Ecoer Logo
VOTING POWER100.00%
DOWNVOTE POWER100.00%
RESOURCE CREDITS100.00%
REPUTATION PROGRESS0.00%
Net Worth
0.124USD
STEEM
0.430STEEM
SBD
0.000SBD
Own SP
1.861SP

Detailed Balance

STEEM
balance
0.430STEEM
market_balance
0.000STEEM
savings_balance
0.000STEEM
reward_steem_balance
0.000STEEM
STEEM POWER
Own SP
1.861SP
Delegated Out
0.000SP
Delegation In
0.000SP
Effective Power
1.861SP
Reward SP (pending)
0.000SP
SBD
sbd_balance
0.000SBD
sbd_conversions
0.000SBD
sbd_market_balance
0.000SBD
savings_sbd_balance
0.000SBD
reward_sbd_balance
0.000SBD
{
  "balance": "0.430 STEEM",
  "savings_balance": "0.000 STEEM",
  "reward_steem_balance": "0.000 STEEM",
  "vesting_shares": "3030.042186 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "sbd_balance": "0.000 SBD",
  "savings_sbd_balance": "0.000 SBD",
  "reward_sbd_balance": "0.000 SBD",
  "conversions": []
}

Account Info

nameobolus
id1171715
rank1,471,135
reputation31884306
created2018-11-14T09:33:06
recovery_accountblocktrades
proxyNone
post_count2
comment_count0
lifetime_vote_count0
witnesses_voted_for0
last_post2019-07-09T08:45:42
last_root_post2019-07-09T08:45:42
last_vote_time1970-01-01T00:00:00
proxied_vsf_votes0, 0, 0, 0
can_vote1
voting_power0
delayed_votes0
balance0.430 STEEM
savings_balance0.000 STEEM
sbd_balance0.000 SBD
savings_sbd_balance0.000 SBD
vesting_shares3030.042186 VESTS
delegated_vesting_shares0.000000 VESTS
received_vesting_shares0.000000 VESTS
reward_vesting_balance0.000000 VESTS
vesting_balance0.000 STEEM
vesting_withdraw_rate0.000000 VESTS
next_vesting_withdrawal1969-12-31T23:59:59
withdrawn0
to_withdraw0
withdraw_routes0
savings_withdraw_requests0
last_account_recovery1970-01-01T00:00:00
reset_accountnull
last_owner_update1970-01-01T00:00:00
last_account_update2018-11-14T09:52:15
minedNo
sbd_seconds0
sbd_last_interest_payment1970-01-01T00:00:00
savings_sbd_last_interest_payment1970-01-01T00:00:00
{
  "id": 1171715,
  "name": "obolus",
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7eft6fR9pFhVNSxxGa8MTu9PuGzMUz8a9NZvw7zdbY2eTiUaUz",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5DDz87Sv3LjhGvtVBuqdXnQWZY6VAzz1o2Vcouph3GEapTDvLp",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8MhT97VxudutZFWmhsGHBwiPFUp77MQD1s92rUTFEm9VNHuuW5",
        1
      ]
    ]
  },
  "memo_key": "STM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF",
  "json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png\",\"name\":\"Obolus\",\"website\":\"https://www.obolus.com\"}}",
  "posting_json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png\",\"name\":\"Obolus\",\"website\":\"https://www.obolus.com\"}}",
  "proxy": "",
  "last_owner_update": "1970-01-01T00:00:00",
  "last_account_update": "2018-11-14T09:52:15",
  "created": "2018-11-14T09:33:06",
  "mined": false,
  "recovery_account": "blocktrades",
  "last_account_recovery": "1970-01-01T00:00:00",
  "reset_account": "null",
  "comment_count": 0,
  "lifetime_vote_count": 0,
  "post_count": 2,
  "can_vote": true,
  "voting_manabar": {
    "current_mana": 3030042186,
    "last_update_time": 1562661777
  },
  "downvote_manabar": {
    "current_mana": 0,
    "last_update_time": 1542187986
  },
  "voting_power": 0,
  "balance": "0.430 STEEM",
  "savings_balance": "0.000 STEEM",
  "sbd_balance": "0.000 SBD",
  "sbd_seconds": "0",
  "sbd_seconds_last_update": "1970-01-01T00:00:00",
  "sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_sbd_balance": "0.000 SBD",
  "savings_sbd_seconds": "0",
  "savings_sbd_seconds_last_update": "1970-01-01T00:00:00",
  "savings_sbd_last_interest_payment": "1970-01-01T00:00:00",
  "savings_withdraw_requests": 0,
  "reward_sbd_balance": "0.000 SBD",
  "reward_steem_balance": "0.000 STEEM",
  "reward_vesting_balance": "0.000000 VESTS",
  "reward_vesting_steem": "0.000 STEEM",
  "vesting_shares": "3030.042186 VESTS",
  "delegated_vesting_shares": "0.000000 VESTS",
  "received_vesting_shares": "0.000000 VESTS",
  "vesting_withdraw_rate": "0.000000 VESTS",
  "next_vesting_withdrawal": "1969-12-31T23:59:59",
  "withdrawn": 0,
  "to_withdraw": 0,
  "withdraw_routes": 0,
  "curation_rewards": 0,
  "posting_rewards": 0,
  "proxied_vsf_votes": [
    0,
    0,
    0,
    0
  ],
  "witnesses_voted_for": 0,
  "last_post": "2019-07-09T08:45:42",
  "last_root_post": "2019-07-09T08:45:42",
  "last_vote_time": "1970-01-01T00:00:00",
  "post_bandwidth": 0,
  "pending_claimed_accounts": 0,
  "vesting_balance": "0.000 STEEM",
  "reputation": 31884306,
  "transfer_history": [],
  "market_history": [],
  "post_history": [],
  "vote_history": [],
  "other_history": [],
  "witness_votes": [],
  "tags_usage": [],
  "guest_bloggers": [],
  "rank": 1471135
}

Withdraw Routes

IncomingOutgoing
Empty
Empty
{
  "incoming": [],
  "outgoing": []
}
From Date
To Date
2019/11/14 10:31:00
parent authorobolus
parent permlinkcosts-and-benefits-of-being-a-founding-member-of-the-libra-association
authorsteemitboard
permlinksteemitboard-notify-obolus-20191114t103058000z
title
bodyCongratulations @obolus! You received a personal award! <table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@obolus/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table> <sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@obolus) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=obolus)_</sub> ###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!
json metadata{"image":["https://steemitboard.com/img/notify.png"]}
Transaction InfoBlock #38165071/Trx de11ebd53b1136e49f255e06754fd0fd00cfe405
View Raw JSON Data
{
  "trx_id": "de11ebd53b1136e49f255e06754fd0fd00cfe405",
  "block": 38165071,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-11-14T10:31:00",
  "op": [
    "comment",
    {
      "parent_author": "obolus",
      "parent_permlink": "costs-and-benefits-of-being-a-founding-member-of-the-libra-association",
      "author": "steemitboard",
      "permlink": "steemitboard-notify-obolus-20191114t103058000z",
      "title": "",
      "body": "Congratulations @obolus! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@obolus/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@obolus) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=obolus)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
      "json_metadata": "{\"image\":[\"https://steemitboard.com/img/notify.png\"]}"
    }
  ]
}
crypto.piotrsent 0.001 STEEM to @obolus- "Dear @obolus. I hope you don't mind this little memo. Every week I'm trying to help and promote content published by few selected authors and today I would like to share with you post published by my ..."
2019/08/30 09:21:51
fromcrypto.piotr
toobolus
amount0.001 STEEM
memoDear @obolus. I hope you don't mind this little memo. Every week I'm trying to help and promote content published by few selected authors and today I would like to share with you post published by my friend @honarparvar: "WARNING: This might not be a trend!". I'm curious if you believe in TA and what's your opinion on using indicators while trading crypto. Share your opinion, I read all valuable comments. Piotr // LINK: https://steemit.com/trading/@honarparvar/warning-this-might-not-be-a-trend
Transaction InfoBlock #35996171/Trx 481ce94f1ebd9e55a3cb34dd32b7490b3fc50a59
View Raw JSON Data
{
  "trx_id": "481ce94f1ebd9e55a3cb34dd32b7490b3fc50a59",
  "block": 35996171,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-08-30T09:21:51",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "obolus",
      "amount": "0.001 STEEM",
      "memo": "Dear @obolus. I hope you don't mind this little memo. Every week I'm trying to help and promote content published by few selected authors and today I would like to share with you post published by my friend @honarparvar: \"WARNING: This might not be a trend!\". I'm curious if you believe in TA and what's your opinion on using indicators while trading crypto. Share your opinion, I read all valuable comments. Piotr // LINK: https://steemit.com/trading/@honarparvar/warning-this-might-not-be-a-trend"
    }
  ]
}
crypto.piotrsent 0.003 STEEM to @obolus- "Dear @obolus, I hope you don't mind this little memo. I've noticed that we both seem to share some interests with Libra and I would like to share with you link to publication by my good friend @honarp..."
2019/08/22 17:15:21
fromcrypto.piotr
toobolus
amount0.003 STEEM
memoDear @obolus, I hope you don't mind this little memo. I've noticed that we both seem to share some interests with Libra and I would like to share with you link to publication by my good friend @honarparvar, where we're discussing "Why Libra is getting so much attention". Personally I believe that this project isn't receiving enough attention and I would like to ask about your own feedback. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/cryptocurrency/@crypto.piotr/pwmocg
Transaction InfoBlock #35780716/Trx 64b164b24a0857241c4e0155e0247014568a4f74
View Raw JSON Data
{
  "trx_id": "64b164b24a0857241c4e0155e0247014568a4f74",
  "block": 35780716,
  "trx_in_block": 22,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-08-22T17:15:21",
  "op": [
    "transfer",
    {
      "from": "crypto.piotr",
      "to": "obolus",
      "amount": "0.003 STEEM",
      "memo": "Dear @obolus, I hope you don't mind this little memo. I've noticed that we both seem to share some interests with Libra and I would like to share with you link to publication by my good friend @honarparvar, where we're discussing \"Why Libra is getting so much attention\". Personally I believe that this project isn't receiving enough attention and I would like to ask about your own feedback. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/cryptocurrency/@crypto.piotr/pwmocg"
    }
  ]
}
2019/07/09 11:33:54
votermrakodrap
authorobolus
permlinkcosts-and-benefits-of-being-a-founding-member-of-the-libra-association
weight1000 (10.00%)
Transaction InfoBlock #34509862/Trx b94a5c7c804bb0f15ae41df8e1ebb3d8d266564d
View Raw JSON Data
{
  "trx_id": "b94a5c7c804bb0f15ae41df8e1ebb3d8d266564d",
  "block": 34509862,
  "trx_in_block": 10,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-09T11:33:54",
  "op": [
    "vote",
    {
      "voter": "mrakodrap",
      "author": "obolus",
      "permlink": "costs-and-benefits-of-being-a-founding-member-of-the-libra-association",
      "weight": 1000
    }
  ]
}
2019/07/09 09:13:45
voterfyrstikken
authorobolus
permlinkcosts-and-benefits-of-being-a-founding-member-of-the-libra-association
weight100 (1.00%)
Transaction InfoBlock #34507061/Trx 58a12b843f389e90be0672114a231a6f4c2b1c9d
View Raw JSON Data
{
  "trx_id": "58a12b843f389e90be0672114a231a6f4c2b1c9d",
  "block": 34507061,
  "trx_in_block": 19,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-09T09:13:45",
  "op": [
    "vote",
    {
      "voter": "fyrstikken",
      "author": "obolus",
      "permlink": "costs-and-benefits-of-being-a-founding-member-of-the-libra-association",
      "weight": 100
    }
  ]
}
2019/07/09 08:45:42
authorobolus
permlinkcosts-and-benefits-of-being-a-founding-member-of-the-libra-association
max accepted payout1000000.000 SBD
percent steem dollars0
allow votestrue
allow curation rewardstrue
extensions[]
Transaction InfoBlock #34506501/Trx 9153bc5dae0f3a332bec51d30a5f6f4759b5d1e7
View Raw JSON Data
{
  "trx_id": "9153bc5dae0f3a332bec51d30a5f6f4759b5d1e7",
  "block": 34506501,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-09T08:45:42",
  "op": [
    "comment_options",
    {
      "author": "obolus",
      "permlink": "costs-and-benefits-of-being-a-founding-member-of-the-libra-association",
      "max_accepted_payout": "1000000.000 SBD",
      "percent_steem_dollars": 0,
      "allow_votes": true,
      "allow_curation_rewards": true,
      "extensions": []
    }
  ]
}
2019/07/09 08:45:42
parent author
parent permlinklibra
authorobolus
permlinkcosts-and-benefits-of-being-a-founding-member-of-the-libra-association
titleCosts and Benefits of Being a Founding Member of the Libra Association
body![man-holding-dollar-note.jpeg](https://cdn.steemitimages.com/DQmdmHLXgA9g98APDJy3BYRKZsKgZj6nS4dVJZpSzQaSUtT/man-holding-dollar-note.jpeg) # 1. The Libra Association The association behind the Libra cryptocurrency, the brainchild of Facebook, has been created to decentralise the Libra network and ensure trust by its users. Arguably, worldwide distribution of the power among the one hundred founding members of the association could achieve just that. The membership is, however, only granted an exclusive club of companies and organisations. In this article we analyse, from a pure financial standpoint, how profitable it is to become a founding member of the Libra Association. # 2. Costs There are upfront costs to become a founding member. As of now, 28 founding members are already determined and they each paid a fee of $10M to bootstrap the development of Libra and its adoption. There are still many spots to be filled but given the global interest in Libra there is little doubt that more founding members will apply. The admission fee is likely to go up if too many institutions apply. Furthermore, being a member with a validator node inflicts running costs. ## 2.1. Hardware to run a validator node Here we assume the case of a cloud-based node because the prices are readily accessible. Libra nodes require large high-performance storage capacity. In fact, costs for running on-premise infrastructure are typically lower for fast systems with big capacity. Libra foundation recommends instances on AWS of the tier “m5.24xlarge” which has 96 cores, 384 GB RAM and 25 GBit/s public bandwidth. In our experience this is overestimating current hardware requirements to e.g. run similar blockchain nodes (for instance EOS mainnet nodes that support up to 5000 transactions per second). The recommended AWS instance comes with plenty of RAM. Yet, utilizing the many cores is tricky and often nodes run single-threaded except for some actions like signature validation. The hardware can therefore be better balanced if one does not rely on AWS. On AWS one instance costs around $3400 per month. Another big cost is storage. With 4 billion users, and about 3 kb storage per user, 12 TB of SSD storage is required. EBS storage on AWS provides SSD space with slow 250MBit/s bandwidth. Again AWS is not optimal but we’ll go with it for now. At $0.1/GB it sums up to another $1200 per month. Here we would like to note that currently SSDs up to 30 TB can be purchased at about $0.3/GB fixed costs can be purchased if servers are being used. For the whole system which would consist of two main net nodes, two test net nodes, load balancers and 0.5 FTE system administrator ($50k per year), the cost totals to about **$270k per year**. Component | # | Yearly Price/Item | Yearly Price ------------ | ------------- | ------------- | ------------- M5.24 xlarge instance | 4 | $40,800 |$163,200 EBS (12 TB of SSD) | 4 | $14,400 | $57,600 System Admin | 1 | | $50,000 **Total** | | | **270,800** ## 2.2 Other obligations In the document published by the Libra Association called “The Reserve” [1] we can see that earnings (see Section 3.3.) will be spent on > investments in the growth and development of the ecosystem, grants to nonprofit and multilateral organizations, engineering research, etc. These costs will not be paid by the founding members directly but will be subtracted from the dividends the members receive. There is no clear directive as to how much this might be but other blockchain projects have reserved hundreds of millions of dollars for such purpose. If a substantial sum, for example, $100M per year were spent on these investments, each founding member would receive **$1M per year less** dividends. # 3. Benefits The Libra Association describes the benefits of being a member in its technical whitepaper [3] as follows: > 1. An active role in association governance. > 1. Being eligible for new user incentives and transaction rebates. > 1. Deriving dividends from Libra Investment Tokens.” ## 3.1. Role in the Governance One of the roles as a member of the Libra Association will probably be assigning the basket of real assets that will back the Libra token. The Libra whitepaper [4] says the Libra token will be backed by, among others, a basket of currencies at its inception. The exact composition is not specified yet but likely to include USD, EUR, JPY, and GBP (We will see other countries lobbying to include their currency as well as association members that run a cryptocurrency fund pushing for the inclusion of BTC). The selection of assets as well as their weight distribution will be defined by the association. Also bonds will play a role in the Reserve. Taking part in these decisions can therefore influence the economy of other countries to a certain extent and grant significant power to founding members. The Libra Association also determines which investments are being made and which projects should be funded to strengthen the ecosystem. ## 3.2. User incentives and transaction rebates This item is left very unclear. One explanation is what has been done for other blockchains: a block reward for the entities running the validator nodes. If the network will require “gas” for the transactions, these user incentives could go to the validators. On the other hand, transactions by the founding member might be subsidised. ## 3.3. What is the Libra Investment Token? Libra Investment Tokens (LIT) are given to the early founding members that invested $10M or more. Each $10M will give them 1 vote, however, little is known how votes are connected to LIT as of now. One sensible scenario is that votes, which are used on-chain, are determined by the amount of LIT held. If there are 100 members and 10 invested $20M instead of $10M, there is a total of 110 votes. Even for the larger investors the voting power is capped to 1% but the dividends would be 1/55. Assets that back the Libra coin are referred to as the Libra Reserve. > The actual assets will be a collection of low-volatility assets, including bank deposits and government securities in currencies from stable and reputable central banks [2] This means once fiat money is deposited into the authorised resellers and new Libra coins are minted/burned, more assets need to be bought /sold. The management of the Reserve will be handled by the Libra Association. There are trading and management fees attached to changing the number of assets held. The trading size depends on the amount of minting and burning, which is independent, but, if done right, less than the size of the Reserve. For this type of passive investment we need to **subtract less than 0.2%** management fee from any interest/dividends of the assets. Assuming a reasonable scenario where 1 billion users each have on average $50 in their account returns (fees and costs from above subtracted) could be as high as **$8.7M/year** with 2.2% APR and flat distribution of LIT. # 4. Conclusion An important message is that all profits of Libra are generated with assets of the users (other stable coins like USDT and USDC follow the same business model). Basically, the users pay for using the service by not having the money in a bank account and receiving interest. Since banks in the current environment do not offer high interest rates to their customers, this does not matter much within the next few years but it will when interest rates start increasing again. The ROI for founding members is substantial (possibly **$8.7M/year**) if the network is reasonably successful. Altogether, holding the Libra Investment Token will generate a large revenue stream. There is a risk that interest rates go up and users of Libra will be less inclined to store their money in Libra accounts. Also the technical challenge to process transactions of more than a billion users might keep user experience (and deposited fiat money) low, resulting in smaller ROI. Costs of running the nodes are high for end-users but for founding members easily recovered. # References [1] https://libra.org/en-US/about-currency-reserve/#the_reserve, accessed 2019-07-04 [2] https://developers.libra.org/docs/the-libra-blockchain-paper, accessed 2019-07-04 [3] https://libra.org/en-US/becoming-founding-member/#overview, accessed 2019-07-04 [4] https://libra.org/en-US/white-paper/, accessed 2019-07-04 **Note:** This article is part of a series of articles released for the [Japan Libra Association (JIBRA)](www.jibra.org) ![jibra-logo-text.png](https://cdn.steemitimages.com/DQmbh1TutbFgHQpmgXzXWfeLNfXB6zZy9L6NSFQB36zBHto/jibra-logo-text.png)
json metadata{"tags":["libra","cryptocurrency","facebook","cloud","nodes"],"image":["https://cdn.steemitimages.com/DQmdmHLXgA9g98APDJy3BYRKZsKgZj6nS4dVJZpSzQaSUtT/man-holding-dollar-note.jpeg","https://cdn.steemitimages.com/DQmbh1TutbFgHQpmgXzXWfeLNfXB6zZy9L6NSFQB36zBHto/jibra-logo-text.png"],"links":["https://libra.org/en-US/about-currency-reserve/#the_reserve","https://developers.libra.org/docs/the-libra-blockchain-paper","https://libra.org/en-US/becoming-founding-member/#overview","https://libra.org/en-US/white-paper/","www.jibra.org"],"app":"steemit/0.1","format":"markdown"}
Transaction InfoBlock #34506501/Trx 9153bc5dae0f3a332bec51d30a5f6f4759b5d1e7
View Raw JSON Data
{
  "trx_id": "9153bc5dae0f3a332bec51d30a5f6f4759b5d1e7",
  "block": 34506501,
  "trx_in_block": 6,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-09T08:45:42",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "libra",
      "author": "obolus",
      "permlink": "costs-and-benefits-of-being-a-founding-member-of-the-libra-association",
      "title": "Costs and Benefits of Being a Founding Member of the Libra Association",
      "body": "![man-holding-dollar-note.jpeg](https://cdn.steemitimages.com/DQmdmHLXgA9g98APDJy3BYRKZsKgZj6nS4dVJZpSzQaSUtT/man-holding-dollar-note.jpeg)\n\n# 1. The Libra Association\nThe association behind the Libra cryptocurrency, the brainchild of Facebook, has been created to decentralise the Libra network and ensure trust by its users. Arguably, worldwide distribution of the power among the one hundred founding members of the association could achieve just that. The membership is, however, only granted an exclusive club of companies and organisations. In this article we analyse, from a pure financial standpoint, how profitable it is to become a founding member of the Libra Association.\n# 2. Costs\nThere are upfront costs to become a founding member. As of now, 28 founding members are already determined and they each paid a fee of $10M to bootstrap the development of Libra and its adoption. There are still many spots to be filled but given the global interest in Libra there is little doubt that more founding members will apply. The admission fee is likely to go up if too many institutions apply.\nFurthermore, being a member with a validator node inflicts running costs.\n## 2.1. Hardware to run a validator node\nHere we assume the case of a cloud-based node because the prices are readily accessible. Libra nodes require large high-performance storage capacity. In fact, costs for running on-premise infrastructure are typically lower for fast systems with big capacity.\nLibra foundation recommends instances on AWS of the tier “m5.24xlarge” which has 96 cores, 384 GB RAM and 25 GBit/s public bandwidth. In our experience this is overestimating current hardware requirements to e.g. run similar blockchain nodes (for instance EOS mainnet nodes that support up to 5000 transactions per second). The recommended AWS instance comes with plenty of RAM. Yet, utilizing the many cores is tricky and often nodes run single-threaded except for some actions like signature validation. The hardware can therefore be better balanced if one does not rely on AWS. On AWS one instance costs around $3400 per month.\n\nAnother big cost is storage. With 4 billion users, and about 3 kb storage per user, 12 TB of SSD storage is required. EBS storage on AWS provides SSD space with slow 250MBit/s bandwidth. Again AWS is not optimal but we’ll go with it for now. At $0.1/GB it sums up to another $1200 per month. Here we would like to note that currently SSDs up to 30 TB can be purchased at about $0.3/GB fixed costs can be purchased if servers are being used.\n\nFor the whole system which would consist of two main net nodes, two test net nodes, load balancers and 0.5 FTE system administrator ($50k per year), the cost totals to about **$270k per year**.\n\nComponent | # | Yearly Price/Item | Yearly Price \n------------ | ------------- | ------------- | -------------\nM5.24 xlarge instance | 4 | $40,800 |$163,200\nEBS (12 TB of SSD) | 4 | $14,400 | $57,600\nSystem Admin | 1 | | $50,000 \n**Total** | | | **270,800**\n\n## 2.2 Other obligations\nIn the document published by the Libra Association called “The Reserve” [1] we can see that earnings (see Section 3.3.) will be spent on\n> investments in the growth and development of the ecosystem, grants to nonprofit and multilateral organizations, engineering research, etc.\n\nThese costs will not be paid by the founding members directly but will be subtracted from the dividends the members receive. There is no clear directive as to how much this might be but other blockchain projects have reserved hundreds of millions of dollars for such purpose. If a substantial sum, for example, $100M per year were spent on these investments, each founding member would receive **$1M per year less** dividends.\n# 3. Benefits\nThe Libra Association describes the benefits of being a member in its technical whitepaper [3] as follows:\n> 1. An active role in association governance.\n> 1. Being eligible for new user incentives and transaction rebates.\n> 1. Deriving dividends from Libra Investment Tokens.”\n\n## 3.1. Role in the Governance\nOne of the roles as a member of the Libra Association will probably be assigning the basket of real assets that will back the Libra token. The Libra whitepaper [4] says the Libra token will be backed by, among others, a basket of currencies at its inception. The exact composition is not specified yet but likely to include USD, EUR, JPY, and GBP (We will see other countries lobbying to include their currency as well as association members that run a cryptocurrency fund pushing for the inclusion of BTC). The selection of assets as well as their weight distribution will be defined by the association. Also bonds will play a role in the Reserve. Taking part in these decisions can therefore influence the economy of other countries to a certain extent and grant significant power to founding members.\nThe Libra Association also determines which investments are being made and which projects should be funded to strengthen the ecosystem.\n## 3.2. User incentives and transaction rebates\nThis item is left very unclear. One explanation is what has been done for other blockchains: a block reward for the entities running the validator nodes. If the network will require “gas” for the transactions, these user incentives could go to the validators. On the other hand, transactions by the founding member might be subsidised.\n## 3.3. What is the Libra Investment Token?\nLibra Investment Tokens (LIT) are given to the early founding members that invested $10M or more. Each $10M will give them 1 vote, however, little is known how votes are connected to LIT as of now. One sensible scenario is that votes, which are used on-chain, are determined by the amount of LIT held. If there are 100 members and 10 invested $20M instead of $10M, there is a total of 110 votes. Even for the larger investors the voting power is capped to 1% but the dividends would be 1/55.\n\nAssets that back the Libra coin are referred to as the Libra Reserve. \n> The actual assets will be a collection of low-volatility assets, including bank deposits and government securities in currencies from stable and reputable central banks [2]\n\nThis means once fiat money is deposited into the authorised resellers and new Libra coins are minted/burned, more assets need to be bought /sold. The management of the Reserve will be handled by the Libra Association. There are trading and management fees attached to changing the number of assets held. The trading size depends on the amount of minting and burning, which is independent, but, if done right, less than the size of the Reserve. For this type of passive investment we need to **subtract less than 0.2%** management fee from any interest/dividends of the assets.\n\nAssuming a reasonable scenario where 1 billion users each have on average $50 in their account returns (fees and costs from above subtracted) could be as high as **$8.7M/year** with 2.2% APR and flat distribution of LIT.\n\n# 4. Conclusion\nAn important message is that all profits of Libra are generated with assets of the users (other stable coins like USDT and USDC follow the same business model). Basically, the users pay for using the service by not having the money in a bank account and receiving interest. Since banks in the current environment do not offer high interest rates to their customers, this does not matter much within the next few years but it will when interest rates start increasing again.\n\nThe ROI for founding members is substantial (possibly **$8.7M/year**) if the network is reasonably successful. Altogether, holding the Libra Investment Token will generate a large revenue stream. There is a risk that interest rates go up and users of Libra will be less inclined to store their money in Libra accounts. Also the technical challenge to process transactions of more than a billion users might keep user experience (and deposited fiat money) low, resulting in smaller ROI. Costs of running the nodes are high for end-users but for founding members easily recovered.\n\n\n# References\n[1] https://libra.org/en-US/about-currency-reserve/#the_reserve, accessed 2019-07-04\n[2] https://developers.libra.org/docs/the-libra-blockchain-paper, accessed 2019-07-04\n[3] https://libra.org/en-US/becoming-founding-member/#overview, accessed 2019-07-04\n[4] https://libra.org/en-US/white-paper/, accessed 2019-07-04\n\n**Note:** This article is part of a series of articles released for the [Japan Libra Association (JIBRA)](www.jibra.org)\n![jibra-logo-text.png](https://cdn.steemitimages.com/DQmbh1TutbFgHQpmgXzXWfeLNfXB6zZy9L6NSFQB36zBHto/jibra-logo-text.png)",
      "json_metadata": "{\"tags\":[\"libra\",\"cryptocurrency\",\"facebook\",\"cloud\",\"nodes\"],\"image\":[\"https://cdn.steemitimages.com/DQmdmHLXgA9g98APDJy3BYRKZsKgZj6nS4dVJZpSzQaSUtT/man-holding-dollar-note.jpeg\",\"https://cdn.steemitimages.com/DQmbh1TutbFgHQpmgXzXWfeLNfXB6zZy9L6NSFQB36zBHto/jibra-logo-text.png\"],\"links\":[\"https://libra.org/en-US/about-currency-reserve/#the_reserve\",\"https://developers.libra.org/docs/the-libra-blockchain-paper\",\"https://libra.org/en-US/becoming-founding-member/#overview\",\"https://libra.org/en-US/white-paper/\",\"www.jibra.org\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}
blocktradespowered up 1.524 STEEM to @obolus
2019/07/09 08:42:57
fromblocktrades
toobolus
amount1.524 STEEM
Transaction InfoBlock #34506446/Trx fd0dbf7e64b9baed22389e08ffb3b6f55e2d28b4
View Raw JSON Data
{
  "trx_id": "fd0dbf7e64b9baed22389e08ffb3b6f55e2d28b4",
  "block": 34506446,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-07-09T08:42:57",
  "op": [
    "transfer_to_vesting",
    {
      "from": "blocktrades",
      "to": "obolus",
      "amount": "1.524 STEEM"
    }
  ]
}
2019/06/19 15:49:27
votereos42
authorobolus
permlinkeos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange
weight10000 (100.00%)
Transaction InfoBlock #33939685/Trx b6acd1f395102cafe035436a1adf8fe53034b535
View Raw JSON Data
{
  "trx_id": "b6acd1f395102cafe035436a1adf8fe53034b535",
  "block": 33939685,
  "trx_in_block": 33,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-19T15:49:27",
  "op": [
    "vote",
    {
      "voter": "eos42",
      "author": "obolus",
      "permlink": "eos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange",
      "weight": 10000
    }
  ]
}
2019/06/14 07:11:24
parent author
parent permlinkblockchain
authorobolus
permlinkeos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange
titleEOS42 Audits and Verifies the Security of the Obolus Smart Contract Powering Switcheo Exchange
body@@ -25,18 +25,18 @@ y Audit. -sv +pn g%5D(https @@ -67,52 +67,52 @@ /DQm -a2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ +VKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ /Sma @@ -148,12 +148,14 @@ dit. -svg) +png)%0A%0A On M @@ -1914,161 +1914,4 @@ pto) - %0A!%5BSmart Contract Security Audit.png%5D(https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%2520Contract%2520Security%2520Audit.png)
json metadata{"tags":["blockchain","smartcontract","dex","crypto","security"],"image":["https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png"],"links":["https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit","https://chintai.io/","https://eosio.stackexchange.com","https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf","https://twitter.com/ObolusCrypto","https://github.com/oboluscrypto","https://t.me/ObolusOfficial","https://linkedin.com/company/obolus-crypto"],"app":"steemit/0.1","format":"markdown"}
Transaction InfoBlock #33785720/Trx 75a2d151c32969423aedae900f09d59bacf3c866
View Raw JSON Data
{
  "trx_id": "75a2d151c32969423aedae900f09d59bacf3c866",
  "block": 33785720,
  "trx_in_block": 7,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-14T07:11:24",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "obolus",
      "permlink": "eos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange",
      "title": "EOS42 Audits and Verifies the Security of the Obolus Smart Contract Powering Switcheo Exchange",
      "body": "@@ -25,18 +25,18 @@\n y Audit.\n-sv\n+pn\n g%5D(https\n@@ -67,52 +67,52 @@\n /DQm\n-a2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ\n+VKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ\n /Sma\n@@ -148,12 +148,14 @@\n dit.\n-svg)\n+png)%0A%0A\n On M\n@@ -1914,161 +1914,4 @@\n pto)\n- %0A!%5BSmart Contract Security Audit.png%5D(https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%2520Contract%2520Security%2520Audit.png)\n",
      "json_metadata": "{\"tags\":[\"blockchain\",\"smartcontract\",\"dex\",\"crypto\",\"security\"],\"image\":[\"https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png\"],\"links\":[\"https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit\",\"https://chintai.io/\",\"https://eosio.stackexchange.com\",\"https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf\",\"https://twitter.com/ObolusCrypto\",\"https://github.com/oboluscrypto\",\"https://t.me/ObolusOfficial\",\"https://linkedin.com/company/obolus-crypto\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}
2019/06/14 07:03:45
voterobolus
authorswitcheo
permlinkswitcheo-exchange-goes-live-on-eos
weight10000 (100.00%)
Transaction InfoBlock #33785567/Trx 3240ae4559e5ab5b7f2c91a5938d89862dcc90ca
View Raw JSON Data
{
  "trx_id": "3240ae4559e5ab5b7f2c91a5938d89862dcc90ca",
  "block": 33785567,
  "trx_in_block": 21,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-14T07:03:45",
  "op": [
    "vote",
    {
      "voter": "obolus",
      "author": "switcheo",
      "permlink": "switcheo-exchange-goes-live-on-eos",
      "weight": 10000
    }
  ]
}
2019/06/14 06:58:27
parent author
parent permlinkblockchain
authorobolus
permlinkeos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange
titleEOS42 Audits and Verifies the Security of the Obolus Smart Contract Powering Switcheo Exchange
body![Smart Contract Security Audit.svg](https://cdn.steemitimages.com/DQma2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ/Smart%20Contract%20Security%20Audit.svg)On May 27, 2019 EOS42 completed and issued an auditor’s report of the Obolus Smart Contract that powers EOS trading on [Switcheo Exchange](https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit). Apart from its involvement in the smart contract security business, EOS42 is also well known as a top block producer on the EOS blockchain and responsible for [Chintai](https://chintai.io/), the largest resource exchange in EOS. The lead auditor, Phillip Hamnett, who has reached an even higher reputation score than Dan Larimer on [Stack Exchange](https://eosio.stackexchange.com), previously audited large exchanges and platforms in blockchain resource and human resources. The goal of the audit was to corroborate the smart contract’s security and to ensure the contract’s ability to safeguard funds. The audit included a comprehensive source code review in order to identify any vulnerabilities in the contract. We are proud to report that Obolus Smart Contract was found to have no vulnerabilities nor outstanding issues. Hamnett reports that “[t]he contract conforms to all standards and is in very good condition.” All best practices for smart contract development on the EOSIO platform are applied. For more details, you can read the complete report [here](https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf). We always welcome any feedback from the community, so do drop us a note or join our channels below: · [Twitter](https://twitter.com/ObolusCrypto) · [Github](https://github.com/oboluscrypto) · [Telegram](https://t.me/ObolusOfficial) · [LinkedIn](https://linkedin.com/company/obolus-crypto) ![Smart Contract Security Audit.png](https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png)
json metadata{"tags":["blockchain","smartcontract","dex","crypto","security"],"image":["https://cdn.steemitimages.com/DQma2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ/Smart%20Contract%20Security%20Audit.svg","https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png"],"links":["https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit","https://chintai.io/","https://eosio.stackexchange.com","https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf","https://twitter.com/ObolusCrypto","https://github.com/oboluscrypto","https://t.me/ObolusOfficial","https://linkedin.com/company/obolus-crypto"],"app":"steemit/0.1","format":"markdown"}
Transaction InfoBlock #33785461/Trx e2a5e3060ebe82c3959b67906ddcdd37d51f24fa
View Raw JSON Data
{
  "trx_id": "e2a5e3060ebe82c3959b67906ddcdd37d51f24fa",
  "block": 33785461,
  "trx_in_block": 11,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-06-14T06:58:27",
  "op": [
    "comment",
    {
      "parent_author": "",
      "parent_permlink": "blockchain",
      "author": "obolus",
      "permlink": "eos42-audits-and-verifies-the-security-of-the-obolus-smart-contract-powering-switcheo-exchange",
      "title": "EOS42 Audits and Verifies the Security of the Obolus Smart Contract Powering Switcheo Exchange",
      "body": "![Smart Contract Security Audit.svg](https://cdn.steemitimages.com/DQma2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ/Smart%20Contract%20Security%20Audit.svg)On May 27, 2019 EOS42 completed and issued an auditor’s report of the Obolus Smart Contract that powers EOS trading on [Switcheo Exchange](https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit). \n\nApart from its involvement in the smart contract security business, EOS42 is also well known as a top block producer on the EOS blockchain and responsible for [Chintai](https://chintai.io/), the largest resource exchange in EOS. The lead auditor, Phillip Hamnett, who has reached an even higher reputation score than Dan Larimer on [Stack Exchange](https://eosio.stackexchange.com), previously audited large exchanges and platforms in blockchain resource and human resources.\n\nThe goal of the audit was to corroborate the smart contract’s security and to ensure the contract’s ability to safeguard funds. The audit included a comprehensive source code review in order to identify any vulnerabilities in the contract. \n\nWe are proud to report that Obolus Smart Contract was found to have no vulnerabilities nor outstanding issues. Hamnett reports that “[t]he contract conforms to all standards and is in very good condition.” All best practices for smart contract development on the EOSIO platform are applied. \n \nFor more details, you can read the complete report [here](https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf).\n \n\nWe always welcome any feedback from the community, so do drop us a note or join our channels below:\n· [Twitter](https://twitter.com/ObolusCrypto)\n· [Github](https://github.com/oboluscrypto) \n· [Telegram](https://t.me/ObolusOfficial) \n· [LinkedIn](https://linkedin.com/company/obolus-crypto) \n![Smart Contract Security Audit.png](https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png)",
      "json_metadata": "{\"tags\":[\"blockchain\",\"smartcontract\",\"dex\",\"crypto\",\"security\"],\"image\":[\"https://cdn.steemitimages.com/DQma2LkHxpy6Q94UM6stevMq5JKXv3th4iSLmErknv9sQTZ/Smart%20Contract%20Security%20Audit.svg\",\"https://cdn.steemitimages.com/DQmVKUeqGYsUeHGCm5UaNpAPhzvWL41yDGwXA7Ca32dLHbQ/Smart%20Contract%20Security%20Audit.png\"],\"links\":[\"https://switcheo.exchange/markets/EFX_EOS?utm_source=obolus&utm_medium=steemit&utm_campaign=pressrelease&utm_content=audit\",\"https://chintai.io/\",\"https://eosio.stackexchange.com\",\"https://github.com/oboluscrypto/audit-reports/blob/master/Obolus%20Switcheo%20EOS%20DEX%20Smart%20Contract%20Audit%20Report.pdf\",\"https://twitter.com/ObolusCrypto\",\"https://github.com/oboluscrypto\",\"https://t.me/ObolusOfficial\",\"https://linkedin.com/company/obolus-crypto\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
    }
  ]
}
2019/04/16 09:53:39
required auths[]
required posting auths["obolus"]
idfollow
json["follow",{"follower":"obolus","following":"switcheo","what":["blog"]}]
Transaction InfoBlock #32091092/Trx 395ebe8e828344eab68a444b3d4f87a59de88a3a
View Raw JSON Data
{
  "trx_id": "395ebe8e828344eab68a444b3d4f87a59de88a3a",
  "block": 32091092,
  "trx_in_block": 0,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2019-04-16T09:53:39",
  "op": [
    "custom_json",
    {
      "required_auths": [],
      "required_posting_auths": [
        "obolus"
      ],
      "id": "follow",
      "json": "[\"follow\",{\"follower\":\"obolus\",\"following\":\"switcheo\",\"what\":[\"blog\"]}]"
    }
  ]
}
2018/11/14 10:11:33
voterobolus
authordan
permlinkeos-example-exchange-contract-and-benefits-of-c
weight10000 (100.00%)
Transaction InfoBlock #27689779/Trx 2951dcec365710d47c5f4b800c989e236c14c87c
View Raw JSON Data
{
  "trx_id": "2951dcec365710d47c5f4b800c989e236c14c87c",
  "block": 27689779,
  "trx_in_block": 1,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-11-14T10:11:33",
  "op": [
    "vote",
    {
      "voter": "obolus",
      "author": "dan",
      "permlink": "eos-example-exchange-contract-and-benefits-of-c",
      "weight": 10000
    }
  ]
}
obolusupdated their account properties
2018/11/14 09:52:15
accountobolus
memo keySTM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF
json metadata{"profile":{"profile_image":"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png","name":"Obolus","website":"https://www.obolus.com"}}
Transaction InfoBlock #27689393/Trx 7708636aa3c0b656995abf84ebf8e1165f894bae
View Raw JSON Data
{
  "trx_id": "7708636aa3c0b656995abf84ebf8e1165f894bae",
  "block": 27689393,
  "trx_in_block": 20,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-11-14T09:52:15",
  "op": [
    "account_update",
    {
      "account": "obolus",
      "memo_key": "STM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF",
      "json_metadata": "{\"profile\":{\"profile_image\":\"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png\",\"name\":\"Obolus\",\"website\":\"https://www.obolus.com\"}}"
    }
  ]
}
blocktradessent 0.426 STEEM to @obolus
2018/11/14 09:33:06
fromblocktrades
toobolus
amount0.426 STEEM
memo
Transaction InfoBlock #27689010/Trx 2906c2df84a6afc0bdcad5b0d4c6c948d89e7f49
View Raw JSON Data
{
  "trx_id": "2906c2df84a6afc0bdcad5b0d4c6c948d89e7f49",
  "block": 27689010,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-11-14T09:33:06",
  "op": [
    "transfer",
    {
      "from": "blocktrades",
      "to": "obolus",
      "amount": "0.426 STEEM",
      "memo": ""
    }
  ]
}
blocktradescreated a new account: @obolus
2018/11/14 09:33:06
creatorblocktrades
new account nameobolus
owner{"weight_threshold":1,"account_auths":[],"key_auths":[["STM7eft6fR9pFhVNSxxGa8MTu9PuGzMUz8a9NZvw7zdbY2eTiUaUz",1]]}
active{"weight_threshold":1,"account_auths":[],"key_auths":[["STM5DDz87Sv3LjhGvtVBuqdXnQWZY6VAzz1o2Vcouph3GEapTDvLp",1]]}
posting{"weight_threshold":1,"account_auths":[],"key_auths":[["STM8MhT97VxudutZFWmhsGHBwiPFUp77MQD1s92rUTFEm9VNHuuW5",1]]}
memo keySTM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF
json metadata{}
extensions[]
Transaction InfoBlock #27689010/Trx 2906c2df84a6afc0bdcad5b0d4c6c948d89e7f49
View Raw JSON Data
{
  "trx_id": "2906c2df84a6afc0bdcad5b0d4c6c948d89e7f49",
  "block": 27689010,
  "trx_in_block": 4,
  "op_in_trx": 0,
  "virtual_op": 0,
  "timestamp": "2018-11-14T09:33:06",
  "op": [
    "create_claimed_account",
    {
      "creator": "blocktrades",
      "new_account_name": "obolus",
      "owner": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM7eft6fR9pFhVNSxxGa8MTu9PuGzMUz8a9NZvw7zdbY2eTiUaUz",
            1
          ]
        ]
      },
      "active": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM5DDz87Sv3LjhGvtVBuqdXnQWZY6VAzz1o2Vcouph3GEapTDvLp",
            1
          ]
        ]
      },
      "posting": {
        "weight_threshold": 1,
        "account_auths": [],
        "key_auths": [
          [
            "STM8MhT97VxudutZFWmhsGHBwiPFUp77MQD1s92rUTFEm9VNHuuW5",
            1
          ]
        ]
      },
      "memo_key": "STM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF",
      "json_metadata": "{}",
      "extensions": []
    }
  ]
}

Account Metadata

POSTING JSON METADATA
profile{"profile_image":"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png","name":"Obolus","website":"https://www.obolus.com"}
JSON METADATA
profile{"profile_image":"https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png","name":"Obolus","website":"https://www.obolus.com"}
{
  "posting_json_metadata": {
    "profile": {
      "profile_image": "https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png",
      "name": "Obolus",
      "website": "https://www.obolus.com"
    }
  },
  "json_metadata": {
    "profile": {
      "profile_image": "https://cdn.steemitimages.com/DQmVt8FPatUuf1Lf48HzgvDuebV5fS3Hdn9okbxcbDDsuHL/logo_trans.png",
      "name": "Obolus",
      "website": "https://www.obolus.com"
    }
  }
}

Auth Keys

Owner
Single Signature
Public Keys
STM7eft6fR9pFhVNSxxGa8MTu9PuGzMUz8a9NZvw7zdbY2eTiUaUz1/1
Active
Single Signature
Public Keys
STM5DDz87Sv3LjhGvtVBuqdXnQWZY6VAzz1o2Vcouph3GEapTDvLp1/1
Posting
Single Signature
Public Keys
STM8MhT97VxudutZFWmhsGHBwiPFUp77MQD1s92rUTFEm9VNHuuW51/1
Memo
STM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF
{
  "owner": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM7eft6fR9pFhVNSxxGa8MTu9PuGzMUz8a9NZvw7zdbY2eTiUaUz",
        1
      ]
    ]
  },
  "active": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM5DDz87Sv3LjhGvtVBuqdXnQWZY6VAzz1o2Vcouph3GEapTDvLp",
        1
      ]
    ]
  },
  "posting": {
    "weight_threshold": 1,
    "account_auths": [],
    "key_auths": [
      [
        "STM8MhT97VxudutZFWmhsGHBwiPFUp77MQD1s92rUTFEm9VNHuuW5",
        1
      ]
    ]
  },
  "memo": "STM8dF9cNzpbVF6eLqKoe8oevr9mKcbKV1tKWn6AbM579seV1QAyF"
}

Witness Votes

0 / 30
No active witness votes.
[]