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      "author": "jaketherake",
      "body": "I assume you think your words make sense to everyone because they make sense to you.  But I assure you that you did not answer my question, your post, though information filled did not answer my question, and the whitepaper also does not cover what I am asking about.\n\nFor instance, your section on Reward Pool does not explain what goes into the Reward Pool.  Is the Reward Pool explicitly just Steem that is created via inflation, because that is how it is typically described?  Your description of the reward pool makes it sound like SBD are also part of the reward pool.  Also, you can't just say Steem (aka Steem Power) (from your post) because it isn't the same.  Unless it really is the same but it constantly described as not the same elsewhere.  You interchange Steem and Steem Power a lot in that paragraph.  Do I get Steem or do I get Steem Power?  Is the conversion a state transfer or a destruction/creation event.  When I read that inflation is used to fund the Reward Pool is it that SBD and Steem power get created directly in this inflation or is this some hand wavy thing where there is more to the process?\n\nI am looking for a more detailed description of how all these things get explicitly created and converted that does not use general terms like token when they are talking about something specific and I cannot find this description.",
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      "author": "teamsteem",
      "body": "I'm not sure what you read because so much of what you said isn't in the whitepaper is in the whitepaper. \n\nYou might want to read my explanation of Steem. It explained how Steem works. \n\nhttps://steemit.com/steem/@teamsteem/steem-an-in-depth-overview",
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      "body": "Ha, I read the whitepaper just now and got almost none of this out of it.  Also read the blue paper and the whitepaper for SMTs which is how I assembled some of this information.  One problem with the whitepaper is it refers to getting tokens instead of specifying if that token is steem, SBD, or SP.  The whitepaper also does not answer anything about the creation of SBD or SP through content and curation.  I understand that steem is generated at a predicted rate via inflation and most of that goes to the reward pool.  I assume some of that is put in as powered up steem immediately (though I honestly don't know) and the rest is placed in a market contract ready to have SBD pay for them, but I can only guess that SBD are generated from thin air and have nothing to do with the rate of steem inflation.  It is just that based on the amount of content and curation the blockchain determines how much a specific activity should be paid.\n\nThere are still some unanswered questions for me.  Is SP functionally the same as steem.  ie. at the very least is steem destroyed when powering up and SP destroyed when powering down (or is the same token being set to the appropriate state - powered up or powered down)?  Are SBD created from thin air through the blockchain?  Is the blockchain attempting to regulate this by setting a price for all actions based on the market value of steem created through inflation?  ie. say $1000 worth of steem created through inflation.  If there are 10 equal actions each of those actions earn $100 but if there are 100 equal actions each action earns $10?",
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      "author": "thebusinessman",
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      "body": "Right.  Such a shame that segwit2x did not come about.  Bitcoin still has so much mind share with people entering the market and that is all that keeps its price up.  Otherwise, over the past months it has been nothing but a heartwrenching and frustrating pain to use.  I literally grit my teeth when I had to move Bitcoin.  Other than the mindshare and the huge hashing power backing it, Bitcoin has nothing over any other coin.  I hope it does not become obsolete but I don't see moves being made to alter course.\n\nThe funny thing is that if fees do not go back up, that is a sound indicator that nobody wants to use it anymore.",
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      "author": "thebusinessman",
      "body": "Thanks for the answer my man Jake unfortunately I hate to say you're right Bitcoin is definitely becoming more and more obsolete and it sucks but the world is constantly changing only time will tell 😁 gave you a follow have a great day 😁💪",
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      "body": "Have the fundamentals changed?  Can the network process more transactions all of a sudden?  No.  100% non-sustainable without something supporting supporting it.  Bitcoin is cripple coin.  It will either become unusable or it will stop being used.  Those are literally the options until blocksize increase or LN (or something like it) becomes more than vapor.",
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      "author": "jaketherake",
      "body": "Thanks for the link to the old STEEM group.  I will see if I can make that Feb meeting.",
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      "author": "ruwan",
      "body": "Hi welcome.  I also joined the new Austin steemit Meetup group.  Hope to meet up in person soon.  I've taken some time off here but picking back up again.  \n\nThere are a lot of cool projects going on here.  I hope you start or become part of one.",
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      "author": "oldschoolrepair",
      "body": "yup, Mt. Gox almost got me... I got lucky, I did lose a tonne of coins to Cryptsy though. The issue I find with this site is the tagging system, it never really shows related fields, it has to be an exact match and people are tagging in a way to fish for votes. Not sure of the best way to connect because its a mix of two worlds. I think you would almost have to produce content and let the people come to you. It is a new world too, less than 600,000 users is pretty small user base considering most are probably bots.",
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      "author": "jaketherake",
      "body": "Oh, for sure, I have been around for a while.  2013 means that you were in on the first run up and Gox was not paying out withdraw requests by the end of the year.  I definitely don't consider my involvement close to Satoshi.  People had already started GPU mining before I had even heard of Bitcoin.\n\nI don't produce content so I may just be looking for my niche here.  Is there a good way to find and connect to people based on interests?  I assume that is through tagging.  I tried looking up SMTs through the tags and did not get anywhere.",
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