Yeah, so it turns out you can't give everyone a free lambo with linear rewards and then quadruple the Dank Amps (rewards) of those mega votes without consequences. In this case we're watching the rewards pool drain.
Definition
auto-self
vo- vote
rotic- sexy time
Asphiyxiation- Death by lack of air
What we're doing
We're literally strangling ourselves right now. The Circle Jerk was sooo huge that it's just started eating the rewards pool. That first day when we were giving $8K to some of the biggest authors is more akin to promising them like 7% of the rewards pool, but we did it to multiple authors, and everyone else was making more, so we promised more than 100% of the rewards pool that day. So, it drained.
@me-tarzan and his reward pool tracking
That image is from his post this week of - https://steemit.com/steemit/@me-tarzan/rewards-pool-i-have-charted-the-waters-for-you-june-27-2017
As you can see the reward pool is going down. Look at the slope of that curve.
(@me-tarzan Thanks for tracking that. I should probably ask you about including it here, but I'm also promoting you and your post. I'm a little unclear on the ethics. HMU if you feel robbed by me in addition to robbed by the pool)
My rewards were shrinking after my post earned
That slope remind you of any other? Oh, shit. It looks kinda looks like the drain on the reward pool! Correlation isn't causation, but I'm going out on a limb and saying what I'm seeing are linked.
So, what happens next?
What happens next is that the reward pool is going to drain until it reaches equilibrium with the speed with which these mega votes are draining it. It'll look like the post rewards in trending and other places have stabilized and are now lower (/cheer) but what has happened is the biggest giveaway to already rich posters and that much given to them has lowered the rewards of everyone else and will continue to do so until it stabilizes more (/stopcheeringandcryinside).
Funs over everyone. Go back to where you were before. Yes your minnow vote is worth more, but with the pool drained by the top posters it's gonna even out and ultimately not really help you. Sorry your views are down, sorry you can't vote on more than 10 things a day without draining your voting power, and sorry this may have killed your inter-minnow communication thing too. But we handed out a lot of steem to the richest among us and biggest users among us. So it was all worth it!
It's gonna look like a victory cause trending is down, but we just handed a lot higher of a percent to the biggest authors of what is now a much smaller pool for everyone. I think I remember reading someone suggesting there might be issues with this HF and some unintended consequences of it...
Side note Curation and Comments are up!!!
Hey, well at least here's a victory everyone will agree is a great thing. Commenting has gone up TWOFOLD since this hardfork. People are now actively commenting more and literally twice as much of the reward pool is going there.
It's probably just self voting and stealing more from all of us
Yeah, so you noticed all those $100+ comments peeps are spraying all over themselves now? Yeah... well it turns out that drains the pool too. Pretty sure we didn't all miraculously decide to love one another's posts more and spend twice as much in the comments section on someone else. We're now just mooning our own comments. So, sad panda on that. Seems like giving everyone the ability to free lambo the shit out of themselves didn't do as much for balanced curation as we were promised.
A radical idea
Can we go back to 40 votes for starters? It seems part, if not all of this, was a bad idea. I remember someone saying something about this being a bad idea before I got here too... Here's some perspective from the white paper (@dantheman).
In order to realign incentives and discourage individuals from simply voting for themselves, money must be distributed in a nonlinear manner. For example a quadratic function in votes, i.e., someone with twice the votes of someone else should receive four times the payout and someone with three times the votes should receive nine times the payout. In other words, the reward is proportional to votes2rather than votes. This mirrors the value of network effect which grows with n2the number of participants, according to Metcalfe’s Law
Assuming all users have equal stake, someone who only receives their own vote will receive much less than someone who receives votes from 100 different users. This encourages users to cooperate to vote for the same things to maximize the payout. This system also creates financial incentive to collude where everyone votes on one thing and then divides the reward equally among themselves.
Other than that Everything IS AWESOME!!!!
We ultimately have a distribution problem. Back end hacking linear rewards was meant to fix that. It appears to have worked out well in some ways and had some pretty crappy consequences in others
Vote for @aggroed for witness.
There are a few things at work here. First, the rewards pool was over-filled after the HF 19 hit. Second, users began allocating rewards at a faster rate that has since returned to normal to match user voting habits. Third, the price of STEEM (all crypto) dropped last week and is slowly returning. All of this contributes to the fact that you saw really high rewards that are slowly shrinking. We are quickly moving towards a new equilibrium in reward payouts. It is entirely too soon to draw any sort of conclusion over the success or failure of linear rewards.
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meh. 1. quanitfy "over-filled." 2. return to normal = drained the pool. 3. price flucuation didn't really factor in too hard because it's a price average over teh course of a week so a flash crash doesn't totally fcuk the trend. meh
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We reduced the amount of time the rewards algorithm takes into account for the moving average. Which means there was more STEEM in the reward fund than rshares were accounting for. This change was motivated by the fact that it took far too long for the rewards algorithm to respond to the whale voting experiment after HF 17. This will let the rewards algorithm to respond a little bit faster to changes (about twice as fast).
Price average is 3.5 days. STEEM had been dropping in price for a week, so yes. It would have impacted it.
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Thanx for the explanation. I found a developer. great work. I just arrived 13 days ago on the platform.. I love it. You have a dutch name. where are you from?
Maybe read my blog about my once in a lifetime family trip to the US. I hope I can reach it with dedication to steemit. thx and bye
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It is my opinion that HF19 has scratched the itch the community has had since the beginning, but as you point out, the dust has not fully settled after all the action. However, the issue of comment self upvoting, which has now become an epidemic, still needs to be addressed and not only does it look bad, it's diverting rewards from the central purpose of Steem.
By the way @vandeberg, I used to hate you. Now I see you are simply a bit more conservative than I am, which is fine, and perhaps it shows more maturity inheres in you than me. However, as the leadup to the mandate for the HF19 change shows, sometimes audacity and the courage to act ton convictions is also important for the health of the community.
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I figured there had to be a reaction to the sudden increase in rewards. That doesn't mean it's not a little sad.
Thank you for your explanation!
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A+ on the gif
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This is to be expected from the gf 19 update.
Let it slowly reach a stable ground and things will go back as they. Err before hf19 with the exception that people are going to have a bit more of so and fluidity in voting. It's not cool having 1k following with a vote power of 2$
😎
Cheers and all the best
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Sorta. Except the mega posters are richer and self voters are getting mad lootz
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Hopefully we get a ew balance in the next hard fork.
Or some sort of fix about this.
I mean if you're hogging all the stuff sooner or later its going to suffice the community... I've noticed a post of mine had 120/130$ now it's down to 79. ;(
But I'm still happy.. Don't really get more than 12 20 😃 at best.
P.S cheers for the good work, at least I must admit that you are awesome. Keep on spreading the love.
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shocker the greedy slicksters remained the same, effing shocked...NOT, great post
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A vote power of 2 $!?? I have posts that got over150 votes and they don't even go over2$ 😂
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I couldn't agree with you more @aggroed....Everything at first was all Smiles and rainbows when HF19 happened, now people are starting to relize that it is the draining the pool rewards.
I think it has to do with all the new people signing up which is a great thing!! It will make its way back up.
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the drain is from whales overpromising the rewards pool to top posters from what I can tell. Oh, and a healthy dose of self-voting.
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How do you find that chart with the reward pool numbers? Thanks for the post mate.
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@me-tarzan made it. It's in a recent post that I linked in teh article.
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To comment on this, I think this Idea is better than what we have now. However, I already foresee ( the same people draining the rewards ) making multiple accounts to upvote their main account. So in a way it won't really solve the problem that much but at least it is an extra step for the abuser to take rather than seeing how simple it is now to upvote themselves for $$$ with posts and comments with equal to no value.
On a side note, I really enjoyed reading this. Very enlightening and hope to see more posts like this. A view of a whale looking out for minnows :)
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That's always struck me as odd too. I get how you wouldn't want two accounts, with half your net worth in each upvoting each other (under a quadratic model), but you could have one account with 100%, upvoting an empty sock puppet account, getting the full amount, either pre or post hf19.
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Oh yeah that makes sense too.
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My biggest complaint is simply the lack of views.
I was just starting to get traction before hardfork.
However, it has got me into communicating more in the comments of posts I like.
Since my amount of votes has been reduced, where I place that vote has become more important to me... So now I'm digging deeper into people's content... Seeking better content... And since I can't just throw votes around, I'm spending more time with the content that I've found and enjoying.
Hardfork has changed my views, it's changed my payouts, but it's also changed my behavior... So I'm not complaining...yet
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yeah, pretty sure that was the intended consequence. I'm discussing the uninteded consequences associated with that one. I don't think it was worth it.
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to a large extent the increased decay rate is mitigating the worst of it but as I say:
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This was fascinating to read. I am learning about Steemit as I go (little minnow here) and this explains a lot of my initial questions.
I came in about 2 days before HF19 so I don't know what it was like before, but I'm with you when you say you hope the voting evens out soon (also I like the quadratic suggestion. I get a lot minnow upvotes).
I love the platform, I love the concept, but I still find I am putting out content I am working very hard on with little to no reward. I won't give up, but some days it's more challenging.
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Yeah. Posting is a great way to start for a minnow. Short posts. Lots of good comments.
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That's the goal. I try and bring quality content in short bursts. I'm also posting across quite a few topics right now to see where I receive the most feedback.
Also, thanks for the feedback. It is appreciated!
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Don't shitpost but it isn't worth 10hrs on a post 8 minnows read.
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I'm usually in the 30 min range right now. 1 hour at absolute outside max. I am an experienced blogger, so hopefully I will make it work on this platoform like I have on others
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Before HF19, you get less pay from minnow votes. If whales voted on you, you made a lot. Now, Minnow and Dolphin votes pay much more. HF19 was amazing at the start but now these greedy people are just voting on themselfs...
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The law of compound interest is in your favour. The more you win, the more you hold, the more you will be able to win. I did this for almost 6 months starting in late August last year, and I accumulated 20,000 steem power, of which maybe 3000 I put in from my welfare payments. Those power ups ended up growing over 400%
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I think I need to read more about this reward pool because I was of the understanding that the pool was fixed and that it was handed out to people on a percentage basis (post vests/total vests).
But yea, a lot of people said at the time, and I agree, that changing vote scaling AND the cost of voting at the same time was a bad idea.
Most people will read about HF19 and gain from it - 10 votes per day maximum. They are not limiting their voting. Everyone votes for their own posts so they aren't being cut so it's slightly worse than 1/4. Sure the votes are worth more, but it's less interaction (being replaced by commenting).
HF19 effectively gave us the ability to add 4 votes to a post, but for minnows without the slider it means we can't go any smaller than that (without external tools).
Would lowering the bar for access to the vote power slider be a solution?
How about introducing a minimum value for the slider so if your vite has to be worth at least X amount or you can't cast it, and give the slider to everyone?
The solution has to be spreading the love, not consolidating it.
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Yeah, so many issues to sort out at once. Tough to know all of what's going on. It hurts my head just thinking about it.
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Here's a painkiller for your headache.🍷
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100% upvote from me, because I like jerking you off @aggroed
I knew this was going to happen but have kept my mouth shut on the subject. I gave up trying to voice improvement ideas long ago, there's no use when a centralized few decide what happens regardless of better options voiced by a community of enlightened folk. All we can really do is sit back and watch this place burn, or hopefully succeed; hopefully.
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Gotta speak up. This place is important.
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Loool!
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This place IS important @aggroed and I thought the whole point was that a "central few" COULDNT do this. Vote collusion and self vote self delusion are things we can't ever stamp out completely, but how do we prevent "how votes work" collusion by the "core few"?
I thought the whole point of witnesses was a bit like the electoral college and we the people, pick you in the steeple to run the church for us. Am I wrong?
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Nice post. Seems like this could also be viewed as a one time redistribution of steem. Many accounts that got paid were accounts with high reputation and many followers. These were often long time steemians even if not the best writers. I think the one time distribution is good and will balance out in the end. The self voting is likely to be a problem. We do need some exponential (maybe 1.1?) but I think the 10 vote works especially if more accounts get the slider. Maybe if they don't have enough power it could be 1/3, 2/3, 3/3 slider.
We probably did overcorrect for exponential rewards and minnow influence but it was still a step in the right direction .
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The ease with which substantial rewards can accumulate from self voting is going to be the next big problem. It's going to lead to a decline in quality and maybe 20% of rewards will have nothing to do with community opinion, which is the central purpose of the system.
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including linear autovorotica
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Anything wrong with having a new hardfork that disallows self voting?
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Funky... yeah the self vote can be used as a way to elbow your comment to to the top of a comments section. Sad to see that go, but I'd give that up to have whales up biting themselves to lambo land.
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Or maybe have it so self votes are always just 1% of voting power or something.
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Yeah, it's impossible to enforce and should not even be considered:
Sock puppets, multiple accounts, delegation, trading votes, etc.
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Is the reward pool definitely falling because of the voting change? It's not the 25% fall in steem price working through over a rolling average period (which is now slowly rising again?). I'd be interested to see all the mathematical formulae underlying the reward pool and rewards. I couldn't find the HF19 actual math anywhere (although I've seen lots of explanations of the basics).
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Very valid point, can anyone chip in on this factor?
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Supposedly, there was also some sort of backlog of rewards that was expecting to be cleared out this first week. I'm not sure how much of a factor that is.
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He is showing graphs of the steem, not the value at exchange.
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Similar to Thomas Edison, we are figuring out a few of the hundreds of ways not to make a light bulb. Thanks for getting this info out, so it hopefully brings it to the forefront.
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Yeah. It's an experiment. I appreciate experimentation. But making huge tweaks to help curation and lead to a shot ton of other mistakes isn't good either.
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All I can say is it sucks for serious bloggers who join the platform.
I have been getting questions from newbies like why dont my posts earn at all. And we keep explaining that it's a balance of posting the right content and connecting with people who are reading that kind of content--ultimately bloggers /artists/ photographers building each other up for some rewards. I hope that's still true to some extent so these content creators keep posting. I agree with @jonny-clearwater, we are more careful now on who and what we upvote after hf-19.
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Finally my monitoring of #rewardpoolrape paid out.
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The most illuminating thing to me is that the comments vests invested when from 77M to 280M. We see a quadrupling of the amount spent in comments. Pretty sure that's not people suddenly more interested in other's posts. Pretty sure that's flat pool raping.
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Some people think Poolraping at 1/10 by individuals is more legit that poolraping at 1/40 by bots and these dumbass trails.
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I'm squarely in the fuck both category. Working on some exposure. We'll see if I can pull it off.
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Agreed, I'd so delegate my SP to autoflag low view high reward posts.
Sorting by $ per views would expose many of the autovoters.
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What about high SP abusers? That info might be coming sooner.
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What is that supposed to be ? High SP abuser ? Not much better people who post "Good post!" and upvote all their own comments.
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Gotta catch them both. Folks that upvote their own posts and comments. Gotta catch the folks that upvote smurfs. I'm working on the first half of that, but the accounts are going to be big ones I imagine. So, I can't flag, but I have an idea of some big meanies that would...
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@vangelov, @aggroed, @chiefmappster, @anarchospace, @gikitiki, @miniature-tiger, @parallaxx, PLEASE kindly resteem this post. This is the beginning of the end of steemit (I know that sounds bad, but that is the reality we are experiencing) It would be great if everyone who stopped by this article resteemed it. @sircork this is the answer to the questions we were poundering about earlier today!
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Sure thing mate, resteeming now
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It's not the end. It's just a call to action to tweak things again.
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I really hope so. I can feel the frustration in the air right now)) Thanks for the assurance. You're one of the most reliable people in affairs here. very few people have the balls to do what you just did. From the bottom of my heart, @aggroed THANK YOU!!!
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Hopefully things sort themselves out.
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Wow, I'm glad I read a post on self voting when I first got here and stopped the practice . .
Some of that comment rise is mine, I've turned into an obsessively opinionated commenter on anything that I think I know something about . .
and lots of questions on the stuff I don't :D
I love what you're doing, please make the needed adjustments so it can continue!
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I also liked the 40 vote count better, but seeing as my vote is only worth 0.02 at full power does it even matter for me? I assumed voting power only effected the payout amount, and it was better served for me to just upvote good content regardless of the number of votes I'd used to help those authors get to hot/trending so somebody with actual voting power could give them some money. (I'm assuming hot/trending is more weighted to number of votes and not the payout amount, is this correct?)
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Your Voting power is probably drained. look on steemdb.com or try $power michellerhy in the PALnet discord room.
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What are the chances of this being addressed and fixed?
I am still new here and in the figuring out phase, but this seems very self-destructive for Steemit long-term.
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It's just a HF away. Maybe.
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And I always comment on what I like. And do not look for reward. Not yet achieved the high ratings of 68 - 70.
I think that the vote will be unity. All want the big reward. And I have the voice Power is very small.
I wish you success. And tall!
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Thanks for confirming this I noticed that my reward for a 100% vote went down about 40% yesterday. I also saw a post that had (at the time) over $800, lots of votes but none of that love was given back by this whale.
Why do we have to wait until we have 1 million vests before we see the vote slider, especially now ?
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Jangan bunuh diri,,, bunuh diri itu dosa besar,,,
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Thank buddy for writing this. You answered all my questions. I always say underpromise, overdeliever, so Steemit has to do something to fix this. Authors getting the perceived reaction that they will receive a higher amount and then watch it piss away is not good business.
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Been here for about a week before the HF happened. I can't say all that much about the weight of vote because mine is worth nothing before and after. However, at least back with the 40 votes, a lot of people were more giving and a lot more could receive. Now, a lot are too busy saving the 10 votes for themselves and their own comments. And less votes limit genuine interaction because (as I've noticed) a lot are only commenting on other people's posts so they can self-vote their comment. Isn't it rude to be posting good cpmments on a post, not upvote the post but upvote your comment? But it happens because of the narrow vote limit. Heavy votes yeah but less people being reached. Bummer
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Whoa! tell it like it is why don't you. LOL
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It would seem that all of Steemit is experiencing a type of buyers remorse that will hopefully abate when the reward pool stabilizes...that still remains to be seen. On the issue of self voting comments, I would liken it to the Feds in the sense that they are taking money from the left pocket and placing it into the pocket on the right which does nothing because the rewards remained in the SAME PANTS!!!!!
I thought this is exactly what the HF was meant to fix but again I am still learning and am probably missing something. Hope your post is able to shed some light on this issue with the whales and higher ups (developer types) and they begin to vote, follow and resteem according.....time will certainly tell.
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@agorist seen this yet?
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everything is awesome my brooo
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@aggroed, steemit is beautiful because of people like you that tell it as it is without no apologies. It is always good to adress a problem asap and correct it before it pulls the whole system down. Its good that some good writers who have lots of influnce makes good money, however some are posting +2 times daily and making approx. 1K in each post which takes over the trending and hot section and thus no chance for other good writers (new members) .
Thanks and keep it up
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Yeah. I like a lot of those posters. I am just not sure giving 8% of the rewards pool to a single person in a 140000+ person ecosystem is what I'm looking for while representing minnow needs
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You are right, you have my support
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what a brilliant post, it's been super cool to watch all the data trickle in as things are tweaked and changed on the backend, to be honest thou, some other things have happened for me. getting comments at all where i used to go none on wordpress blogs is helpful, not having to pay hosting for said blogs is helpful, making a small amount sometimes more than my monthly residual skillshare courses is helpful, watching my followers go up and my steem invested back in, is helpful. so yeah, not so much monies but i'm in for WAY more than that.. . i hope these things will be discussed and solutions proposed, i feel like steemit has a way of balancing things out.
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Yeah. This is a great place with awesome potential. I don't write these cause I hate this place. I'm a huge fan and want to see it expand!
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i was not having a dig, more like that while their are always negatives and people acquiring their notion of wealth in a bubble of their own design other people have different calculations taking place, the way we spend our time on those efforts i guess is personal to each other. i have no doubt that holding dialog in open settings like these promotes activity and re-design and distribution, or at least, it's my hope - i'll always be looking for the positives in the current negatives and looking for that polarity shift! :)
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"HMU if you feel robbed by me in addition to robbed by the pool"
Had me laughing.
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What's the ethical thing to do here? I don't know.
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You gave him a shout-out, and you showed some love. That is perfect IMO. It would be unethical if you didn't say anything.
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So you're saying there's no free lunch? I am shocked. SHOCKED. The incentive design has to have a way that requires people to win over other people, not just themselves. HF19 is progress, but HF20 will have to fix some of the holes of HF19 that much is already clear. We have to see what HF19 equilibrium looks like and then think about how the incentive design can be tweaked for the better.
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Short term fix is to shine some light on self voting. Gonna see what I can do about that.
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Yup the balance of this place is going to take a while. Higher vote weight is cool but it was alot better before this fork. Bring back the 24 hour pay!
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What did you expect from a system that is so damn complex and many whales swimming around jerking them self's off in our seas making us blind with their spunk... : )
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Approximately this. I'm just smh that I'm the only witness concerned about it right now it seems.
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@neoxian is on board with you on this.
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Very interesting breakdown. I still dont understand a lot of these things about steem so this helps a lot, and I'll be reading @me-tarzan's post as well as following you.
I hope to see more analysis of steems inner workings in the future. Thanks!
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https://play.google.com/music/preview/T7befbo5vlt4mxnsgmi32e6rhpy?lyrics=1&utm_source=google&utm_medium=search&utm_campaign=lyrics&pcampaignid=kp-lyrics
In case anyone forgot the lyrics.
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@aggroed That the reward pool would be going down doesn't make any sense to me. It should be a steady amount of STEEM. From the FAQ:
There are only benefits to linear rewards. The problem of people upvoting their own comments just has been magnified. It always existed, but because people has so little power, they didn't realize it.
Regarding the comment rewards, it has probably way more than doubled, because you use figures of a 30 day moving average. It's lagging 3 weeks behind if i'm not mistaken.
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Yeah, well, the percent doubled, but it's actually already quadrupled. The pool is going down. That's for certain.
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I don't understand how that's possible with strict inflation rules of 9.5% to 9% in the first year.
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I just did the calculation and the inflation should go from ~65,000 STEEM per day to ~68,000 STEEM per day in the first year.
So the amount of STEEM reserved for the reward pool should only go up, the Dollar price depends on the value of STEEM of course.
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Great work
I didn't find word to descrption my feels
Fllow +. Upvote+
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I was starting to see a lot better payoffs after HF19, but now it seems to have cooled off a lot. And people seem to be commenting less because they seem to feel obligated to upvote when commenting, so that means more users are just getting ignored.
Funny thing is, I haven't upvoted myself since before HF19. I don't feel any temptation to, either.
I guess I'm just really boring and everyone else is just too concerned with the illusion of increasing their earnings by self-upvoting? Because overall, it doesn't seem to actually increase earnings. It just looks like it does.
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LOL, I wonder where it will end!
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@aggroed - being a newbie, all I can say is....
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This is what I'm doing about it.
https://steemit.com/steem/@l0k1/introducing-smackdown-kitty
Self voting by big accounts is definitely a drain on rewards especially when it comes to achieving the objective of rewarding quality, as measured by our peers. And there will be a tsunami of spammers coming if we don't address the problem quickly, and they have the potential to outdo the incumbent self voting whale population.
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Changing the vote target from 40 to 10/day was not a well rationalized decision and I expressed my disagreement with the change with a rationale to keep it as is before the proposed changes for HF19 were finalized but there was not enough support on the side of not changing it to effectively block the change.
Any changes to Steem, especially multiple changes affecting the same results, should be rationally scrutinized instead of blindly accepted or sycophantically cheered. I tried.
Thus we now have muddied results from the experimental change to linear rewards.
The comment from Vandeberg is on point regarding the reward pool.
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yeah, why not just go down to 1 vote that can take in all future rewards from the steem. Save yourself all of this headache and just upvote yourself once every 100 years...
Linear rewards is just a weird backdoor hack to fix distribution. Now it's leading to autovoting. Well, more autovoting. I miss the old pool with 2M. I miss 40 votes. I think I'm net positive on linear rewards for now, and overall slightly negative on this hardfork.
Thanks for visiting my page and sharing your thoughts.
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@aggroed As a minnow your posts are really helping teach me the ins and outs of steemit. But in this one are you not just stating the facts of every financial system ever invented? The money seems to always be funneled to the top 1% of the top 1%.
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I just wanna know where those hairy whale balls are.
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https://steemd.com/richlist @nicnas
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haha thx
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steemit.com/circlejerk/ lol that by itself gave me a smile thank you! @aggroed you make a lot of good points in this post very similar to what I mentioned at https://steemit.com/hf20/@jerrybanfield/we-double-our-steem-power-upvoting-ourselves-every-181-days but even better because a circle jerk allows for curation rewards as well as author rewards making it even better than just upvoting ourselves!
With flagging I think we already have a good solution because if their is an epic circle jerk somewhere then flagging should help remove those rewards. The problem with this is of course it could become a whale war with a circle jerk of down and upvotes which might be funny.
Seeing my own upvote give me $1 and watching me upvote or downvote a trending post for $100 was ridiculous. I like knowing I give everyone based on my voting power.
I don't know the answer and appreciate you helping us look more at it!
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Hey, you're a legend. Thanks for stopping at my wall. Yeah, problem seems to have bad enough that it halfed the reward pool over the last week or so. Good thing we handed so much steem to our already high paid top authors...
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This is tough, because the way it was before meant that a post could have 500 votes for it and make $1.07 if there were no whales in that 500.
So linear voting was introduced to try and even that out, and now we have this problem.
What's the solution do you think?
Cg
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distribution is the real problem. Get whales to sell or inflate through posting.
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OK, so it's more a behavioural solution, rather than a functional one?
Cg
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Greetings!
I felt that this article was very valuable to the Steemit community so chose to feature it in my project. If you would like to check it out you can. SteemON!
https://steemit.com/community/@quinneaker/quinn-s-quality-content-curation-q2c2-episode-4
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Wow! I had no clue about 98% of these things. Thank you for this info :) @aggroed
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Its quite a struggle indeed, as a minnow. Good to read this, i voted for youasa witness @aggroed
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Thanks!!!
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You are welcome. I think you are behind the minnow support too, isnt it. Very sympha. The only thing is its very complex -at least to me - how to join minnow support
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This is exactly what I was thinking. People are so amazed by how much they're vote is worth that they're using it to game the system (vote for themselves), leaving scraps for the rest. Interesting concept that I hope changes in the future. Note: I'm glad I could blow you mind from that comment last night lol
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yeah got me thining about commnts doubling.
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