Reward.app Update - I Am Using My Own Earnings To Compensate

in I Am Alive Challenge12 days ago

Here I write an update about the current incompatibility of ALIVE token author rewards and @reward.app, plus that I am compensating for it with my own earnings.


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Hi there and welcome to my blog, my name is Erik Gustafsson and I go by the handle @flaxz.

Reward.app Update - I Am Using My Own Earnings To Compensate

So yesterday I found out that @reward.app is not compatible with earning author rewards in ALIVE tokens on posts, and I made a video explaining this and also notified all affected accounts, and the video with it's description can be seen here, Reward.app - Is Not Yet Compatible With ALIVE Token Earnings.

I have now decided to take my own earnings in ALIVE tokens to compensate the affected posts, and I have started to pay out to the posts who have a past payout, and I can there see exactly what the author reward is for each post.

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Some posts also have a lower beneficiary set to @reward.app as you can see below, and that is also adjusted for since that is the only part affected.

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The List Of Affected Posts And Paid Out Compensation

Here is the full list of affected posts and I have used my @flaxz.alive account to pay them the same amounts that was sent to @reward.app (and in case you wonder those are decimal commas).

#UserALIVE Payout% Reward.appAuthor RewardsPost
1@city-bounter16,4969816,833https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-34
2@beecouture56,9259559,922https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-5
3@tobywalter23,7710023,77https://www.wearealiveand.social/hive-155221/@tobywalter/iaac-day-272-the-irony-of-life-
4@city-bounter16,53310016,533https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-35
5@ddn68812,96310012,963https://www.wearealiveand.social/hive-155221/@ddn688/post-38-flashback-saturday-336a48c4ff11b
6@femcy-willy49,2710049,27https://www.wearealiveand.social/hive-155221/@femcy-willy/iaac-day-220-having-fun-at-my-friends-wedding
7@tobywalter19,39410019,394https://www.wearealiveand.social/hive-155221/@tobywalter/amalive-challenge-day-273-saying-happy-sunday-to-you-all
8@city-bounter17,54810017,548https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-36
9@lizaboss41,08510041,085https://www.wearealiveand.social/hive-155221/@lizaboss/iaac-day-40-journey-mercy-qrri0w
10@beecouture14,7889715,246https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-day-6
11@ddn68810,99510010,995https://www.wearealiveand.social/hive-155221/@ddn688/am-alive-challenge-post-39
12@tobywalter17,30510017,305https://www.wearealiveand.social/hive-155221/@tobywalter/iamalive-challenge-day-274-praying-to-god-for-a-break-through-in-my-application
13@lizaboss11,0319511,612https://www.wearealiveand.social/hive-155221/@lizaboss/iaac-day41
14@beecouture97https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-day-7
15@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-37
16@femcy-willy100https://www.wearealiveand.social/hive-155221/@femcy-willy/iaac-221-i-will-definately-achieve-my-goals
17@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-37-qruru0
18@tobywalter100https://www.wearealiveand.social/hive-155221/@tobywalter/iamalive-challenge-day-275-celebrating-with-my-pastor-that-but-a-car
19@beecouture100https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-day-8
20@femcy-willy100https://www.wearealiveand.social/hive-155221/@femcy-willy/iaac-222-visiting-a-family-friend
21@tobywalter100https://www.wearealiveand.social/hive-155221/@tobywalter/i-am-alive-challenge-day-276-appreciating-every-one-who-has-contributed-one-or-two-things-to-my-success-stories
22@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-39
23@femcy-willy100https://www.wearealiveand.social/hive-155221/@femcy-willy/happy-birthday-to-meiaac-day-223
24@tobywalter100https://www.wearealiveand.social/hive-155221/@tobywalter/i-amalive-challenge-day-277-celebrating-420-with-friends
25@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-40
26@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-41
27@lizaboss95https://www.wearealiveand.social/hive-155221/@lizaboss/iaac-day-44
28@crystalwills98https://www.wearealiveand.social/hive-155221/@crystalwills/i-am-alive-challengeday-17a-beautiful-morning-as-the-sun-arises
29@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-42
30@ddn688100https://www.wearealiveand.social/hive-155221/@ddn688/am-alive-challenge-post-43
31@city-bounter100https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-43
Total308,103

I will keep on updating this with more payouts once per day as more posts are paid out on the blockchain, until the above posts have been compensated.

Now as I said above I made comments yesterday notifying all above mentioned accounts about that @reward.app was not compatible with ALIVE token earnings, unfortunately I have seen several posts today from some of them posted after that notification.

Those newly added posts will not be included in any compensation from me, it is one thing to compensate them when they did not know about this, even though I was also not aware, and there is a completely different thing if they have been notified but still continue to use @reward.app despite that.

As I also said in my video yesterday we will change how Scotbot works so that ALIVE token earnings are compatible with @reward.app, but not now, that will happen when we enable the miners since we need to update Scotbot for that too, and each time we do an update has a cost of 100 BEE.

Why Not Use @reward.app Anyways?

Now if you are using @reward.app you obviously need the money fast as it gives you all Hive rewards in liquid form, so why would it make sense to stop using it until Scotbot has been updated?

Apart from the fact that you do get both the Hive Power and the ALIVE tokens in payout which over time is more than just a Hive payout, in most cases you actually earn more value in liquid form directly on payout from your ALIVE tokens than from your Hive payout.

In the table below I show what each post in the posts that have so far been paid out actually earn in a comparable way, and we are comparing the value in Hive of the ALIVE tokens that was just paid, with the Hive that was paid from @reward.app that would otherwise come as Hive Power, the HBD is irrelevant since it would be paid out the same way regardless.

#UserHive Reward.appHive Value ALIVEALIVE PayoutPost
1@city-bounter0,0550,51116,496https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-34
2@beecouture0,0651,76456,925https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-5
3@tobywalter0,3160,73623,77https://www.wearealiveand.social/hive-155221/@tobywalter/iaac-day-272-the-irony-of-life-
4@city-bounter0,2440,51216,533https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-35
5@ddn6880,4390,40112,963https://www.wearealiveand.social/hive-155221/@ddn688/post-38-flashback-saturday-336a48c4ff11b
6@femcy-willy0,231,52749,27https://www.wearealiveand.social/hive-155221/@femcy-willy/iaac-day-220-having-fun-at-my-friends-wedding
7@tobywalter0,9610,60119,394https://www.wearealiveand.social/hive-155221/@tobywalter/amalive-challenge-day-273-saying-happy-sunday-to-you-all
8@city-bounter0,2010,54317,548https://www.wearealiveand.social/hive-155221/@city-bounter/i-am-alive-challenge-day-36
9@lizaboss0,071,27341,085https://www.wearealiveand.social/hive-155221/@lizaboss/iaac-day-40-journey-mercy-qrri0w
10@beecouture0,1670,45814,788https://www.wearealiveand.social/hive-155221/@beecouture/i-am-alive-challenge-day-6
11@ddn6880,6990,34010,995https://www.wearealiveand.social/hive-155221/@ddn688/am-alive-challenge-post-39
12@tobywalter1,1310,53617,305https://www.wearealiveand.social/hive-155221/@tobywalter/iamalive-challenge-day-274-praying-to-god-for-a-break-through-in-my-application
13@lizaboss0,1940,34111,031https://www.wearealiveand.social/hive-155221/@lizaboss/iaac-day41
Total4,7729,551308,103

I used the price of the standing buy orders that is present in Hive-engine to calculate the value of the ALIVE token here, which is at 0.031 Hive, the market does have a big spread though, but the reason is that this is a price that you can sell the tokens for right away.

Now as you can see in 4 out of 13 cases you got more money in your pocket using @reward.app, but in the other 9 cases the money in your hand was less than if you had skipped it, and the total show that skipping it gives you double the money in hand on average.

So not only do you earn more money over time by skipping @reward.app for the time being, but in most cases you also get more money right away ready to be spent by skipping it.

Thank You!

Thank you very much for reading this post and I hope you liked it, leave your thoughts in the coments below, and ...

Stay Awesome!

Sincerely,
Erik Gustafsson

My profile on PeakD

My profile on We Are Alive

This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.


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I really appreciate your kindness you are a good man I must say God bless you @flaxz

Thanks Toby, I hope it will help and also note that this is limited to the posts mentioned above who where all published before this was discovered and I had notified everyone about it, enjoy your day.

!BBH

Yes I know

Just making sure.😉

Smile

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

That's so generous of you to pay these account form your share.
We really appreciate that.
Is there any alternative to rewards app that we can use meanwhile.
Please let us know if we can help fixing this anyway.


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Thanks a lot man, yeah I do what I can to help them get rewarded for the posts that was published before they got the notice, if they keep using that dapp then they do so knowingly, anyways they do earn more rewards up front in value from their ALIVE tokens, at least most of them, lets hope that they want to hear, and as I said we will update the settings on Scotbot to fix it but not now, enjoy your day.

!BBH

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

This is a good one.
It became a challenge when I saw your message on one of my posts about the incompatibility. But now, you've solve it.
I'll stopped using reward app for my alive post.
Thanks for this that you've done.

Thanks Daniel, I hope it helps out the ones who where affected, do also note that it is limited to only the above mentioned posts which where all published before I had discovered and notified everyone about it, enjoy your day.

!BBH

Yeah. Okay boss.
Have a great day too

👍🙏🥳

Because this is such an awesome post, here is a BBH Tip for you. . Keep up the fantastic work

Thanks for the tip