I heard delegation prevents payout periods of more than 7 days. I heavily dislike that everything I and others write becomes worthless (in a monetary way) after 7 days and even if I see the upsides of delegation, I think the downsides outweigh.
RE: Not every perceived solution in code is exclusively a solution... sometimes they introduce new problems
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Not every perceived solution in code is exclusively a solution... sometimes they introduce new problems
Delegation existed before the 7 day payout thing was implemented so I don't think it has anything to do with that. When we first started it was a 24 hour payout, then for quite a few months we had a 24 hour payout followed by a 30 day payout. Not much was happening with the 30 day payout. Then they moved to the 7 day payout based upon a rolling average of the value of steem.
So we did have a second 30 day payout and it wasn't doing much. If they spread it out over longer periods that would change the algorithm and where funds would go quite a bit. It actually could make your payout worse.
So I don't actually see delegation having anything to do with this since it existed before the 7 day payout change if I remember correctly.
The delegation was made primarily to make supporting of different apps possible if I remember. It was more about being able to program a lot more types of things that can interface with the blockchain.
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@felixxx told me that if payout periods where to change, delegation would be a problem, because you could let multiple account vote with the same SP by delegating it after it payed out.
The downside of Steemit that old posts are not votable and further it makes little sense to sort old posts on your profile page (topic based homeage instead of boring timeline).
I would really like to change that, but if it would ruin the code, I guess I will postpone this topic ( until I understand those parts of the code :)
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Perhaps there is a way to game delegation that is opened by extending beyond 7 days. I haven't looked into exploits of that type.
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just to elaborate, because I did not get the exploit myself when @felixxx told me about it:
You vote for someone (potentially yourself on another acc). Then you delegate the power you voted with to another (one of yours) accounts. That takes 7 days to be effective. Now you can effectively vote twice on the same post with the same power.
I like delegation, but I would love to see posts getting valued even after the 7 day period. @steemads might be a solution, but for me it is not completely satisfying because I do not like adds :D
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The voting after 7 days won't amount to much. Like I said we did have a second payout for 30 days and it was barely being taken advantage of. The main payout was in 24 hours then and virtually all voting was in that time frame and very little in the 30 day period. They went to 7 days to try to spread this out and give more opportunity than the 24 hours. So they did try longer periods and it didn't seem to do much.
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Frankly speaking this is statistical non-sense, like when they "teached" us at college that a class between 22 and 27 students makes no significant difference in the learning experience and therefore class size does not matter.
Remind me to go further into detail but its really late right now
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The experiment did not last for 30 days. It existed for many months, the second payout was for 30 days.
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I am honestly shocked that you don't see intrinsic value in a post that is able to earn forever. It is one of the reasons why I am not so sentimental about the immortality of the blockchain of Steemit.
Btw do you have an opinion on the idea that the most immortal thing in our society are cities. Just heard Thiel make the argument that states come and go, but cities are there to stay once founded, minus a few rare exceptions.
It's a nice angle to promote more localism.
The sole solution being that we use globally accessable blockchains sounds a little bit... Globalistic :3
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Also yes thanks for the delegation response. That indeed would be a problem.
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