data
{
  "trx_id": "1aeadeb7f21955d9e65bad9a8022009f34c58bc5",
  "block": 30912805,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-03-06T10:02:12",
  "op": [
    "vote",
    {
      "voter": "alphaaquarius",
      "author": "firstsomali",
      "permlink": "forget-bitcoin-facebook-s-facecoin",
      "weight": 10000
    }
  ]
}
2018/06/22 18:17:36
parent authorfirstsomali
parent permlinkre-midnimo-introducemyself-20170704t011836878z
authormidnimo
permlinkre-firstsomali-re-midnimo-introducemyself-20180622t181733523z
title
bodyRaali iiga noqo walaalo muddo dheer baa iiga dhambeeyey Steemit hawl baan ku maqnaa.
json metadata{"tags":["introducemyself"],"app":"steemit/0.1"}
Transaction InfoBlock #23551849/Trx 053b91e44e919733284321d267d28e6d2fa6e5cf
View Raw JSON Data
{
  "trx_id": "053b91e44e919733284321d267d28e6d2fa6e5cf",
  "block": 23551849,
  "trx_in_block": 5,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-06-22T18:17:36",
  "op": [
    "comment",
    {
      "parent_author": "firstsomali",
      "parent_permlink": "re-midnimo-introducemyself-20170704t011836878z",
      "author": "midnimo",
      "permlink": "re-firstsomali-re-midnimo-introducemyself-20180622t181733523z",
      "title": "",
      "body": "Raali iiga noqo walaalo muddo dheer baa iiga dhambeeyey Steemit hawl baan ku maqnaa.",
      "json_metadata": "{\"tags\":[\"introducemyself\"],\"app\":\"steemit/0.1\"}"
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  ]
}
steemdelegated 1.251 SP to @firstsomali
2018/05/16 20:17:24
delegatorsteem
delegateefirstsomali
vesting shares2034.839782 VESTS
Transaction InfoBlock #22489849/Trx 633c1e6c11932a5b371d359902aea4ad1f0a40e6
View Raw JSON Data
{
  "trx_id": "633c1e6c11932a5b371d359902aea4ad1f0a40e6",
  "block": 22489849,
  "trx_in_block": 9,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-05-16T20:17:24",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "firstsomali",
      "vesting_shares": "2034.839782 VESTS"
    }
  ]
}
steemdelegated 1.767 SP to @firstsomali
2018/04/24 08:06:42
delegatorsteem
delegateefirstsomali
vesting shares2874.702175 VESTS
Transaction InfoBlock #21841890/Trx 571e50282fffde41c6c6f2d677b93eaa2aa3d096
View Raw JSON Data
{
  "trx_id": "571e50282fffde41c6c6f2d677b93eaa2aa3d096",
  "block": 21841890,
  "trx_in_block": 16,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-24T08:06:42",
  "op": [
    "delegate_vesting_shares",
    {
      "delegator": "steem",
      "delegatee": "firstsomali",
      "vesting_shares": "2874.702175 VESTS"
    }
  ]
}
2018/04/19 22:28:33
parent authorfirstsomali
parent permlinkpink-panther-teaches-non-duality
authorsalkajourneys
permlinkre-firstsomali-pink-panther-teaches-non-duality-20180419t222832238z
title
bodyPRICELESS!!!!!! Love Alan Watts!
json metadata{"tags":["alanwatts"],"app":"steemit/0.1"}
Transaction InfoBlock #21715667/Trx 07d587d92f5284b92881e9e0e4a05636d866e38d
View Raw JSON Data
{
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  "block": 21715667,
  "trx_in_block": 32,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-19T22:28:33",
  "op": [
    "comment",
    {
      "parent_author": "firstsomali",
      "parent_permlink": "pink-panther-teaches-non-duality",
      "author": "salkajourneys",
      "permlink": "re-firstsomali-pink-panther-teaches-non-duality-20180419t222832238z",
      "title": "",
      "body": "PRICELESS!!!!!! Love Alan Watts!",
      "json_metadata": "{\"tags\":[\"alanwatts\"],\"app\":\"steemit/0.1\"}"
    }
  ]
}
2018/04/19 22:27:48
votersalkajourneys
authorfirstsomali
permlinkpink-panther-teaches-non-duality
weight10000 (100.00%)
Transaction InfoBlock #21715652/Trx 12ae39e4f2e39a11144ad19dd685c948394c476a
View Raw JSON Data
{
  "trx_id": "12ae39e4f2e39a11144ad19dd685c948394c476a",
  "block": 21715652,
  "trx_in_block": 31,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-04-19T22:27:48",
  "op": [
    "vote",
    {
      "voter": "salkajourneys",
      "author": "firstsomali",
      "permlink": "pink-panther-teaches-non-duality",
      "weight": 10000
    }
  ]
}
2018/03/09 21:39:30
parent authorfirstsomali
parent permlinkgiant-undiscovered-coin-radium-steemit
authordalesatoshi
permlinkre-firstsomali-giant-undiscovered-coin-radium-steemit-20180309t213930654z
title
bodyIf anyone is interested @Btcpopco has pooled staking for RADS (if you’re not tech savvy like me) ![Staking RADS.png](https://steemitimages.com/DQmYYw6L7nUmWqLvXq89TQ4zuwQFzDBfzYmvZWjiHA4WnG5/Staking%20RADS.png)
json metadata{"tags":["cryptocurrency"],"users":["btcpopco"],"image":["https://steemitimages.com/DQmYYw6L7nUmWqLvXq89TQ4zuwQFzDBfzYmvZWjiHA4WnG5/Staking%20RADS.png"],"app":"steemit/0.1"}
Transaction InfoBlock #20535203/Trx bb0202b1c8f6f41d38019eabb8268443d194ac9b
View Raw JSON Data
{
  "trx_id": "bb0202b1c8f6f41d38019eabb8268443d194ac9b",
  "block": 20535203,
  "trx_in_block": 46,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-03-09T21:39:30",
  "op": [
    "comment",
    {
      "parent_author": "firstsomali",
      "parent_permlink": "giant-undiscovered-coin-radium-steemit",
      "author": "dalesatoshi",
      "permlink": "re-firstsomali-giant-undiscovered-coin-radium-steemit-20180309t213930654z",
      "title": "",
      "body": "If anyone is interested @Btcpopco has pooled staking for RADS (if you’re not tech savvy like me)\n\n![Staking RADS.png](https://steemitimages.com/DQmYYw6L7nUmWqLvXq89TQ4zuwQFzDBfzYmvZWjiHA4WnG5/Staking%20RADS.png)",
      "json_metadata": "{\"tags\":[\"cryptocurrency\"],\"users\":[\"btcpopco\"],\"image\":[\"https://steemitimages.com/DQmYYw6L7nUmWqLvXq89TQ4zuwQFzDBfzYmvZWjiHA4WnG5/Staking%20RADS.png\"],\"app\":\"steemit/0.1\"}"
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  ]
}
2018/01/26 20:17:18
voterbardanovalsenka
authorfirstsomali
permlinkthe-truth-about-egg-industry
weight10000 (100.00%)
Transaction InfoBlock #19325244/Trx 8d2908d265aab85a7c16fcaaf29b6b715e4161a5
View Raw JSON Data
{
  "trx_id": "8d2908d265aab85a7c16fcaaf29b6b715e4161a5",
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  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-26T20:17:18",
  "op": [
    "vote",
    {
      "voter": "bardanovalsenka",
      "author": "firstsomali",
      "permlink": "the-truth-about-egg-industry",
      "weight": 10000
    }
  ]
}
2018/01/26 18:55:33
voterrawn
authorfirstsomali
permlinkfuturism-week-in-science
weight10000 (100.00%)
Transaction InfoBlock #19323611/Trx 4206fe2ef084adcb0d783eadf7c940d01726cfd4
View Raw JSON Data
{
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  "trx_in_block": 46,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-26T18:55:33",
  "op": [
    "vote",
    {
      "voter": "rawn",
      "author": "firstsomali",
      "permlink": "futurism-week-in-science",
      "weight": 10000
    }
  ]
}
2018/01/26 18:47:00
votersteembooster
authorfirstsomali
permlinkfuturism-week-in-science
weight3000 (30.00%)
Transaction InfoBlock #19323440/Trx cbc1fa3a5116b2afad5624a8578569bca67ded9c
View Raw JSON Data
{
  "trx_id": "cbc1fa3a5116b2afad5624a8578569bca67ded9c",
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  "trx_in_block": 74,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-01-26T18:47:00",
  "op": [
    "vote",
    {
      "voter": "steembooster",
      "author": "firstsomali",
      "permlink": "futurism-week-in-science",
      "weight": 3000
    }
  ]
}
2018/01/26 18:24:00
voterfirstsomali
authorfirstsomali
permlinkfuturism-week-in-science
weight10000 (100.00%)
Transaction InfoBlock #19322981/Trx 39d189ea6ba8bc589486b0ff3dfcc04cc9f80f4a
View Raw JSON Data
{
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  "virtual_op": 0,
  "timestamp": "2018-01-26T18:24:00",
  "op": [
    "vote",
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      "permlink": "futurism-week-in-science",
      "weight": 10000
    }
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}
2018/01/26 18:24:00
parent author
parent permlinkscience
authorfirstsomali
permlinkfuturism-week-in-science
titleFUTURISM: WEEK IN SCIENCE
bodyhttps://pasteboard.co/images/H4Kiusc.jpg/download Cloned monkeys, plant senses, and more. Here's what you may have missed this week in science: https://futurism.com/images/this-week-in-science-jan-20-26-2018/
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2018/01/26 18:00:15
voterdmiton
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firstsomaliupdated options for 8edsovbo
2018/01/26 17:47:06
authorfirstsomali
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firstsomalipublished a new post: 8edsovbo
2018/01/26 17:47:06
parent author
parent permlinkfunny
authorfirstsomali
permlink8edsovbo
titleCAN YOU SAVE RUNNING LIKE THAT!
body<center><a href='https://d.tube/#!/v/firstsomali/8edsovbo'><img src='https://ipfs.io/ipfs/QmSU6Tp9RUpwYFVNE8FHcxcx4Zetj9a3wGcKvYgA1zDTER'></a></center><hr> Most mazing! Amazing cool video you will ever see! <hr><a href='https://d.tube/#!/v/firstsomali/8edsovbo'> ▶️ DTube</a><br /><a href='https://ipfs.io/ipfs/QmbGD5GfbRgdfV1oxErvmYWjRVFiENNP1sKH7wik61JERm'> ▶️ IPFS</a>
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2018/01/26 17:29:33
voterfirstsomali
authorfirstsomali
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2018/01/26 17:28:09
parent author
parent permlinkart
authorfirstsomali
permlinkpaintings-by-reisha-perlmutter
titlePaintings by Reisha Perlmutter😍
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2018/01/26 10:29:06
voterfirstsomali
authorfirstsomali
permlinkthe-truth-about-egg-industry
weight10000 (100.00%)
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2018/01/26 10:29:06
parent author
parent permlinkfood
authorfirstsomali
permlinkthe-truth-about-egg-industry
titleTHE TRUTH ABOUT EGG INDUSTRY!
bodyhttps://youtu.be/utPkDP3T7R4 You have probably no idea!, about whats is wrong with eggs, the truth about Egg industry. I wonder!, I wonder!. There is a saying that says, that good people will die sooner, and the rest will live in a times that are just the times we living in now. The big corporations, Woe to you and your greedy lifes.
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2018/01/26 10:22:15
parent authorjglake
parent permlinkre-firstsomali-re-jglake-re-firstsomali-giving-a-way-spd-20180125t202915987z
authorfirstsomali
permlinkre-jglake-re-firstsomali-re-jglake-re-firstsomali-giving-a-way-spd-20180126t102213501z
title
bodyI am glad, I helped. I will be doing it more, in the future. So stay tuned. Thanks.
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2018/01/25 20:29:24
parent authorfirstsomali
parent permlinkre-jglake-re-firstsomali-giving-a-way-spd-20180123t073952368z
authorjglake
permlinkre-firstsomali-re-jglake-re-firstsomali-giving-a-way-spd-20180125t202915987z
title
bodyThanks a ton! Jeez, I am surprised you aren’t crawling with requests. Those posts that give 90% of the post rewards back to the upvoters and commentors get 100’s of upvotes/comments and they only recieve .010 SBD on average and you are giving away a whole SBD and only got one request.
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      "body": "Thanks a ton! Jeez, I am surprised you aren’t crawling with requests. Those posts that give 90% of the post rewards back to the upvoters and commentors get 100’s of upvotes/comments and they only recieve .010 SBD on average and you are giving away a whole SBD and only got one request. ",
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2018/01/25 14:10:24
parent authorlndesta120282
parent permlinkthe-ku-klux-klan
authorfirstsomali
permlinkre-lndesta120282-the-ku-klux-klan-20180125t141025260z
title
bodyAha!, I didn't hate Marlboro by coincidence!!. Now I will never touch it. Haha!. Joking aside, this post was helpfull. Thanks
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2018/01/25 14:08:00
voterfirstsomali
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firstsomaliupvoted (100.00%) @twinbraid / ok-2
2018/01/24 07:34:51
voterfirstsomali
authortwinbraid
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2018/01/24 07:34:21
voterfirstsomali
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2018/01/24 07:33:48
voterfirstsomali
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firstsomaliupvoted (100.00%) @clayop / 4678qq
2018/01/24 07:33:33
voterfirstsomali
authorclayop
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nadezdalebedevaupvoted (100.00%) @firstsomali / yeah
2018/01/23 17:17:03
voternadezdalebedeva
authorfirstsomali
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danielaaupvoted (100.00%) @firstsomali / yeah
2018/01/23 17:16:48
voterdanielaa
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2018/01/23 13:14:42
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2018/01/23 12:55:15
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2018/01/23 12:50:06
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2018/01/23 12:44:21
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bodyHaha!, did you watch it before ?
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2018/01/23 12:42:51
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2018/01/23 12:42:33
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2018/01/23 12:42:33
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2018/01/23 08:32:27
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2018/01/23 08:32:03
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2018/01/23 08:30:21
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2018/01/23 08:08:48
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2018/01/23 08:07:57
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authorfirstsomali
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      "permlink": "not-a-country-as-a-whole-but-they-did-it",
      "title": "A NEW WAR WITH IN A WAR : MORNING NEWS",
      "body": "@@ -217,8 +217,37 @@\n m15uyMMc\n+%0Ahttps://youtu.be/xykvrGpCW6E\n",
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2018/01/23 07:58:15
parent author
parent permlinknews
authorfirstsomali
permlinknot-a-country-as-a-whole-but-they-did-it
titleA NEW WAR WITH IN A WAR : MORNING NEWS
bodyhttps://youtu.be/WlomIAoahbA BREAKING NEWS. Turkey's rocket attacks in Syria complicate relations with US. https://youtu.be/MzHOQprfxGQ https://youtu.be/7RYNahOy_MI https://youtu.be/JDWmkG7PneA https://youtu.be/Al_m15uyMMc
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Transaction InfoBlock #19224109/Trx 3430acfd51fdfdea3652d675bb3403ad4ba1b35c
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      "body": "https://youtu.be/WlomIAoahbA\n\nBREAKING NEWS.\nTurkey's rocket attacks in Syria complicate relations with US.\n\nhttps://youtu.be/MzHOQprfxGQ\nhttps://youtu.be/7RYNahOy_MI\nhttps://youtu.be/JDWmkG7PneA\nhttps://youtu.be/Al_m15uyMMc",
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2018/01/23 07:52:12
voterfirstsomali
authorfirstsomali
permlinknot-a-country-as-a-whole-but-they-did-it
weight10000 (100.00%)
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2018/01/23 07:52:12
parent author
parent permlinknews
authorfirstsomali
permlinknot-a-country-as-a-whole-but-they-did-it
titleNOT A COUNTRY AS A WHOLE, BUT THEY DID IT !
bodyhttps://youtu.be/WlomIAoahbA BREAKING NEWS. Turkey's rocket attacks in Syria complicate relations with US. https://youtu.be/MzHOQprfxGQ https://youtu.be/7RYNahOy_MI https://youtu.be/JDWmkG7PneA https://youtu.be/Al_m15uyMMc
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      "body": "https://youtu.be/WlomIAoahbA\n\nBREAKING NEWS.\nTurkey's rocket attacks in Syria complicate relations with US.\n\nhttps://youtu.be/MzHOQprfxGQ\nhttps://youtu.be/7RYNahOy_MI\nhttps://youtu.be/JDWmkG7PneA\nhttps://youtu.be/Al_m15uyMMc",
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2018/01/23 07:39:54
parent authorjglake
parent permlinkre-firstsomali-giving-a-way-spd-20180121t224456712z
authorfirstsomali
permlinkre-jglake-re-firstsomali-giving-a-way-spd-20180123t073952368z
title
bodyI have sent it:) Enjoy https://image.ibb.co/gdUaWw/Screenshot_2018_01_23_08_38_01.png
json metadata{"tags":["steemit"],"image":["https://image.ibb.co/gdUaWw/Screenshot_2018_01_23_08_38_01.png"],"app":"steemit/0.1"}
Transaction InfoBlock #19223742/Trx 25f5e12a813f992ab27772e046a2e105d25153b6
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      "permlink": "re-jglake-re-firstsomali-giving-a-way-spd-20180123t073952368z",
      "title": "",
      "body": "I have sent it:)\nEnjoy\n\nhttps://image.ibb.co/gdUaWw/Screenshot_2018_01_23_08_38_01.png",
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}
firstsomalisent 1.000 SBD to @jglake
2018/01/23 07:37:18
fromfirstsomali
tojglake
amount1.000 SBD
memo
Transaction InfoBlock #19223690/Trx 0d6d2ad8292da2dbca549fb9a125b7fd486b3b71
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  "op": [
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      "amount": "1.000 SBD",
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}
firstsomaliclaimed reward balance: 0.018 SBD, 0.005 SP
2018/01/23 07:35:51
accountfirstsomali
reward steem0.000 STEEM
reward sbd0.018 SBD
reward vests8.188517 VESTS
Transaction InfoBlock #19223661/Trx 5444499e686d95b2d41047649ad67a41b9ac41bd
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      "reward_sbd": "0.018 SBD",
      "reward_vests": "8.188517 VESTS"
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}
firstsomaliupvoted (100.00%) @firstsomali / yeah
2018/01/23 07:33:24
voterfirstsomali
authorfirstsomali
permlinkyeah
weight10000 (100.00%)
Transaction InfoBlock #19223612/Trx 7d5928f234a931a2d668550f2809f09644b81604
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}
firstsomalipublished a new post: yeah
2018/01/23 07:32:18
parent author
parent permlinkmeme
authorfirstsomali
permlinkyeah
titleYEAH!
body@@ -65,12 +65,4 @@ .png -%0A%0AYeah!.
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Transaction InfoBlock #19223590/Trx de9f17eba8744a7added1236726e062ed05dc3a5
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      "body": "@@ -65,12 +65,4 @@\n .png\n-%0A%0AYeah!.\n",
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firstsomalipublished a new post: yeah
2018/01/23 07:31:24
parent author
parent permlinkmeme
authorfirstsomali
permlinkyeah
titleYEAH!
bodyhttps://image.ibb.co/mbQw4G/Screen_Shot_2015_10_29_at_4_05_25_PM.png Yeah!.
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Transaction InfoBlock #19223572/Trx c1c3caa7dcf724b415dee9243ae25f99cd0a510d
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2018/01/21 22:44:57
parent authorfirstsomali
parent permlinkgiving-a-way-spd
authorjglake
permlinkre-firstsomali-giving-a-way-spd-20180121t224456712z
title
bodyLiked and shared :)
json metadata{"tags":["steemit"],"app":"steemit/0.1"}
Transaction InfoBlock #19184258/Trx 3f9053f6ea07307dfb78c99a2ccf79134a955032
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      "permlink": "re-firstsomali-giving-a-way-spd-20180121t224456712z",
      "title": "",
      "body": "Liked and shared :)",
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}
2018/01/21 22:44:30
voterjglake
authorfirstsomali
permlinkgiving-a-way-spd
weight10000 (100.00%)
Transaction InfoBlock #19184249/Trx 4a5620488f20007636850a53139b1ebe528bb996
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  "op": [
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jrvacationsent 0.001 SBD to @firstsomali- "Thanks for your upvote! Here’s your reward. Follow and upvote me too. Thank you!"
2018/01/21 18:15:27
fromjrvacation
tofirstsomali
amount0.001 SBD
memoThanks for your upvote! Here’s your reward. Follow and upvote me too. Thank you!
Transaction InfoBlock #19178869/Trx 163f41cdc07344d21bf4cef4e24b0a8f74bd5f34
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  "timestamp": "2018-01-21T18:15:27",
  "op": [
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    {
      "from": "jrvacation",
      "to": "firstsomali",
      "amount": "0.001 SBD",
      "memo": "Thanks for your upvote! Here’s your reward. Follow and upvote me too. Thank you!"
    }
  ]
}
firstsomalireceived 0.018 SBD, 0.005 SP author reward for @firstsomali / forget-bitcoin-facebook-s-facecoin
2018/01/21 09:52:03
authorfirstsomali
permlinkforget-bitcoin-facebook-s-facecoin
sbd payout0.018 SBD
steem payout0.000 STEEM
vesting payout8.188517 VESTS
Transaction InfoBlock #19168803/Virtual Operation #4
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  "timestamp": "2018-01-21T09:52:03",
  "op": [
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      "author": "firstsomali",
      "permlink": "forget-bitcoin-facebook-s-facecoin",
      "sbd_payout": "0.018 SBD",
      "steem_payout": "0.000 STEEM",
      "vesting_payout": "8.188517 VESTS"
    }
  ]
}
steemfuzzysent 0.001 STEEM to @firstsomali- "Thank you for visiting my blog -- @steemfuzzy. Please upvote and follow me."
2018/01/20 03:42:51
fromsteemfuzzy
tofirstsomali
amount0.001 STEEM
memoThank you for visiting my blog -- @steemfuzzy. Please upvote and follow me.
Transaction InfoBlock #19132637/Trx 197dc2d7ce41c5e2fa4310f4ac159883b1992256
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  "timestamp": "2018-01-20T03:42:51",
  "op": [
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    {
      "from": "steemfuzzy",
      "to": "firstsomali",
      "amount": "0.001 STEEM",
      "memo": "Thank you for visiting my blog -- @steemfuzzy. Please upvote and follow me."
    }
  ]
}
2018/01/20 03:39:21
voterfirstsomali
authorfirstsomali
permlinkgiving-a-way-spd
weight10000 (100.00%)
Transaction InfoBlock #19132567/Trx d64b1df9e12f5351ffa09d4be9431faeb4d6c7d5
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  "timestamp": "2018-01-20T03:39:21",
  "op": [
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firstsomalipublished a new post: giving-a-way-spd
2018/01/20 03:39:21
parent author
parent permlinksteemit
authorfirstsomali
permlinkgiving-a-way-spd
titleGIVING A WAY SPD
bodyI have 1 SPD or steem dollars waiting for you to be received. Just #like # share And I will randomly choose a winner, and sent it to you. Steemit 1$spd. I know it is small to most of you, but it is an act of giving from me. No matter your steem power, wether you are minnow or new user. You deserve 1$ Infact every one on stemit community atleast deserves 1$. And another reason, I am doing this. Is I just got back my steem power formerly delegated to minnowbooster # Back ! Best Regards :
json metadata{"tags":["steemit","steem","minnow","congratulations","winner"],"app":"steemit/0.1","format":"markdown"}
Transaction InfoBlock #19132567/Trx d64b1df9e12f5351ffa09d4be9431faeb4d6c7d5
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      "parent_permlink": "steemit",
      "author": "firstsomali",
      "permlink": "giving-a-way-spd",
      "title": "GIVING A WAY SPD",
      "body": "I have 1 SPD or steem dollars waiting for you to be received.\n\nJust\n\n#like\n# share\nAnd  I will randomly choose a winner, and sent it to you.\n\nSteemit 1$spd.\n\nI know it is small to most of you, but it is an act of giving from me.\n\nNo matter your steem power, wether you are minnow or new user. \n\nYou deserve 1$ \nInfact every one on stemit community atleast deserves 1$.\n\nAnd another reason, I am doing this. Is I just got back my steem power formerly delegated to minnowbooster # \nBack !\n\nBest Regards :",
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firstsomalireturned a vesting delegation
2018/01/20 01:18:03
accountfirstsomali
vesting shares23100.000000 VESTS
Transaction InfoBlock #19129746/Virtual Operation #1
View Raw JSON Data
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2018/01/14 11:01:42
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2018/01/14 10:00:33
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titleFORGET BITCOIN!: Facebook's FACECOIN
bodyhttps://s14.postimg.org/5c9pz9w9t/images.png Biggest crypto idea, and the most successfull coin ever ! Facebook employs a significant portion of the world’s leading minds in computer science, artificial intelligence, and engineering. Most if not all of the people at Facebook are aware of Bitcoin and Ethereum. And I can only imagine that some of them have a profound knowledge of blockchain, digital currencies, smart contracts, distributed ledgers, Bitcoin, Ethereum, and emerging technologies in the cryptocurrency space. With all of that knowledge, expertise, and skill, it would be easy for Facebook to have its own digital currency. The most successful cryptocurrency to date is Bitcoin. Bitcoin is decentralized, peer-to-peer, and open-source. Although a cryptocurrency is not required to have the same attributes as Bitcoin, the crypto community at large has come to expect that any new currency follows the same pattern. It needs to be decentralized, peer-to-peer, and open-source. I don’t know the technology that Facebook would ultimately come up with, but I’m confident that with their expertise they could “solve” cryptocurrency. Facebook may not like the decentralization aspect because they would want control, but they could implement some decentralization where both Facebook and other entities could work together to secure Facebook’s blockchain, while Facebook still maintained some amount of control. Peer-to-peer and open source wouldn’t be an issue for Facebook. Open source is not a threat for Facebook because the value of their launching a cryptocurrency lies in their 2 billion+ monthly user base, not in some unique code or technology. The issue for Facebook would be to create a currency that satisfies all of the community requirements described above but is also extremely fast (transaction confirmations within 1 or 2 seconds), scalable, and has low fees. Again, I think Facebook has some of the brightest minds and can solve these issues. Now we come to the structure of a token launch. Would Facebook do an ICO? No, they don’t need the money. Ideally, they would do a Universal Basic Income (UBI) or Univeral Basic Capital (UBC) style launch. The launch I will propose is UBC, but the ongoing persistence of the currency creates a UBI for users of the money. Decentralization of a Facebook cryptocurrency could mean that the digital advertising duopoly of Facebook and Google would die. Just because it could die doesn’t mean that Facebook has anything to fear. I believe Facebook can structure its cryptocurrency so that the interests of all involved are met and exceeded. This includes the interests of Facebook shareholders, users, employees, and ultimately all of the participants in the Facebook Coin transaction economy. But Does Facebook’s Mission Statement Support a Digital Currency? “Give people the power to build community and bring the world closer together.”―Facebook Facebook’s about bringing “the world closer together.” A single, easy-to-use cryptocurrency that gets rid of cross-border payments issues does just that. A Facebook cryptocurrency would over two billion people much closer together in an economic sense. The Plan Facebook could achieve two billion token users very quickly, too, by putting their crypto wallet within Facebook, Messenger, Instagram, and WhatsApp, as well as giving each unique user a small amount of the currency for free at the beginning just because they’re a user. That would be two billion monthly active users, virtually overnight. The Giveaway Facebook could merely give 1,000 of its tokens to every current user at launch. This is the Univeral Basic Capital (UBC) part of the plan. At the same time, Facebook could give itself a bunch of the currency at the beginning so that they have a vested interest in increasing its value. Facebook could have anywhere from ten to thirty percent of the initial supply. (An aside: At some point, Facebook could link that supply of digital currency to the stockholders, so that the stockholders have stock as well as the currency, or Facebook could pay out the currency as a dividend. Even more extreme would be if Facebook gave the coin in proportional share to the stockholders and forgot about their stock altogether. Then, hypothetically, all users and shareholders would be joined together as the owners of Facebook, and any transaction economy that it creates. But I’m getting way ahead of myself here) The Continual Giving Going forward after launch, Facebook will have an algorithmically enforced “inflation” rate of 5% of the total supply of the tokens each year (or a similar percentage). That inflation would go to all users based on the ad revenue that Facebook generates from that user. The increase would act as a Universal Basic Income (UBI), compliments of the user content that provides value to the users of Facebook’s apps, and so to Facebook. But this would also be thanks to Facebook’s cryptocurrency, which would enable this. Users would enjoy Facebook more because they would pay 5% over a year (perhaps on a daily basis) to each user proportional to the ad revenue that Facebook brings in from that user. Facebook brings in ad revenue from users not just because users look at their ads, but also because the content that we post draws in others to look at Facebook’s ads. So Facebook’s algorithm would be built in such a way that users are being paid for the ads they interact with and see, but also for the content they post and how much it is drawing in other users to Facebook’s services. The users would have a vested interest in making Facebook as good a community as possible, with the best content, because they would want to enjoy more of the benefits of valuable Facebook apps and services. Along with their traditional ads, Facebook could do rewarded advertising similar to SwagBucks.com and pay people using the FB digital currency. Here are a few example rewarded ads: you’re paid to fill out a survey, paid to watch a 30 second video commercial, paid to get a sample of a product, paid to test a product, paid a percent of your shopping cart basket when you purchase from an online retailer, or even paid to buy something offline such as a car or a home improvement. Traditional and rewarded ads are just the tip of the iceberg for the sort of economic activities that could one day go on within Facebook. I’m sure they could come up with other ways for someone to earn their token. Advertisers could pay for the advertising on any of Facebook’s apps, including the rewarded ads, using their currency. The sky’s the limit on what people would be able to buy with the token both on and off of Facebook. The Facebook Buyback Here’s the kicker that would guarantee real and significant value to Facebook’s currency: Facebook would set aside some portion of their revenues or profits to buy back the currency and destroy it to lower the total supply. And Facebook would commit to a program like this so that the buybacks are quite predictable for the community and the markets to absorb and price. In this way, the total supply could shrink faster than the 5% inflation rate, depending on profits. Facebook would buy back their coin on multiple, reputable cryptocurrency exchanges at the best price they could find (perhaps including their own exchange), and then they would permanently destroy that currency. It would be just like buying back stock. They could start small. Maybe they’d use just 1% of revenue to buy back their token each day. It would be sort of like a dividend, only instead of payouts, it would merely increase the value of each token for all token holders. Facebook could buy it back on a very regular basis. Perhaps they would take their current earnings and project out future earnings so that they’re buying a consistent amount over time that would gradually be changed to reflect the new situation. Or they could use past profits. At 2016’s revenue of 27.638 billion U.S. dollars, they could buy up $525.84 worth of the currency (at whatever best price they can find for each token) every minute, year-round for the next year and will have bought back 1% of 2016’s revenue. The would create great consistency for the currency’s price, which would be much appreciated by its holders. Growing Buybacks Over time they might increase the buybacks to 5%, then 10%, then eventually 50% or 100% of their profits. Facebook could have an incentive to buy back their “coins” with every last penny that they make. At this point, they might be the primary coin in town, and all transactions around the world might be in their coins, so how would they buy back their currency with their coin? They wouldn’t need to, they could just agree to destroy any coins or 50% of the coins, that they earn. This way they can earn coins and increase the value of the coins they already have while increasing the value of the coins of others. This would encourage other apps and people into the Facebook token system. But it doesn’t stop there. The Dominance of Facebook Tokens Once all of Facebook’s users are using the Facebook currency, there would be ridiculous network effects at work that could make the money more valuable than Bitcoin. Does that mean it would have an insurmountable advantage, compared to other currencies? No, I don’t think so. I see the future world as having tons of competing currencies. (this has already happened, but the competition will be much more fierce. Maybe Google, Amazon, and Facebook will all be fierce crypto competitors soon) Perhaps there will be one dominant currency at any given time, perhaps not. Just like brands mean so little to so many people in many of the older industries like carbon-emitting autos and pharmaceuticals, one day the “brand” of your digital currency may make little difference to you. In that world you may want to own a bunch of currencies just in case one becomes dominant over some of the others, if only for a short time. Currency trading could be the last way to make a significant profit on Earth, and then even that could disappear. Or maybe something will crop up in its place as the way to make bank―something still unimagined by everyone but Satoshi Nakamoto. (the one thing I can imagine is that there are things that no one has yet imagined… but I can’t yet imagine what those things are) In the ancient world, salt had extreme value and wars were fought over bars of salt. Today, salt has little value, and few would imagine trying to make a living or substantial profits from trading salt. Someday, digital currencies could be like salt. Or perhaps they will be the last store of value, since everything else we will have in abundance except for the one thing that can be well-limited: an algorithmically-controlled, decentralized currency. We could all have an abundance of Bitcoins, but the creator, the code, the miners, the built-in economic interests of key constituents, and now the community at large all ensure that there will only ever be 21 million Bitcoins. Perhaps land and buildings and robots and software and ultimately algorithmically-limited currencies will go the way of the salt bar, or maybe not. The Facebook Transaction Economy Many apps and eventually brick and mortar businesses will want to start transacting in the Facebook Coin. Why? Because it will be the easiest way to get something of value from their customers in exchange for whatever good or service they’re providing. Facebook will create an open source API and multiple SDK’s for the token so that it’s easy for anyone to hook up and start accepting the currency for payments, and also use the money to pay for stuff. It will be an open platform where anyone with some programming chops will want to take a stab at creating a little better wallet or a slightly better interface, all to try to get a piece of the transaction fee pie. And since over two billion people will be users of the currency from day one, it will have a larger user base than Visa and MasterCard combined. As a business receives a currency that is growing in value, they will recommend the currency to other companies because of the benefits they got in their own business, but also because as more businesses adopt it the network effects grow and its value grows. But Facebook could take this a step further. Transactions will have fees: perhaps 0.1% or maybe even 1 or 2% of transaction value, to create even more value through a transaction fee sharing system. Whoever is securing the network with their servers (decentralized actors which probably would include Facebook) would get the fees. But Facebook could create a fee sharing system ahead of time where it is understood that some percent of the fees go to whoever is producing the transactions. So 50% or 75% or 90% of the fees could go right back to the apps and the physical businesses that are generating those transactions. You might ask, why not just make the fees lower? There are two reasons. One reason is that the business owners could use part of those fees as a sort of rewards program to pay back users in some way. Perhaps it would be a power user or preferred customer program, or maybe a business would merely implement a universal discount and build it into their pricing. The second reason has to do with the different economics created by currencies. In a typical business, there are no transactions fees when one user sends money to another within the same app. But since Facebook’s coin would be decentralized, the fee would still apply. So this would help create ecosystems within ecosystems. Facebook would have an incentive to have as many transactions as possible on their platform, such as through the ads, the rewarded advertising earnings, and virtual goods buying and selling within games. But also, every other app and business that uses the currency would be incentivized to make the token integral to the operations within the app or company. An app could transact everything in the Facebook Token within its app and externally to earn transaction fees. This would give anyone within that platform’s influence an incentive to join the system. They’d have an incentive because they would now own some of the currency which they could help grow in value by bringing all of their users/customers on board with it just by adopting it as one currency users use, or even better, the only money that users use. This transaction fee system would create an incentive for every app and business within the platform to pay employees in the Facebook Coin, to buy stuff in the coin, to only accept the coin for payments, and to create earning opportunities for anyone within their platform to get the currency. It’s platforms within the larger Facebook Token platform, and some of those larger platforms will even have platforms within them. So it’s platforms within platforms within a platform. Who knows how far the rabbit hole could go? The Conclusion The ultimate goal of this Facebook cryptocurrency is multi-fold: security for Facebook, security for Facebook’s users in the form of UBC and UBI, and a much larger global economy that all accrues partly to the benefit of Facebook and its users. This larger economy will be owed to a single, international currency with low transaction fees, and fast transaction confirmations. Couple that with an initial amount of capital that all Facebook users will receive, and regular income that any Facebook user can earn and then can spend as needed. In creating a more connected world, it’s hard for me to imagine a future where Facebook won’t launch its own digital currency. It’s just a matter of when. Of Facebook’s 20,658 employees, it probably has hundreds or thousands of them who are seriously thinking about a cryptocurrency launch. It doesn’t matter if this initiative is from the top down, or from the bottom up, they are thinking about it. The three central questions now are, “Will it happen?” (which seems increasingly likely to me), “When will it happen?”, and “How will it happen?” I hope Facebook takes to heart what I’ve written and considers a formula that could help ensure some small amount of minimum viable income for billions of people around the world. I don’t know that this income will be necessary for the poor in the future, but it could be a nice perk.
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      "author": "firstsomali",
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      "title": "FORGET BITCOIN!: Facebook's FACECOIN",
      "body": "https://s14.postimg.org/5c9pz9w9t/images.png\n\nBiggest crypto idea, and the most successfull coin ever !\n\nFacebook employs a significant portion of the world’s leading minds in computer science, artificial intelligence, and engineering. Most if not all of the people at Facebook are aware of Bitcoin and Ethereum. And I can only imagine that some of them have a profound knowledge of blockchain, digital currencies, smart contracts, distributed ledgers, Bitcoin, Ethereum, and emerging technologies in the cryptocurrency space.\nWith all of that knowledge, expertise, and skill, it would be easy for Facebook to have its own digital currency.\nThe most successful cryptocurrency to date is Bitcoin. Bitcoin is decentralized, peer-to-peer, and open-source. Although a cryptocurrency is not required to have the same attributes as Bitcoin, the crypto community at large has come to expect that any new currency follows the same pattern. It needs to be decentralized, peer-to-peer, and open-source.\nI don’t know the technology that Facebook would ultimately come up with, but I’m confident that with their expertise they could “solve” cryptocurrency.\nFacebook may not like the decentralization aspect because they would want control, but they could implement some decentralization where both Facebook and other entities could work together to secure Facebook’s blockchain, while Facebook still maintained some amount of control.\nPeer-to-peer and open source wouldn’t be an issue for Facebook. Open source is not a threat for Facebook because the value of their launching a cryptocurrency lies in their 2 billion+ monthly user base, not in some unique code or technology.\nThe issue for Facebook would be to create a currency that satisfies all of the community requirements described above but is also extremely fast (transaction confirmations within 1 or 2 seconds), scalable, and has low fees. Again, I think Facebook has some of the brightest minds and can solve these issues.\nNow we come to the structure of a token launch. Would Facebook do an ICO? No, they don’t need the money. Ideally, they would do a Universal Basic Income (UBI) or Univeral Basic Capital (UBC) style launch. The launch I will propose is UBC, but the ongoing persistence of the currency creates a UBI for users of the money.\nDecentralization of a Facebook cryptocurrency could mean that the digital advertising duopoly of Facebook and Google would die. Just because it could die doesn’t mean that Facebook has anything to fear. I believe Facebook can structure its cryptocurrency so that the interests of all involved are met and exceeded. This includes the interests of Facebook shareholders, users, employees, and ultimately all of the participants in the Facebook Coin transaction economy.\nBut Does Facebook’s Mission Statement Support a Digital Currency?\n“Give people the power to build community and bring the world closer together.”―Facebook\nFacebook’s about bringing “the world closer together.” A single, easy-to-use cryptocurrency that gets rid of cross-border payments issues does just that. A Facebook cryptocurrency would over two billion people much closer together in an economic sense.\nThe Plan\nFacebook could achieve two billion token users very quickly, too, by putting their crypto wallet within Facebook, Messenger, Instagram, and WhatsApp, as well as giving each unique user a small amount of the currency for free at the beginning just because they’re a user. That would be two billion monthly active users, virtually overnight.\nThe Giveaway\nFacebook could merely give 1,000 of its tokens to every current user at launch. This is the Univeral Basic Capital (UBC) part of the plan.\nAt the same time, Facebook could give itself a bunch of the currency at the beginning so that they have a vested interest in increasing its value. Facebook could have anywhere from ten to thirty percent of the initial supply.\n(An aside: At some point, Facebook could link that supply of digital currency to the stockholders, so that the stockholders have stock as well as the currency, or Facebook could pay out the currency as a dividend. Even more extreme would be if Facebook gave the coin in proportional share to the stockholders and forgot about their stock altogether. Then, hypothetically, all users and shareholders would be joined together as the owners of Facebook, and any transaction economy that it creates. But I’m getting way ahead of myself here)\nThe Continual Giving\nGoing forward after launch, Facebook will have an algorithmically enforced “inflation” rate of 5% of the total supply of the tokens each year (or a similar percentage). That inflation would go to all users based on the ad revenue that Facebook generates from that user. The increase would act as a Universal Basic Income (UBI), compliments of the user content that provides value to the users of Facebook’s apps, and so to Facebook. But this would also be thanks to Facebook’s cryptocurrency, which would enable this.\nUsers would enjoy Facebook more because they would pay 5% over a year (perhaps on a daily basis) to each user proportional to the ad revenue that Facebook brings in from that user. Facebook brings in ad revenue from users not just because users look at their ads, but also because the content that we post draws in others to look at Facebook’s ads. So Facebook’s algorithm would be built in such a way that users are being paid for the ads they interact with and see, but also for the content they post and how much it is drawing in other users to Facebook’s services.\nThe users would have a vested interest in making Facebook as good a community as possible, with the best content, because they would want to enjoy more of the benefits of valuable Facebook apps and services.\nAlong with their traditional ads, Facebook could do rewarded advertising similar to SwagBucks.com and pay people using the FB digital currency. Here are a few example rewarded ads: you’re paid to fill out a survey, paid to watch a 30 second video commercial, paid to get a sample of a product, paid to test a product, paid a percent of your shopping cart basket when you purchase from an online retailer, or even paid to buy something offline such as a car or a home improvement.\nTraditional and rewarded ads are just the tip of the iceberg for the sort of economic activities that could one day go on within Facebook. I’m sure they could come up with other ways for someone to earn their token.\nAdvertisers could pay for the advertising on any of Facebook’s apps, including the rewarded ads, using their currency. The sky’s the limit on what people would be able to buy with the token both on and off of Facebook.\nThe Facebook Buyback\nHere’s the kicker that would guarantee real and significant value to Facebook’s currency: Facebook would set aside some portion of their revenues or profits to buy back the currency and destroy it to lower the total supply. And Facebook would commit to a program like this so that the buybacks are quite predictable for the community and the markets to absorb and price. In this way, the total supply could shrink faster than the 5% inflation rate, depending on profits.\nFacebook would buy back their coin on multiple, reputable cryptocurrency exchanges at the best price they could find (perhaps including their own exchange), and then they would permanently destroy that currency. It would be just like buying back stock. They could start small. Maybe they’d use just 1% of revenue to buy back their token each day. It would be sort of like a dividend, only instead of payouts, it would merely increase the value of each token for all token holders.\nFacebook could buy it back on a very regular basis. Perhaps they would take their current earnings and project out future earnings so that they’re buying a consistent amount over time that would gradually be changed to reflect the new situation. Or they could use past profits.\nAt 2016’s revenue of 27.638 billion U.S. dollars, they could buy up $525.84 worth of the currency (at whatever best price they can find for each token) every minute, year-round for the next year and will have bought back 1% of 2016’s revenue. The would create great consistency for the currency’s price, which would be much appreciated by its holders.\nGrowing Buybacks\nOver time they might increase the buybacks to 5%, then 10%, then eventually 50% or 100% of their profits. Facebook could have an incentive to buy back their “coins” with every last penny that they make. At this point, they might be the primary coin in town, and all transactions around the world might be in their coins, so how would they buy back their currency with their coin? They wouldn’t need to, they could just agree to destroy any coins or 50% of the coins, that they earn. This way they can earn coins and increase the value of the coins they already have while increasing the value of the coins of others. This would encourage other apps and people into the Facebook token system. But it doesn’t stop there.\nThe Dominance of Facebook Tokens\nOnce all of Facebook’s users are using the Facebook currency, there would be ridiculous network effects at work that could make the money more valuable than Bitcoin. Does that mean it would have an insurmountable advantage, compared to other currencies? No, I don’t think so.\nI see the future world as having tons of competing currencies.\n(this has already happened, but the competition will be much more fierce. Maybe Google, Amazon, and Facebook will all be fierce crypto competitors soon)\nPerhaps there will be one dominant currency at any given time, perhaps not. Just like brands mean so little to so many people in many of the older industries like carbon-emitting autos and pharmaceuticals, one day the “brand” of your digital currency may make little difference to you. In that world you may want to own a bunch of currencies just in case one becomes dominant over some of the others, if only for a short time.\nCurrency trading could be the last way to make a significant profit on Earth, and then even that could disappear. Or maybe something will crop up in its place as the way to make bank―something still unimagined by everyone but Satoshi Nakamoto. (the one thing I can imagine is that there are things that no one has yet imagined… but I can’t yet imagine what those things are)\nIn the ancient world, salt had extreme value and wars were fought over bars of salt. Today, salt has little value, and few would imagine trying to make a living or substantial profits from trading salt. Someday, digital currencies could be like salt. Or perhaps they will be the last store of value, since everything else we will have in abundance except for the one thing that can be well-limited: an algorithmically-controlled, decentralized currency.\nWe could all have an abundance of Bitcoins, but the creator, the code, the miners, the built-in economic interests of key constituents, and now the community at large all ensure that there will only ever be 21 million Bitcoins.\nPerhaps land and buildings and robots and software and ultimately algorithmically-limited currencies will go the way of the salt bar, or maybe not.\nThe Facebook Transaction Economy\nMany apps and eventually brick and mortar businesses will want to start transacting in the Facebook Coin. Why? Because it will be the easiest way to get something of value from their customers in exchange for whatever good or service they’re providing.\nFacebook will create an open source API and multiple SDK’s for the token so that it’s easy for anyone to hook up and start accepting the currency for payments, and also use the money to pay for stuff. It will be an open platform where anyone with some programming chops will want to take a stab at creating a little better wallet or a slightly better interface, all to try to get a piece of the transaction fee pie. And since over two billion people will be users of the currency from day one, it will have a larger user base than Visa and MasterCard combined.\nAs a business receives a currency that is growing in value, they will recommend the currency to other companies because of the benefits they got in their own business, but also because as more businesses adopt it the network effects grow and its value grows.\nBut Facebook could take this a step further. Transactions will have fees: perhaps 0.1% or maybe even 1 or 2% of transaction value, to create even more value through a transaction fee sharing system. Whoever is securing the network with their servers (decentralized actors which probably would include Facebook) would get the fees. But Facebook could create a fee sharing system ahead of time where it is understood that some percent of the fees go to whoever is producing the transactions. So 50% or 75% or 90% of the fees could go right back to the apps and the physical businesses that are generating those transactions.\nYou might ask, why not just make the fees lower? There are two reasons.\nOne reason is that the business owners could use part of those fees as a sort of rewards program to pay back users in some way. Perhaps it would be a power user or preferred customer program, or maybe a business would merely implement a universal discount and build it into their pricing.\nThe second reason has to do with the different economics created by currencies. In a typical business, there are no transactions fees when one user sends money to another within the same app. But since Facebook’s coin would be decentralized, the fee would still apply. So this would help create ecosystems within ecosystems. Facebook would have an incentive to have as many transactions as possible on their platform, such as through the ads, the rewarded advertising earnings, and virtual goods buying and selling within games. But also, every other app and business that uses the currency would be incentivized to make the token integral to the operations within the app or company.\nAn app could transact everything in the Facebook Token within its app and externally to earn transaction fees. This would give anyone within that platform’s influence an incentive to join the system. They’d have an incentive because they would now own some of the currency which they could help grow in value by bringing all of their users/customers on board with it just by adopting it as one currency users use, or even better, the only money that users use.\nThis transaction fee system would create an incentive for every app and business within the platform to pay employees in the Facebook Coin, to buy stuff in the coin, to only accept the coin for payments, and to create earning opportunities for anyone within their platform to get the currency. It’s platforms within the larger Facebook Token platform, and some of those larger platforms will even have platforms within them. So it’s platforms within platforms within a platform. Who knows how far the rabbit hole could go?\nThe Conclusion\nThe ultimate goal of this Facebook cryptocurrency is multi-fold: security for Facebook, security for Facebook’s users in the form of UBC and UBI, and a much larger global economy that all accrues partly to the benefit of Facebook and its users. This larger economy will be owed to a single, international currency with low transaction fees, and fast transaction confirmations. Couple that with an initial amount of capital that all Facebook users will receive, and regular income that any Facebook user can earn and then can spend as needed.\nIn creating a more connected world, it’s hard for me to imagine a future where Facebook won’t launch its own digital currency. It’s just a matter of when.\nOf Facebook’s 20,658 employees, it probably has hundreds or thousands of them who are seriously thinking about a cryptocurrency launch. It doesn’t matter if this initiative is from the top down, or from the bottom up, they are thinking about it.\nThe three central questions now are, “Will it happen?” (which seems increasingly likely to me), “When will it happen?”, and “How will it happen?” I hope Facebook takes to heart what I’ve written and considers a formula that could help ensure some small amount of minimum viable income for billions of people around the world. I don’t know that this income will be necessary for the poor in the future, but it could be a nice perk.",
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2018/01/14 09:52:03
voterfirstsomali
authorfirstsomali
permlinkforget-bitcoin-facebook-s-facecoin
weight10000 (100.00%)
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2018/01/14 09:52:03
parent author
parent permlinkbitcoin
authorfirstsomali
permlinkforget-bitcoin-facebook-s-facecoin
titleFORGET BITCOIN!: Facebook's FACECOIN
bodyhttps://s14.postimg.org/5c9pz9w9t/images.png Biggest crypto idea, and the most successfull coin ever ! https://hackernoon.com/facebook-could-launch-the-ultimate-cryptocurrency-2e6a5b65665b
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Transaction InfoBlock #18967309/Trx 989fd6b8ac32b461434df6db50733602b6f002a3
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firstsomalidelegated 0.000 SP to @minnowbooster
2018/01/13 01:18:00
delegatorfirstsomali
delegateeminnowbooster
vesting shares0.000000 VESTS
Transaction InfoBlock #18928275/Trx 633c618b4db35523b8ed6e603e64bc2af5c102ba
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firstsomaliclaimed reward balance: 0.063 SBD, 0.018 SP
2018/01/13 00:59:36
accountfirstsomali
reward steem0.000 STEEM
reward sbd0.063 SBD
reward vests28.672862 VESTS
Transaction InfoBlock #18927907/Trx fcc101f55bb0d05e624f82fbfe430572e9eadbc9
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      "reward_vests": "28.672862 VESTS"
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Account Metadata

POSTING JSON METADATA
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Auth Keys

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Public Keys
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Active
Single Signature
Public Keys
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Posting
Single Signature
Public Keys
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Memo
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Witness Votes

0 / 30
No active witness votes.
[]