So with one more push to actually get your attention, I have come up with what I think is a #steemit first.
Welcome to the ...... Yes, that is actually a thing now.
So what's the deal and what makes different??
Maybe I should call it the "community bank of Welshie" because that's who I'm hoping to serve and help.
Go back and ready my first blog about the bank of Welshie:
This idea sprung up as a tounge in cheeky experiment on how easy it is to get a currency circulating. Well, since all your support (NONE), it has made me rethink and actually come up with a better idea.
So what is a "WELSHIE"?
A Welshie is a paper currency backed by steem. 1 WELSHIE = 1 STEEM
HOW ARE WELSHIES CREATED?
As steem is deposited in the bank, then a Welshie is magiced in to existence and sent to the depositor.
What is the point of a "paper" WELSHIE when I can just send steem?
Originally, the Welshie was just meant to be a novelty item, used with in the #steemsilvergold community, but that didn't get any traction.
So, drumroll please......
Same design, same paper but totally different set up.
A very novel idea, a bank that actually works for its depositors.
Think of it as an investment, upvote, dividend, service that costs nothing to use.
So why would I go out of my way to do this?
This is an easy one. I'm like a dog with a bone, once I get hold of an idea, I won't let it go. I WILL make this work. Plus I'm all for helping total strangers and community members.
The bank will have 250sp delegated to it, by me, to start her up. This will be used to give out upvotes to her depositors.
Every steem deposited, will get a WELSHIE created. Every time a WELSHIE is returned a steem is returned and that WELSHIE is destroyed.
WELSHIES will be available for 1yr
The Bank of Welshie will be open for 3 Yrs. At the end of 3yrs, WELSHIEs will be returned and all profits split equally between each Welshie owned.
??Profits - Yes profits/dividends are generated by daily blogging. The blogs will be used to advertise the , to give weekly stats etc....
The 50/50 split post payout will be used - SP will be used to increase the upvote rewards and the sbd/steem will be used to put in to the bank and act as dividends.
EXAMPLE
Using autovote the 250SP will be used to give a daily upvote to the 3 of 10%, 30% and 60%. As the SP increases the voting % remains the same, but the value increases. As long as you hold the WELSHIE, you get an upvote.
After 3 yrs the bank has made an extra 50 steem through post payouts. The 3 people return all thier WELSHIES and get their steem returned plus a share of ALL the profits (50steem). Mr A gets an extra 5 steem, Mr B an extra 15 Steem and Mrs C gets an extra 30 steem.
Sounds complicated, but it's very simple.
Real world currency, whilst still utilising the rewards of steemit.
Long term investment in the #steem blockchain
A novelty item to be used to show potential investors in #steemit.
By accepting the "WELSHIE" in exchange for items, you'll get the benefits of upvotes and dividends (once proof of ownership has been shown to me).
Sorry I dragged on, but I tried to cover as much as possible.
Any other questions please ask.
THE COMMUNITY BANK OF WELSHIE IS NOW OPEN