Dustsweeping Your Comments. Dust and the Reward Curve.

in dustsweeper •  6 years ago  (edited)

Do you know comments (and posts) with a lower payout than roughly 0.02 STU are ignored at payout time? That's why they are called dust, they are not high enough to make it through.

Most comments have this issue, especially after STEEM price went well below $1. If a big account votes your comment with 1%, you will get nothing if you comment payout is below the dust threshold at payout time. When I vote with 50%, that is also below the dust level. I need to vote a comment with 65%, sometimes more to get it over the dust threshold.

Have you heard of @dustsweeper?

That is (was? - see below, next section) an interesting project, which will upvote your comments that have been upvoted but don't make it over the dust threshold.

How does it work?

Well, you send an amount of STEEM or SBD to @dustsweeper and it will add to your balance twice that amount. Why twice the amount? Because it will also earn curation rewards, which are used to grow the dustsweeper account further, along with delegations.

You will receive upvotes as long as you have funds in your balance.

The process was explained here:
https://steemit.com/community/@dustsweeper/ann-introducing-dustsweeper-a-new-service-to-turn-dust-into-profit

Ok, that sounds great! Because without dustsweeper (or self-upvoting your own comments if you have high enough SP, but such actions aren't very well received), you will lose the author and curation rewards of the comments and posts below the dust threshold.

Dust and the Reward Curve

Well, dust won't be the main issue with EIP, although more posts will be below the dust level.

Because it is likely that one of the main effects of the convergent linear curve will be a drop of engagement. Or at least upvoting comments, since most of them will be on the super linear side of the curve and those upvoting will be losing. A good counter balance proposal to this is reducing the curation window from 15 minutes to 1 minute, since many quickly respond/upvote via apps like Partiko as soon as notified of the comment. Reducing the curation window to 1 minute won't deprive them of most of their curation reward, like today.

And a service like dustsweeper that aims to bring your posts/comments payouts above dust level will lose its purpose, firstly because there won't be enough comments upvoted below dust level worth sweeping, and secondly because at the dust level it operates on a super linear curve, and it uses the SP inefficiently.

I heard stated that one reason for the EIP was to fight bidbots.

I believe this will actually empower them, in multiple ways. One of them I'd like to mention in this context is the need of more people to boost their posts' payouts above 16 STEEM, to make the rewards converge to linear.

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  ·  6 years ago (edited)

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  ·  6 years ago (edited)

16 STEEM, not $16

  ·  6 years ago (edited)

Great point, thanks! It's 16 STU. '$' is the same as used in steemit.com, but you are right, it's confusing. I'll update the post.

Actually, it's not even STU in this case, it's STEEM. Or most accurately it's an arbitrary rshares number that comes out equivalent to roughly 16 SP at payout.

#sbi-skip

Ah, ok. I thought it was STU, since we are talking about pending payouts.

Easy mistake. STU has always been a bad representation of pending payouts, though.

In actuality... upvotes have rshares, and those rshares are tabulated by the witness and rewarded with actual mvests and SBD at time of payout.

There is no such thing as STU, it's a total abstraction calculated on the fly to give an easy frame of reference for what the post value is likely to be at payout.

If you were to collect (or reassemble post hoc) a data series of what STU's were shown throughout a post's pre-payout life (even after last upvote comes in) you would find the 'margin of error' to be high that the number is rendered completely useless.

It would be a much better user experience if all Steem condensers showed pending author SP, SP/SBD for split payout posts, and didn't show curation rewards at all.

It would be a much better user experience if all Steem condensers showed pending author SP, SP/SBD for split payout posts, and didn't show curation rewards at all.

Actually that makes much more sense! A regular author always gets at least a little disappointed after payout, when he/she finds out the payout isn't as much as it was displayed right before the window closed, so to speak. The author doesn't take into account curator rewards. Why should he/she? And showing rewards of authors + curators together doesn't really help curators. I have an idea why they are still displayed together: they seem bigger to someone who doesn't know how they are split.

  ·  6 years ago (edited)

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At least the formula is clear, and from there one with enough understanding of rshare dynamics can draw a conclusion.

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