The Pot of STEEM #1

tpos (49) in steemit • 8 years ago (edited)

Welcome to The Pot of STEEM !

The idea is to give the gift of STEEM to the ones in need ;)

The rules are simple:

Send a tip of no less than 35 STEEM to The Pot of STEEM ( @tpos ).
Every friday the pot will pay equal amounts of STEEM to every participant.

All tips below 35 STEEM will be treated as donations and senders won't get any payout.

Check the transfers and pot's current balance here or ask the nice robot by replying with:

tpos:POT_BALANCE

Have fun :)

The Pot of STEEM was created by @murh,
and it's idea has derived from @craig-grant's "Bitcoin Pot Of Gold" post.

steemit steem introduceyourself thepotofsteem

8 years ago by tpos (49)

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stealthtrader (67) · 8 years ago (edited)

Theres already more than 70 STEEM and only 2 people so far.. so if anyone just puts in at least 35 STEEM you'll get MORE than that back :D

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tradz (58) · 8 years ago

Pot 0f Bitcoin AND P0t 0f STEEM ;)
We will soon need a p0t 0f Burst ;)

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murh (60) · 8 years ago

There's nothing in the way ;)

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owtblockchain (51) · 8 years ago

cool! I like this entire pot of gold idea!!

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craig-grant (75) · 8 years ago (edited)

should do payouts 3 times per week to build trust and raise excitement, a 7 days pot is too long to wait and is scary cause you can run away with 7 days worth of steem in the pot. A great way to build and maintain trust is doing 3 to 4 payments per week, plus most who get paid will do it again with higher amounts of steem.

tpos:ask:balance :)

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murh (60) · 8 years ago

I think you're right but I'm not sure that changing the rules while it's running will build trust either ...

3 times a week would be fine I think - 1st starts monday pays wednesday ... 2nd starts wednesday pays friday ... 3rd starts friday and pays sunday ... We could start it now by moving first payout from 17th to the 12th ...

Btw. the bot is temporarily dead because I'm reinstalling my server this weekend ... should be back on sunday or monday if everything will go as planned.

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craig-grant (75) · 8 years ago

do no specify when the payout will be. The rules would say "3 to 4 times per week" and you choose the time during the week, the payout being unpredictable makes it more fun and takes you off a schedule. The pot has just started so changing the rules for faster payout is a great change, not something anyone would complain about.

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konelectric (59) · 8 years ago

Make it a Radom pick of 3 to 4 times a week. If murh picks the day, people might wander if he is gaming the system.

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craig-grant (75) · 8 years ago

a human being has to pick the payout time if it's not a smart contract, and right now the pot has a human being, @murh will have to pick the payout time until a smart contract is developed

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craig-grant (75) · 8 years ago

anyone who put the minimum of 35 steem is gaming the pot, as they are guaranteed to get back more than they put in, it's all on the blockchain, no need for anyone to be suspicious of what anyone else is doing, it's there for everyone to see

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konelectric (59) · 8 years ago

Sounds good.

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tfeldman (65) · 8 years ago

yeah with the names attached it makes it much more interesting as you said in one of you videos about comparing the two pots. I like that we can see those trying to scrape every penny haha .

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konelectric (59) · 8 years ago

Being the first run, people might be putting in 35 steem to test it out. Look what happened with the bitcoin pot. You never know. I'll increace mine every week until i find the brake even point.

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murh (60) · 8 years ago (edited)

I'm really short on time right now so I'll probably pick some day in the beggining of next week for the first payout and annoucement of the new rules ... and then a random payout 3-4 times per week ...

The best case would be the TPOSbot picking a random date and making payouts ... but that'll take some work and even more testing ... maybe if I'll find the time ...

I agree with Craig that it'll be more dynamic with more frequent payouts and more interesting with random ones ...

PS. anyone interested in programming - check the bot's (v0.0.2) code here:
https://steemit.com/steem/@murh/the-machine-that-goes-ping

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craig-grant (75) · 8 years ago (edited)

sweet

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murh (60) · 8 years ago (edited)

thanks :)

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craig-grant (75) · 8 years ago

no added benefits, or requests.. just tips and payments

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murh (60) · 8 years ago

OK I'll trust your experience :) Updated

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craig-grant (75) · 8 years ago

perfect :)

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murh (60) · 8 years ago

Thanks for resteeming :)

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craig-grant (75) · 8 years ago

add a link to the blockchain transfers https://steemdb.com/@tpos/transfers

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murh (60) · 8 years ago (edited)

[UPDATE!]

TPOSbot v0.0.2

COMMANDS:
tpos:POT_BALANCE
tpos:POT_VERSION

more soon ;)

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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murh (60) · 8 years ago

tpos:POT_VERSION
tpos:POT_BALANCE

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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tpos (49) · 8 years ago

2017.02.11 23:52:07 [CEST]: pot's current balance is 855.974 STEEM

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murh (60) · 8 years ago

tpos:POT_VERSION

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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murh (60) · 8 years ago

tpos:POT_BALANCE

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tpos (49) · 8 years ago

2017.02.11 23:49:28 [CEST]: pot's current balance is 855.974 STEEM

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murh (60) · 8 years ago

tpos:POT_VERSION

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tpos (49) · 8 years ago

I'm TPOSbot, version 0.0.2

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pilgrimtraveler (68) · 8 years ago

Nice

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murh (60) · 8 years ago

[UPDATE!]
TPOSbot v0.0.1 is here ;)

Only one command is available at this point but I'll expand it's abilities over time.

To ask the bot about pot's current balance write a comment containing this sequence:

tpos:ask:balance

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screenname (66) · 8 years ago

This post has been ranked within the top 80 most undervalued posts in the first half of Feb 10. We estimate that this post is undervalued by $3.14 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Feb 10 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

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karenmckersie (74) · 8 years ago

Question: not sure if i will enter yet or not , but how do i tip people anyways !? Thanks ! Sounds like a great idea !💙👍😉

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murh (60) · 8 years ago (edited)

Thanks! :)

As for how it works - You'll tip the pot by sending STEEM to it's wallet @tpos and at the end of the week the pot will send back a share of it's whole wallet's balance to all of the participants. The share will be calculated by dividing the pot's balance by number of participants.

Everyone who sends 35 STEEM or more is considered a participant, while everyone who sends less will just donate to the pot's balance increasing the "pool" and every participant's payout.

For example if 100 people sends STEEM to the pot it can have 3 outcomes:

If all send just the minimum of 35 STEEM then everyone gets 35 STEEM back at the end of the week.
If half of them sends only the minimum 35 STEEM and the other half sends 70 STEEM then the total balance is 5250 STEEM and everyone gets 52.5 STEEM back.
If half sends the minimum 35 STEEM, a quarter sends 70 STEEM and the remaining quarter sends only 34 STEEM. The balance is 4350 STEEM but this time it's only divided between 75 people which means that every participant gets 58 STEEM.

Hope I didn't make it more complicated by trying to explain ;)

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karenmckersie (74) · 8 years ago (edited)

Ok cool ! i have no steem in my wallet right now as i power up all the steem i get for my retirement fund ! I do have 40.00 SBD that i will be powering up though soon , was wating for a good price to buy steem ! How are your tips going so far!?

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murh (60) · 8 years ago

You can now ask the pot's bot about the current balance by typing: tpos:ask:balance in your reply and it will give you the answer :)

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tpos (49) · 8 years ago

2017.02.10 23:51:46 [CEST]: TPOS's current balance is 398.869 STEEM

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tradz (58) · 8 years ago

Ok, the first payout will be next Friday the 17th? I'm in! Will be sending on over STEEM in a bit ;)

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murh (60) · 8 years ago

Yes on next friday ;)

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tradz (58) · 8 years ago

Sdz gd to me! I will def be in and just to make sure, we can add STEEM to the p0t anytime during the week, correct? Even on the day before payout?
Thank y0u Craig and Murh ;)

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ervin-lemark (71) · 8 years ago

Interesting initiative, congrats!

No tips yet on https://steemit.com/@tpos/transfers? Maybe you should be the first? :)

I don't have any Steem in my wallet at the time. If I collect enough by the end of the pot's time period I might chip in the 35 Steem.

Followed and appreciated on my Steemit Appreciation Friday No. 5 post. Thank you!

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tpos (49) · 8 years ago (edited)

Just testing ;)

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murh (60) · 8 years ago (edited)

tpos:ask:balance :)

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tpos (49) · 8 years ago

2017.02.10 23:29:47 [CEST]: TPOS's current balance is 362.869 STEEM

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murh (60) · 8 years ago

OK ;)

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konelectric (59) · 8 years ago

I'm going to give this a try. Sounds like fun. If it works out I'll give @craig-grant's "Bitcoin Pot Of Gold" a try.

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konelectric (59) · 8 years ago

Just seen seen Craigs latest post. Bitcoin Pot Of Gold is dead for now.

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murh (60) · 8 years ago

tpos:POT_BALANCE

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tpos (49) · 8 years ago

2017.02.12 18:05:22 [CEST]: pot's current balance is 1026.974 STEEM

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tfeldman (65) · 8 years ago

tpos:ask:balance

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murh (60) · 8 years ago

it's tpos:POT_BALANCE now :)

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tpos (49) · 8 years ago

2017.02.12 08:56:17 [CEST]: pot's current balance is 940.974 STEEM

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rahul.stan (63) · 8 years ago

When is the payout?

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murh (60) · 8 years ago

It was supposed to be on the 17th (friday) but will be sooner ... I'm rethinking some rules etc. ... for sure the payouts will be now more frequent - most likely every 2-3 days ...

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rahul.stan (63) · 8 years ago

Great!

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tpos (49) · 8 years ago

2017.02.12 08:57:13 [CEST]: pot's current balance is 940.974 STEEM

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murh (60) · 8 years ago (edited)

I've made a bot ...

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murh (60) · 8 years ago (edited)

for the pot ;)

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tpos (49) · 8 years ago (edited)

Hi, I'm that bot ;D

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murh (60) · 8 years ago (edited)

Now tell me how much money is in the pot

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tpos (49) · 8 years ago (edited)

TPOS's current balance is 362.869 STEEM ;)

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