@randowhale vs. whaleshares FIGHT!
When whaleshares was first announced, there was a lot of excitement about it within the steemit community. Shortly after there was some blow back from a few concerned parties.
The positives and negatives have already been covered, so I'm not going to comment on it. Theoretically these two services can be almost perfectly compared in this regard.
There are four major differences between randowhale and whaleshares.
Whaleshares utilizes bitshares, so you must have an account there. Randowhale requires you send 1 SBD through steemit.(price may change in the future)
Randowhale has randomized the vote 1-100 percent, so you don't know what your reward will be for your 1SBD. Whaleshares gives you a flat 1% per whaleshare you spend.
Whaleshares provides token giveaways and promotes community based quality rewards and minnow support.
Randowhale is a script that can be implemented on any account.
The Experiment
With all this hype and controversy going around I decided to put these two services to the test with a pure use case.
Since I am already conducting a resteem study here I chose this same post for the randowhale vs. whaleshares: round 1.
First I sent my one and only SBD to randowhale and got the lucky 31%!
This increased the post payout from $4.10 to $6.70. A wonderful $2.60 for the price of 1 SBD.
Next I cashed in on 31 whaleshares to meet the same percentage vote as randowhale.
This time it increased my post payout from $6.79 to $11.01. Awesome, a $4.22 increase this time!
In the end I am happy with both services. 10/10 I will use both again.
Whaleshares wins the first round!
Its vote was worth more and I didn't have to pay for it since I received my shares as a giveaway.
This was a very close call
I have to admit that the random element in randowhale is super fun, but I wouldn't rely on it.
Randowhale was easier to use since I didn't have to utilize a different website.
Bottom line cash value gives whaleshares a commanding lead. $4.22 vs $1.60 ($2.60 vote -$1 charge)
I also like that whaleshares introduced me to utilize bitshares, and gives a minnow like me a fighting chance with the giveaways and rewards.
Feel free to tell me what you guys think and let me know what your experience is with these services.
The target for round 2 will be some unsuspecting noob so stay tuned!
I wonder if it would be better to posts that had no votes. I am pretty sure my upvote is higher for posts with higher payouts.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm not sure exactly how it works. Hopefully someone can tell me so I have a better understanding and can conduct a more accurate experiment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You need to factor the effects of the n^2 algorithm into your math/analysis. A second vote from a whale will always move the payout by a larger amount than the first under the current algorithm.
You also need to factor in the amount of SP and voting power of the two accounts. As of late last night, @randowhale's voting power was down to at least 50% or so.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks. I don't know exactly how it works, so round 2 will be the other way around. I'll also be sure to document the voting power on each.
If you could teach me the equation that would be great! Otherwise I will have to generalize a little bit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
one thing is incorrect here. whaleshares will always be worth 1% each. that is not something intended to be bent unless there is a significanly advantageous reason that outweighs the ridiculous level of mistrust that comes with messing with those variables.
Also, holding whaleshares tokens means they can accrue in value if steem goes up. Think of it as us being able to unlock the 90% of Steem value that is locked away.
SO imagine every whale with their own tokens...that give them incentive to build communities.
Randowhale is cute, but its purpose is not to build communities. It is a cute little play service like SteemDice. So they dont even really need to be "VS". :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'd also add that since you are powering up the account, holding tokens is good because the amount of steem accrued from an upvote will also increase over time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's true too. Thanks. Theoretically, both accounts could do this right?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
In theory but I have no idea what they are doing with that account, only what is going on with whaleshares. I plan on powering up an account to use for whaleshares too in the near future. Coming Soon- WalrusCoin!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
haha nice. I'll keep an eye out for it :-D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'll keep my eyes open for it too...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for notifying me of the error. I have edited and corrected my mistake.
Awesome, increasing value over time and community building. I'll be sure to include these facts in the next round.
Thanks for taking the time to comment @officialfuzzy !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think both experiments are worth exploring. I like how rando has everything on this chain available to all members.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Does make it easy and convenient.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You did it again, a very interesting experiment and a well written post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey thanks! It's really fun doing things like this. I love it!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Call me
a lazy bastardold fashioned but I like the simplicity of @randowhale and I shall be using his services again!Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm right there with you man. I only care about 2 things. Least effort and most money lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
How do we get whalshares to begin with?... Thats the low point of whaleshare... while randowhale is all about luck... So, i'm not totally convinced about any of this...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great question!
You can simply hang out here in discord whenever there is a givaway.
https://discord.gg/NTKXJhK
Or you can participate in a whaleshares contest like this one
https://steemit.com/whaleshares/@jphenderson/whaleshares-writing-contest-submit-your-article-for-a-chance-to-win-some-whaleshare-tokens
Let's hope things like this stop getting flagged so they can get better exposure.
I agree that the luck variable is a liability. It can be fun however.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanx for testing out this scientific crypto hypothesis for the community ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love doing things like this :-) I hope to have more opportunities in the future!
Thanks for checking it out man.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've wanted to be an unsuspecting noob so bad.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
HAHA I will decide based on the quality and value of the post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
how to use whaleshare services?
please
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Come visit us in https://discord.gg/NTKXJhK on discord and we will help you learn :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thankss
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I never actually knew what whaleshares was until now. Very cool comparison, thanks once again.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yea it's pretty awesome. If you want to hang out in the discord they give away shares on occation. https://discord.gg/NTKXJhK
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I might just have to do that. Thanks for the info.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
cool, see you there :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please I am new to randowhale and whaleshares. Please how to I use randowhale. Will I just send it 1 steem dolar and my post url? Please I need your guild. I hope to hear from you.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
They actually increased the cost. You now have to send 2 SBD to @randowhale and leave the link in the memo field. They also reduced the vote to 1-50%
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for the reply. Please one more question. I sent 1 bitshare to whaleshares from my openledger account and add my url link but I got no upvote from whaleshares. What is the problem and how can I get upvote with whaleshares?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Did you go to whaleshares.net and get the updated link at the bottom? Also you may want to use more than 1 whaleshare at a time. That's only a 1% vote (worth less than .02)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So how exactly does one acquire whaleshares? Is it not possible to buy them yet? Is there a link to a Discord server?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can simply hang out here in discord whenever there is a givaway.
https://discord.gg/NTKXJhK
Or you can participate in a whaleshares contest like this one
https://steemit.com/whaleshares/@jphenderson/whaleshares-writing-contest-submit-your-article-for-a-chance-to-win-some-whaleshare-tokens
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice post Akrid, can you suggest a way to buy whalshares?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You can buy them on the bitshares exchange since few people who won them in contests are selling. come check out our discord server for all the info and contests available!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Im already there :) Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yay :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit