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RE: How Did a Steemit inc Member Withdraw 4 million from 8k SP
My guess is that the amount of steem_per_mvests at 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 is 26,817,752.6 on the 10th April 2016. Currently, steem_per_mvests is at roughly 499, which means it was 575,488x bigger. This is important as Steempower is calculated based on this value.
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
Thank you so much for linking a post of mine I feel so honored indeed! Keep it up. Have a great day!
Nice find!
Is there a list of steem_per_mvests since the beginning? This figure each day would be really handy!
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.
i thought the ninjamine was the time before this when the initial stake was created
here is the premine period https://steemd.com/@steemit?page=15