Maybe a witness can answer how it is possible for 8k Steem powered up to be withdrawn as 4 million STEEM
https://steemd.com/@ben?page=2
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My guess is that the amount of
steem_per_mvestsat that point in time (7 days after launch) was extremely high in addition to the total amount of liquid STEEM available extremely low. The earliest value-date I found is26,817,752.6on the 10th April 2016. Currently,steem_per_mvestsis at roughly499, which means it was 575,488x bigger. This is important as Steempower is calculated based on this value.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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is this data from before the change to what a mvest was?
as in once a mvest was close to a steem then was switched with a hardfork where everyone got 10 times their steem or something
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Thank you so much for linking a post of mine I feel so honored indeed! Keep it up. Have a great day!
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Nice find!
Is there a list of steem_per_mvests since the beginning? This figure each day would be really handy!
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I believe this is the case, Steemit Inc took advantage of the fact no one knew the power of vesting Steem and when there were no posts and no one competing, the inflation was insane.
Hence why they call it ninja mine.
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i thought the ninjamine was the time before this when the initial stake was created
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here is the premine period https://steemd.com/@steemit?page=15
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Looks to me like it was a loophole that was exploited. There's no surprises there.
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not exploitation if by design
what part in developing did @ben have?
he was one of the first and got one of the largest payouts and has an account called @imadev but no github
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Exploited if by incompetence of design.
I have no clue who that is or if he had any role. He clearly knew enough to code up a script for this so this was someone who knew the chain, knew there was a loophole or was testing, and knew how to write a few lines of python. You can do an investigation into who fits that character profile better than I can.
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ben = Ben johnson secret director of steemit inc
https://www.corporationwiki.com/p/2zgw0l/ben-johnson
going by github steem users and early knowledge of underlying workings i would guess revflash
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Not sure to be honest.
The account isn't Mined and I don't see any vesting withdrawal routes in/out.
It could be interest earnings, I hear that was pretty good at the start.
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These are the interests earned by @ben:
Hard to find some million STEEM out there ;)
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was there 1000's% interest at the beginning ?
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if it were so like this where did real steem creation begin because Steemit Inc staff members all received with 1000s of SP @blocktrades with the most receiving a transfer to vesting of 10k SP and a 7 k STEEM transfer
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