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RE: UPDATE: Problem fixed || We are investigating the glitch that seems to have zeroed out 2-days worth of VYB rewards

I'll like to know, what is all the double trouble and stuff about?

The 'double trouble' 'was just a playful use of that term, because we were doubling the rate of the rewards pool (from 1/3 the full rate to 2/3 the full rate) and also doubling the voting window (from 2 days to 4 days). At the end of the testing phase, the rewards-pool rate will be full (see below for what that means) and the voting window will be the standard 7 days.


Is VYB not supposed to go with POB and release 50 VYB every 10 minutes (About 7200 every 24 hours)?

Once the testing phase is over, VYB will issue via the rewards-pool smart contract at the rate of 9 VYB every 2 minutes (6,480 VYB every 24 hours), plus VYB tokens will be issued to holders of VYBM (vybrainium miner tokens) at the rate of 1 VYB every 2 minutes (although those will actually be issued monthly). The VYBM miner tokens function like a 'tax', similar to the POB 'taxes' (which I believe are currently set at 10% of all author tokens earned when using the POB front-end and 20% of all author POB tokens earned when not using the POB front-end). The main difference between POB and VYB is that, with POB, the amount you will ultimately earn is less than the amount displayed by the front-end (and that differential differs depending upon whether you created the post using the official POB front-end or not), whereas with VYB, the amount displayed by the front-end is the full amount actually paid out to authors and curators (with exactly half going to authors and half going to curators).

The amount of the POB 'tax' and the beneficiary(ies) of that 'tax' can be changed at any time (and both have been changed at various times in the past), but those values are somewhat 'hidden' from normal view. With the use of VYBM tokens instead of front-end-based taxes, transparency is maximized -- you need only look at the wallets of the VYBM token holders to track how the 'taxes' are being administered and distributed.

This also represents a philosophical difference with respect to the purpose and use of front-ends. I (personally) believe every individual should be encouraged to use whatever front-end best suits their particular needs and preferences. For example, I like to create posts using peakd.com because of the way their template features work. When curating, I like to use the native front-end (for whatever token I am voting with) because it shows the estimated value of my vote denominated in that token.


If so, is the 7200 daily VYB not supposed to just go around based on the votes dispersed daily?

As mentioned above, the daily VYB distributed via the rewards pool will be 6,480 (once the testing phase is completed). I honestly don't know how the smart contract actually calculates and distributes those (it has to do with rshares and the timing of how those rshares are distributed). Vote strength varies at any given time based on the total number of votes and the staked VYB represented by each vote. For instance, during this testing phase, I have only sparingly voted using my staked VYB. The net effect of that means everyone else's VYB vote is slightly higher than it otherwise would be.


Also, I'll like to ask, every reward from VYB comes fully staked? Including curation rewards?

Yes, authors and curators alike receive their VYB from the rewards-pool smart contract fully staked.


Are the answers to these questions testing phase too?

I believe I have clarified in my answers above any differences that apply only to the testing phase. If anything is still unclear, let me know.

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Oh, Perfect, all questions answered. Thanks a lot, just one thing: when do you think the testing phase would end?

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