This is a follow-up to my previous post, How Steem Changes the Game for Open Source Software.
First and foremost, I want to thank the community here for showing me much love. While I am very grateful for the love of being on the Steemit homepage and for the rewards my post generated, I am talking about the love that everyone showed me in the comments. Thank you all so much for the comments and love you showed. Thank you, for not leaving me hanging in the wild, on the internet. The Steemit community, you are truly amazing. Seriously, thank you all so much!
A few days ago, I posted about, How Steem Changes the Game for Open Source Software. In the article, I presented ways that Steem can be leveraged to benefit open source software in the present and ways it can potentially be leveraged in the future.
Not even two days after I wrote on how game changing Steem is for open source, this happens. 
At this point, you may find yourself wondering a few things. When does
Payout rewards happen every 24 hours, starting from when the post is published*. When the network pays out a reward, it gives 75% of that reward to the author, and the remaining 25%** to the content curators. Content curators are the people who up-vote (the equivalent of a facebook like) posts. Content curators get rewarded for curating quality content on the network.
Within the Steem platform, you have STEEM, STEEM POWER (SP), and STEEM DOLLARS (SD or SBD). So I don't have to reinvent the wheel, here's a great post that explains the differences.
Out of the 75% reward that the author gets, half of it is given in steem power (SP) and the other half is given in steem dollars (SD or SBD). Steem dollars can be cashed out immediately while steem power is treated a bit differently. In the case of
At the current time of posting this article the current market rates are:
If we follow the math, we will see how much
22,264.246 ÷ 3.493745 = 6,372.60189281 STEEM
6,372.60189281 x 0.00536256 = 34.1734600063 BTC
34.1734600063 x 662.95 = $22,655.30
And there you have it. If
If you're an open source developer, and you're still not convinced of Steem, I don't know what will convince you. Last I checked, github doesn't pay you anything when you commit code, submit a new release, changelogs, etc.
*There's a soon to be update to the platform that changes the payout time to every 12 hours. Also, there is a mechanism in place to prevent people from gaming the system that could extend the payout time to greater than the default payout time.
**Any curators who up-vote within the first 30 minutes of the post being published, will share a portion of their reward with the author. This is for good cause to prevent gamification of the system.
