— SteemCN

jaredcwillis (60) · 7 years ago

I have found recently that the return just isn't there for me to spend the time putting together a post. I still poke around to see what everyone is up to, but I don't even bother looking at the trending page anymore. The state of the platform is not good in my opinion.

nokodemion (59) · 7 years ago

Is that a feeling about the state of the platform?

paulag (73) · 7 years ago

it is very difficult when the payouts are low but it is also an opportunity. If less people are posting then there is more of a chance of your post being found. Always look on the bright side :-)

$0.00

nokodemion (59) · 7 years ago

Miss Paulag,

Any idea how much, less posts and less votes, influence the inflation rate?

I mean the virtual inflation rate, not the fixed inflation rate.

paulag (73) · 7 years ago

I looked for some sort of correlation before and didn't come up with anything

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nokodemion (59) · 7 years ago

Miss Paulag,

Could you agree that monetary inflation (increase in supply) and price inflation (increase in price) of SBD influence the overall platform inflation rate? How much new steem is created everyday? (reward-pool).

josephsavage (65) · 7 years ago

I keep my spreadsheets current with voting values for @steembasicincome on a daily basis. One thing that I have noticed is that upvote values shown in Steemit (STU's) can behave in strange ways relative to price movements.
The user base grows more quickly than the reward pool, the % of total Steem voting power utilized responds to changes in crypto pricing, and the reward calculations use 3.5 day moving average of price feeds instead of live prices. These interact in somewhat surprising ways. Plus there are other factors.

Someday I would like to do a deep dive into trends across these components and suss out the real relationships and statistical evidence, to enhance my own understanding, but I have other priorities right now.

nokodemion (59) · 7 years ago

Why would you go that route? enhance your understanding of what?

josephsavage (65) · 7 years ago

To enhance my understanding of how those market forces and blockchain incentives actually interplay in practice. Understanding game theory, as applied to real world situations, is extremely helpful in the crypto space.

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nokodemion (59) · 7 years ago

Demand and Supply. Maximization of one's own payoff as a traditional economic model are the market forces in play.

Game Theory is non-existent on the STEEM blockchain.

paulag (73) · 7 years ago

do you really have to self vote every comment you leave?

$0.05

2 votes

nokodemion (59) · 7 years ago

Miss Paulag, greed is still greed even if it reaches for heaven.

There is a reinforcing loop (selfvote / upvote) also called a positive feedback loop active on the steem blockchain in which an action produces a result which influences more of the same action, resulting in growth.

This reinforcing loop (selfvote / upvote) is one of the two foundational structures of complex adaptive systems thinking implemented on the steem blockchain, the other being the balancing loop also called negative feedback loop (flag / downvote) in which an action produces a result which push in the opposite direction, a decline, and not growth.

So it attempts to move some current state (the way things are) to a desired state (goal or objective) ... you should have flagged me, or downvoted me ... but you didn't because you like me, as I like you.

What is this desired state (goal or objective)?

Whose desired state (goal or objective) is it?

With answering these questions we come upon some shady stuff.

We enter the arena of fixed inflation, virtual inflation, reward-pool, vested shares and stakeholders! All under the disquise of gamification.

This shady stuff, this added game perspective must be frowned upon.

In what desired state do you want to have me, before you kiss me?

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paulag (73) · 7 years ago

I dont think people should be downvoted if there self voting is not excessive. as you know Steemit has no set rules. I personally think that small account holders should self vote to grow their accounts. but within limit. Like self voting on a post to give it that initial boost, or self voting a comment because it adds value and by voting that comment it will raise it to the top and be noticed more. But self voting comments for no reason I don't think is good. I use to do it too, but when you look at the 'outstanding' steemit community users and you wonder why they are so well respected and you are not, the penny will drop.

I hardly flag, I would rather show people another way and discuss it. You missed out on votes I was giving on that post because you left so many comments and self voted all of them. You just dont know how many other votes you may have missed out on because of this.

Steem on my friend :-)

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paulag (73) · 7 years ago

if you do dive into the stats, do ping me. Would love to see what you come up with

josephsavage (65) · 7 years ago

well... i have lot of potential projects on my shelf. Maybe someday.

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haikubot (54) · 7 years ago

Well... i have lot of
Potential projects on my
Shelf. Maybe someday.

^{- josephsavage}

^{^{I'm a bot. I detect haiku.}}

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josephsavage (65) · 7 years ago (edited)

Potential projects-
On my shelf, I have many
All await someday.

-@josephsavage

I'm a person. If I want a haiku, I'll write it as a haiku.

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ecoinstant (68) · 7 years ago

Wow! Intentional haiku is way better!