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RE: Bounty: Explain how SPS works
From the official post: HF21: SPS and EIP Explained
The SteemDAO/SPS
The SteemDAO was a concept proposed by @blocktrades to allow Steem users to publicly propose work they are willing to do in exchange for pay. Steem users can then vote on these proposals in almost the same way they vote for witnesses It uses stake-weighted votes, but voters can vote for as many proposals as they want.
Yes so much i know. But how exactly is the money distributed. How many proposals get paid, when is the decision to pay or not to pay made etc? What happens if vote are
How many propsals get paid
For Long-Term SteemDAO Funding 10% of overall inflation (pulled from the rewards pool) would be used to fund proposals made through the SteemDAO/SPS. So from my understanding of that info, there is no exact number of max projects that are too be funded. Instead the max is based on the amount pulled from the rewards pool (10%). If one project was to get all that (not going to happen) then only one project would get funded.
I'm not sure if there is answers to your other questions yet. I think we may have to wait to see what projects get funded and then we may have those answers. I would be interested in knowing the answers as well.
I have actually tried understanding how does it get paid too... can't see this. Maybe there is a problem?
It should be seen SBD transferred as stated on the FAQ, but I don't see any of that being done @blocktrades?