The whales can't do anything right, can they ?
If they power down, they cash in on all those buy walls and the STEEM price is tanking.
If they keep their power, the system is unfair, because minnows can't power up.
If they vote, it's usually unfair, because they didn't take enough time to find the hidden gem.
If they don't vote ... well ...
So everybody is crying to decentralize the voting power.
They come up with curation pools. To me this sounds like centralization
Whales aside
I expected, that with the rise of dolphins the system would balance out.
I expected the new middle class to be empathic and welcoming.
They would know the struggle and support their followers, I thought.
Turns out: They don't really care.
In Steem.chat, it's harder to get a reply from a dolphin, than from a whale.
We have these new stars shooting up, and they are sitting on 99.5% Voting Power.
0.5% down from upvoting their own material
Most dolphins aren't the heroes I expected them to become.
Cash in all SBD and transfer it out: ok
Cash in on reposting/featuring your followers: hm ok
Too lazy to spend 20 minutes of your day reading: hm k
Not even voting with 1% on a comment under your post, that you even answered to and agreed on: not ok
Taking someones idea from their blog and not leaving a single vote: disrespectful
Featuring a post, but not voting for the OC: come on ...
If we can't establish an etiquette, the value of this platform will probably not increase.
All the talk about fairness and donations: Voting Power is free !
Why are you not using it ?
I will try to offer my services through streemian by xeroc, if I can manage.
I vote a lot.
If you feel like you want to put your voting powers to use, I could curate for you, then.
Some minnows struggle for a cent, even though they provide adorable, easy to vote on content.
It would be much better though, if the dolphins just moved their mouse a little more and clicked.
I think there's a mix of people treating this as an investment and others who want it to be a great content site. I think it's possible to do both, but you can't force them. We minnows need to do it for fun and just hope to get the odd reward. My votes don't make much difference, but I do it to show support.
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It's necessary to do both.
I got arround 6 SP this week for curation.
That's 0.5% on my total investment in a week.
to me not voting appears to be senseless greed - it won't pay out
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Good post!
I have over 300 followers now and feel like only half of them ever voted for my posts, I'm not even talking about reading.
Personally I'm checking my feed several times a day, it's not that hard.
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My VP target is 80-85% which correlates with 40-50 votes per day (except for comments I´m always voting 100%). That´s roughly the number I can handle while maintaining a reasonable curation standard.
I actually start getting a bad conscience when my VP goes up beyond 90% since I then feel like not fulfilling my duty that I have as a stakeholder of this platform. We are all Steemit gardeners and we are all responsible to grow the content we want to see by watering it with our votes.
Regarding the voting slider, I really believe that this option should (again) be exclusive for the whales and maybe the biggest orcas. It remains elusive to me, why dolphins would distribute sub-100% votes.
So, I need to stop here as my VP has recovered back to 92%. There is work to do for me now.
Steem on and distribute!
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I sometimes reward a comment with 1%, then go on that users blog and upvote with full power there.
That's why I recommend to offer at least one cute, easy post on your blog ;)
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Yes, as said, for comments I sometimes vote with less than 100%. But I wouldn´t mind losing that option. I haven´t seen an analysis on this but my gut feeling tells me that rewards on comments have dropped significantly over the past 4-5 weeks. Which is contrary to fostering the social element in our network.
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The option is built in for everyone; If you access the blockchain only through Steemit.com, that's when it's limited.
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Very good post @felixxx. I just promoted it with $1 SBD - If you are low on voting power, there is always a way to show some appreciation ;-)
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Good idea, I´ll do the same :-)
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I'm not sure this really matters. Maybe I'm conceptualizing the system wrong and someone can correct me, but I thought the rewards pool was finite for a given period of time and voting simply decides how to distribute those rewards. When I first started I was under the impression that my vote would pay out a set amount based on how much SP I had but this is untrue. By not voting, you're not holding back any rewards from the community. Only voting on a handful of pieces of quality content a day should be perfectly acceptable.
Imagine there are only 100 dolphins and whales and they each vote on 1 different article a day. Then imagine all 100 cast an up vote to each of those same 100 articles. In the first scenario each article only gets 1 up vote, in the second scenario they each get 100. But the total payout should be exactly the same, even though in the first scenario 100 votes were cast, and in the second scenario 10,000 votes were cast.
As you're voting on content with your 20th vote of the day, it's actually decreasing the payout of the person you voted on with your 1st vote because you're continuing to reallocate the reward pool. Making it a point to increase votes from users will serve to spread the rewards more widely, but it will also be more shallow. I would think that over the course of a few weeks or months there is no noticeable difference. Fewer daily votes would simply result in more variance and a larger standard deviation of the payout of each individual post. With fewer votes Minnows would have a mix of posts that score pennies and posts that score $50. A greater amount of daily votes results in posts being rewarded at a more predictable median amount, but over a period of time the cumulative effect should be comparable.
Again, I could be wrong. But that's the simplified understanding I currently have!
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I think your explanation of the reward pool is correct.
Your analysis then is also correct.
I'm trying to make a point for the motivational aspect this has to human users.
This is not just statistics, but also a social network.
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I agree. There was another post recently discussing adding more game like elements and social rewards such as badges and achievements to unlock. I hope we'll simply see steem calculated out more decimal places. Even the tiniest of rewards seems more like a score and gives progress and motivation. I think it will also be necessary assuming steem is successful and grows in value and attracts big names or brands capable of carving out big chunks of the rewards. Almost every curation and posting action should see some reward, however small.
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gamification is what we need.
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Upvoted and follow you! You're telling good things but from my pint of view only hardfork can solve problem with SP distribution.
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Curation trails on streemian are disabled or not working (at least that's what I see when I log in there).
Are the curation trails working?
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I don't know, because I was too lazy to even check ...
Will have a look soon ...
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Just for reference, this is what I see.
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I just click and up-vote away, till my voting power reaches 70%!
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My voting power sits at around 75%... I never get the chance to power back up. Too many awesome people, not enough powers. Ahhhhh, the dilemma!
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I try to keep it over 90%, but dip onto to 80s quite often. I haven't really understood the system - must read when I have time.
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I believe, that if you run below 10k SP, your vote is mainly motivational.
I sometimes get ok curation rewards, but it wouldn't be worth the time, if I tried it for profit.
I just vote away
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I'm sure my followers all run at 100%. That's good right?
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that's funny I just made an article on that https://steemit.com/steem/@cryptohazard/you-know-you-are-a-fish-when-your-rewards-disapeared-because-steem-price-went-down
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Food for thought, Thank You
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Good post, agree on all points. Sorry for the generic comment, have nothing to further add.
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