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Making Steemit Better: A Proposal to Flatten the Rewards Curve by clayop

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· @clayop · (edited)
Making Steemit Better: A Proposal to Flatten the Rewards Curve
*This is a joint post that is endorsed by each of the following people: @ats.david @clayop @donkeypong @gavvet @hanshotfirst @jesta @kevinwong @liberosist @sigmajin @smooth @snowflake @stellabelle @timcliff*

## Introduction

Since Steemit began almost a year ago, there have been many complaints about the disparity in its voting power and rewards distribution. The main source of this discontent has been the `n^2` system, which has concentrated voting power in the hands of large stakeholders, so called whales. In short, while there were good intentions behind this system and its lottery-style rewards, it has created an unfair game that only whales can play. The present system super-concentrates voting power for whales and leaves the masses with very little influence. 

It is time to fix Steemit and settle on a better distribution of voting power and rewards. And that is why a large group of us (many of whom do not agree on much else!) have come together to support a more equal system. We are posting today to urge Steemit Inc. to adopt a near-linear rewards curve.

## Criticisms of the Current n^2 System

“A handful of posts are draining the rewards pool”. “Whales vote for popular content, not the best content.” “Why do we need these large-scale curation guilds just to do the job of distributing whale rewards to authors?” “My votes count for so little”. If any of those criticisms sound familiar, the `n^2` system is the heart of the problem. 

There have been growing concerns that Steemit has become an uneven playing field because of this `n^2` system (more technically, `n^2 + 2*400*n`, where n is MVESTS with 100% voting power). While this system discourages self-voting, it also makes the reward system more like a “handful of winners take almost all” lottery because higher value becomes much higher by being squared (e.g. 1:5 in raw scores will results in 1:25). More specifically, as more stakes are voted for a post, it gets much larger rewards as shown in a below figure as an upper blue line.

![U5duDuWY74obHJfCkaK4fgxMwEtuTE2_1680x8400.png](https://steemitimages.com/DQmZtRyaqmzK8VnnEJgvWqTtAYY4QN41cSoHQPAK6rG444d/U5duDuWY74obHJfCkaK4fgxMwEtuTE2_1680x8400.png)
Image via @timcliff

While this system might be efficient to alleviate the self-voting issue, it also has side effects. There have been criticism complaining that Steemit is rigged in favor of larger stakeholders. For instance, roughly speaking, a user owning 100 shares may have 10,000 times greater power than those who has 1 share (in the real cases, it surely differ depending on voting dynamics). The nearly winner-takes-all system also pushes people and bots to vote for the most popular posts rather than selecting the best quality content. Moreover, the highly concentrated power has given to whales a considerable advantage, while many average users are left with little impact on distributing rewards. Consequently, Steem is being perceived as an unfair, whale-bot-oriented system rather than one that is human-oriented.


The community has been pushing for a change. Recent debates triggered by posts from @snowflake, @timcliff, @sigmajin and @ats.david provided some good suggestions to cope with these problems, but until yesterday, there was no consensus about which solution was most practical. Yesterday, after many hours of debate on Steemit.chat, everyone signing this post agreed that Steemit must apply a flatten reward curve. Furthermore, we agreed to support the near-linear system outlined below. 

Theoretically, purely linear rewards would be the fairest method (one has impacts either no more or no less than the degree to which one owns). However, there still remains the issue of self-voting that could potentially harm user participation. As suggested by @steemitblog today ([post link](https://steemit.com/steem/@steemitblog/details-on-proposed-comment-reward-curve)), a newly committed reward distribution equation on the comment reward pool can catch two rabbits of fairness and anti-abusing, i.e. self-voting (be advised that this post only deals with reward distribution method, not dealing with the comment reward pool or removing curation reward). For convenience, we’ll call it ***modified n*** from now. The equation of ***modified n*** is `n^2/(n+400)`


## Details of modified n

The below figure with two lines compares the ***n*** and ***modified n*** systems. The X axis represents MVESTS. As you can see, the ***modified n*** is linear-shaped with a small offset in the beginning. More specifically, where X is 10,000, the ***modified n*** has 9,615 (96.15%). This means that a post can utilize 96% of voting power if it gets 10,000 MVESTS amount (note that a top article with $130 had about 27,000 MVESTS).

![figure1.png](https://steemitimages.com/DQmWDD28at6jS26nUzTzGbftqytHzL8U8f25Q1GBWRWUvfF/figure1.png)

Then how can it deal with self-voting? When we magnify the 0-1000 range (below), the graph seems more curved and has a significant difference from the purely linear **n**. That difference applies a discount in the beginning to discourage profits from self-voting. For instance, if I have 100 MVESTS (approximately $7,000) and vote for myself, my vote only has 20-MVEST equivalent power, which lost 80%. If I self-vote with 1,000 MVESTS, I still lose 28.5%. Therefore, one would need to get enough votes from many others to reduce the discount.

![figure2.png](https://steemitimages.com/DQmebo3BLTu5urd48NF14tm8EkFGtPevCrV7avoqKjEKr7M/figure2.png)


## Example Case

How would this new rule change the landscape of reward distribution? As of yesterday, we simulated the new system with real data. Before reporting this, it should be noted that the existing votes are subject to the current rule, so real changes in the new system would vary somewhat from this simulation result. For example, “voting concentration” under the current rule will be less likely to happen in the new system since voting on highly-ranked content and lower-ranked content will return smaller difference in curation rewards.

Compared to the current rewards (blue line), the new reward distribution (orange line) shows a flattened curve with the range between $25 to $71, which is narrower than the current range between $19 to $132 (a dip in the graph is due to posts with high comment rewards). Out of 100 posts, 27 would have smaller rewards but the remaining 73 would have higher rewards. 

In short, it would result in less clustering and a broader distribution of rewards. 

![figure3.png](https://steemitimages.com/DQmZp5GiL2WoYgWyvyvwjUKeJKDPVmcNLGra6sLLh9PLo27/figure3.png)


## Conclusion

We expect that the new system can bring about significant improvements in curation patterns and in users’ perception about Steemit, which we hope will fuel more demand for STEEM. We urge the developers to implement the new reward distribution method universally as soon as possible, and furthermore adjust a parameter (constant of `400` or `2E+12` in terms of `rshares`) in order to balance between two objectives: discouraging self voting and deflating the whale advantage. If more Steemians would like to register your agreement with this proposal to make the system fairer, please add your comments and votes to this post.
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vote details (339)
@abdullar ·
$0.10
great idea, 
as discussed in kr community ... i agree with this idea... thanks...^^
👍  ,
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@allmonitors ·
Everything started from new ideas. Cool beans!
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@bacchist ·
I was very supportive of flattening the rewards curve as well.. It's the removal of curation rewards that I find unacceptable.
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@benjojo ·
Great work. I'm behind the change.
👍  ,
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vote details (2)
@biophil ·
I'd like to suggest that we make the shape of the reward curve adjustable by dynamic parameters that the witnesses can vote on. The "400" term in the denominator of the "modified linear" curve could easily be set by witnesses. If it turns out to be too high (which seems probable), the witnesses can change it.
👍  
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vote details (1)
@kenny-crane ·
Thank you for this!  I've been suggesting the same thing lately. 

 And maybe as a first cut, keep n^x but let the witnesses vary x in the range 1 < x <= 2.  I think this makes a change, but keeps it close to the original intent, so we can evaluate the change and then let the witness tweak it from there, without the need for further hard forks.
👍  , ,
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vote details (3)
@smooth ·
Witnesses already don't do a very good job with the parameters that exist, and arguably in few cases (difficult to prove, so I'm not going to go and make accusations) have been influenced by witness self-interest.

IMO it is better to come up with solutions that don't rely on witness input any more than absolutely necessary.
👍  
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@kenny-crane ·
Thanks for sharing your thoughts on this; always good to hear what you think!
👍  , ,
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vote details (3)
@biophil ·
$0.16
Another thing to consider carefully: right now the shape of the curation reward curve is related to the author reward curve. Both are initially linear, and around the same point, the author rewards curve up and the curator rewards curve down. If the author reward curve becomes essentially linear, that will change the effect of additional votes on curation rewards. I haven't run the numbers, but I think it would make curation even *less* profitable for later voters.

So keep that in mind - making author rewards flatter without changing the curation curve will probably load curation rewards more towards early voters, which *probably* is a pro-bot change.
👍  , , , , , , , , , , , , , , , , , , , ,
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@donkeypong ·
Great points. This is a first step and others probably will be needed. We were not able to find consensus yet on curation rewards, but hopefully that is something the community can discuss going forward.
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@blockchainttmft ·
I'm glad I'm not the only one who is actively trying to improve the content on Steemit. To that effect I created this campaign (please give me feedback, I just want to help):

I will upvote every constructive comment I get on Steemit with 5-10 cents in order to create a WIN-WIN-WIN.

You win by having me upvote and follow you, I win by having great comments and more followers and above all Steemit wins by getting better content.

Read about the [rules and conditions here.](https://steemit.com/steemit/@blockchainttmft/i-will-upvote-constructive-comments-by-5-10-cents-let-s-improve-content-on-steemit-together)

Please respond here or [on my post](https://steemit.com/steemit/@blockchainttmft/i-will-upvote-constructive-comments-by-5-10-cents-let-s-improve-content-on-steemit-together) with any feedback you have, thanks!
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@brianphobos · (edited)
$0.22
I really do hope something like this can be implemented.  As it stands I feel that Steemit is going to have a hard time really going anywhere at all.  I would love to post content again on here but every time I think about sitting down and spending hours putting together a post and hope that a whale is going to upvote it just makes me cringe.  So I just don't do it.  It is a waste of time.  Most others feel the same way.  Getting upvotes here has nothing to do with quality.  It is just this weird crap shoot. I just couldn't afford to spend my time here anymore and a lot of other people couldn't either.  I could see myself being successful under this proposed model where as under the old model I won't be successful because I don't have any whale friends.

Here is the current Steemit model.  The whales are the kings and everyone else is a jester trying to impress the kings.  
http://orig01.deviantart.net/7c33/f/2013/290/1/7/the_king_and_his_jester_by_takenoshit-d6qtbme.png
👍  ,
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vote details (2)
@noganoo · (edited)
100% agree with you, and then the skeptics will come at you like "BUT HOW MUCH DO YOU GET PAID ON REDDIT, I BET YOU DIDN'T GET TWO DOLLARS THERE."  My reply:  "I've never used Reddit. All of my content has been released exclusively on Steemit."
👍  
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vote details (1)
@brianphobos ·
Yeah the same here.  I don't get on Reddit, I don't get on Facebook, I don't get on Medium, I don't get on Snapchat......etc.  I'm on YouTube and Steemit.  If I could make even just $80 / day on Steemit across 4 posts I would spend a "full time" effort on it.  But suddenly it turned into.... I don't want to even bother trying to get a whales attention and hope they upvote my post.  It sort of feels like begging on the street corner.  

Steemit has so much potential.  I just hope it isn't too late for the platform.  A lot of people in the crypto space have looked into it and made their opinion so it will be hard to overcome previous perceptions even if things are fixed for the better.
👍  
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vote details (1)
@freebornangel ·
Reddit didn't work for me, either.
I got about ten minutes in and never went back, until I had to sign up here.

I'm glad they are doing something, now.
I've seen posts about the disparity from months ago.
👍  
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vote details (1)
@carrinm ·
$0.07
I agree with the need for change - the concept makes sense and because of the way you used charts more people can understand - well done on creating a clear post. 

I like the way the curve applies a single mathematics formula to fixing the self-voting challenge. What this does is allow one to self-vote after the initial penalty has decayed.
👍  ,
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vote details (2)
@snowflake · (edited)
$7.42
>fixing the self-voting challenge

This curve does not fix the self voting issue. It reduces payouts across the board. All payouts that earned very little already are reduced even more with this curve. It doesn't make the distinction between grandma's travel post or someone who would abuse the system.
It reminds me of the government wanting to ban encryption because a few terrorists use it ( as if it's going to discourage them) Here we have this curve trying to 'ban' everyone's post because a few self voters might abuse the system ( which I might add are going to self vote regardless of any curve). 
You want to stop self voting content ? Downvote it. Simple.
Why only flatten shape of the curve? Just remove it altogether, it serves no purpose.
👍  ,
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vote details (2)
@biophil ·
$7.33
I'm wondering if you're missing the meaning of the curve. The curve shows how a *post's* reward is calculated as a function of how much stake is voting for it. It does *not* show an account's voting strength as a function of its stake.

What the linear curve would do is redistribute rewards from highly-voted posts to less-highly-voted posts. I don't think it would have much impact on low-voted posts (I could be wrong, I haven't run the numbers). It would just require a little more stake for a post to get off the ground, so to speak.
👍  
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vote details (1)
@sigmajin · (edited)
> All payouts that earned very little already are reduced even more with this curve. 

No theyre not.  Vshares aren't porportional to payout except as a percentage of total vshares assigned.

as an example, imagine two posts.  One post has 1MV of SP voting for it.  The other, 100MV of SP lets assume that 1MV = 3 rshares, and and 100MV = 300 rshares.

Under the current system, the first post would get 3^2=9 vshares and the second post would get 300^2=90000 Vshares..   As a result, the second post would be paid 10000x more than the first post.

Now lets look at the modified system.  Its dependent on the threshold, but lets take the n^2/n-1 idea that steemit, inc came up with (because i think its a better formula)

Under that system, yes, youre correct, the absolute number of vshares on the 3rshares post would be less.  it would go from 9 to 5.5.  But the second post, the one with 300 rshares would go down even more (from 90,000 to 909).   As a result, the first post would get just under 1% of the reward pool, and the second post would get just over 99% (which is pretty close to linear, where it would be exactly 1% and 99%).

Note that, like others, i think this threshold is far too high.  (though, tbh i like the one proposed by steemit inc)

>It reduces payouts across the board. All payouts that earned very little already are reduced even more with this curve. It doesn't make the distinction between grandma's travel post or someone who would abuse the system.

Its not really possible to "reduce payout accross the board" (without changing the composition of the reward pool) because, regardless of the number of Vshares assigned, there is still the same amount of money being distributed.  

The number of Vshares a post gets doesn't really matter.  Its the _percentage_ it gets of all vshares.
👍  ,
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vote details (2)
@whatsup ·
The entire rewards pool is awarded every day.  So, there is no way, it reduces payouts across the board.  It just might change who the winners are, or how much they win.
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@crowdifywepayyou ·
LOL I finally worked out how and where to make a comment. Wow what a great analysis this obviously means a lot to you Clayop. I see paralells in the slow but gradual death of Empire Avenue (now Empirire Kred) where we have after around 7 years a system that has not been flexible and now places all the power in the hands of whales merely because they have been there the longest. So much to study and learn and I am off to read all the other posts relating to this. Price of my STEEM down another 5% today obviously some action is necessary and your proposals seem fair and will promote the possibility of  sustainable community
👍  
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vote details (1)
@dan-atstarlite ·
$0.07
I don't understand all the math but I like what I do understand.
👍  
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vote details (1)
@acidyo ·
Haha this was me while reading through it.
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@donkeypong ·
$0.11
Thank you, Clayop. It's been a pleasure to work with this group on this proposal to make Steemit better.
👍  , , , , ,
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vote details (6)
@noganoo ·
You are a huge part of the problem.  You defend trying to pay the wages for a dozen employees of yours out of the reward pool.  Don't try and act like you are trying to fix anything.
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@donkeypong · (edited)
It's been a broad-based effort to help 350-400 different content creators from diverse areas. And if this proposal is enacted, then I hope there will be much less need for large-scale distribution of whale rewards via guilds. 

You have been nothing but abusive. I hope you and your 2000 bots get some mental help.
👍  , , , , , , , , , , ,
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vote details (12)
@sigmajin · (edited)
I have been as critical of curie and SG as anyone else.  As far as I know, i was critical of curie and SG _before_ anyone else.  Im basically the steemit OG of talking shit on where the guild/curie/whatever payroll comes from.

Personally, as i have said many times, i feel that these @donkeypong  projects do more harm than good.

However, one of the the reasons that he can have the magnitude of effect that he does, in spite of being barely a whale in SP balance,  is because he is one of a very few people that can get come up with a plan and get the "steemit inc" whales on the same page as the "bernie and friends"(broadly defined) whales to support it.  It seems very likely to me that if he had an agenda that anyone could see, one side or the other of these two loose groups would support his projects and the other would oppose it (like TDV or Ozchart).  Becasuse frankly, their perspectives are so different that they rarely agree.

There are two possible explanations for this.  Either DP is a cross between Svengali and Cardinal Richelieu --  a master manipulator playing each side against the other while keeping 6 balls in the air at once to further his exploitative agenda.    Or there's just no agenda there, and DP's motives are what they appear to be on the surface.

Based on my limited interaction and observation, i think the second one is true.  In my experience, sincerity is fairly difficult to convincingly fake over even the medium term with any degree of  consistency.

I do believe that there are small number of people in these institutions who _are_ there merely to manipulate the system to their own benefit at the expense of the platform, and that they are taking advantage of DP as much as they are of the platform as a whole.  I also believe that there are many more well-meaning individuals in these institutions that have performed a significant amount of rationalization acrobatics to convince themselves that their own out-sized financial benefit coincides with the overall benefit of the platform, when it really does not.  (and even some who are compensated reasonably for benefits that  they bring to the platform).

Personally, i believe that DP is trying to solve a problem.  I also personally believe that he _isn't_ solving it (or even ameliorating it very much).  But just trying and not succeeding isn't something that deserves conetempt.
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@dragosroua ·
TL;DR: I support this.

Long version: 

First caveat: In this new scenario, there will be more posts getting a more balanced amount of rewards. Subsequently, as the rewards are getting evenly distributed, authors may start to post more content, to generate more income. In an ideal word, this would be quality content. We don't live in an ideal world. So the probability for spam increases under this model, since the incentive is bigger (until now, spam was "discouraged" because of low chances to get voted by whales). Maintaining the cap on the number of posts which can receive rewards, which is 4 now, AFAIK, should be enforced. 

Second caveat:  In this scenario, collusive voting behavior can generate more financial reward, so guilds may start to exert more power. I don't see this as either good or bad, just something that we should account for, one way or another.

If any of my two caveats is wrong or far fetched, please let me know how. We're in this together.

Thank you for the time spent in finding a new model, debating it and run the simulations.
👍  
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vote details (1)
@hanshotfirst ·
$10.58
I can only speak to my personal experience/opinion of being a Steem Guild member. The reason I whole-heartedly endorsed this proposal is because it will *decrease* the need for Steem Guild. Right now, Steem Guild members spend a lot of time and energy ensuring that hundreds of quality content creators earn some rewards for their contribution to the community. The goal is to retain as many creators as possible while encouraging them to continue to produce quality content. We currently help to reward approximately 400 content creators. If the rewards become less "top heavy", far more than 400 creators can earn significant rewards without the Guild's intervention. I have always said that I will throw a giant virtual party when the Guild is no longer needed. If this proposal is implemented, I think I will need to start figuring out how exactly to throw a virtual party.
👍  , , , , ,
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vote details (6)
@clayop ·
$0.06
I agree. I think the role of Guild would be changed to "make posts beyond discount range". E.g. given 400 MVESTS discount, 3000 MVEST voting (about 1/3 of current Steem Guild voting) will make posts have about 90% linearity while it gives a post $7~8. If the discount is lowered under 100, 1000 MVEST voting would be enough to make posts attractive.
👍  , ,
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vote details (3)
@dragosroua ·
$10.52
> If the rewards become less "top heavy", far more than 400 creators can earn significant rewards without the Guild's intervention.

But then another potential "Guild" can step in and aggregate another community of curators, which will redistribute the newly assigned rewards. 

It only seems logical that, if more authors will receive more significant rewards, there will be more at stake. I didn't say "the guilds will increase in influence" with some sort of a judgement, like this will be either "bad" or "good". I just observed the possibility that new communities of curators can aggregate again, because there will be a more even surface of play. How this will tilt the balance, it's still something to be determined, IMHO.
👍  , , ,
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vote details (4)
@sigmajin · (edited)
>Second caveat: In this scenario, collusive voting behavior can generate more financial reward, so guilds may start to exert more power. I don't see this as either good or bad, just something that we should account for, one way or another.

this is incorrect.  It would actually generate less.  Additional users "piling on" would see diminishing (instead of exponentially increasing) returns.  The curve becomes more linear as the support grows.

Incidentally, your first caveat is somewhat suppositious.  You could make as compelling an argument that people would be inclined to spam low quality posts as a way of buying a "lottery ticket" at a chance for one exceptionally high paying post.   The only system where there would not be a perceived incentive for posting more was one where there was no perception that the posts has any  chance of getting rewarded at all.... which would obviously be a bad one.
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@dzboston33 ·
Thank you too all of you who are working hard  to address the current issues. A lot of this is over my head and I haven't been able to follow it closely. The community working together though is what will keep this place alive.
👍  
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vote details (1)
@hanshotfirst ·
"The community working together though is what will keep this place alive."

Exactly!

The people on the list above have been spending a great deal of energy trying to figure out how to help steemit succeed. I'm just like you... a lot of this is over my head :) The reason I whole heartedly endorse their hard work is based on simple common sense. If you give the masses a greater sense of ownership in the platform, they will keep coming back and contributing. Everyone wants to feel like they "make a difference". This proposal would make that a reality.
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@ebryans · (edited)
$1.29
First things first, an enormous thank you to each of you:  @ats.david @clayop @donkeypong @gavvet @hanshotfirst @jesta @kevinwong @liberosist @sigmajin @smooth @snowflake @stellabelle for spending what I can only guess to be a lot of hours and doing some serious soul-searching.
I will not pretend to understand the mathematics with which I think many of us are somewhat bamboozled. Any assistance in the levelling of the playing field has to be welcomed and I thoroughly hope you get the support of your peers.
I understood the breadth of posts affected in terms of reward range. It looks like a post with few votes becomes a more attractive curation exercise and one with many votes is less attractive.
If a post has 100 votes and a value of $0.02 and another has 40 votes and $25.00 potential payout, would the 100 vote post become that much more attractive? I apologise if that sounds like a daft question - just trying to get to grips with it!
At the same time, could you make minimum vote %, say, 25% - there are many who do not understand that minnows voting at 5% is sort of useless. Under this scenario it could become more counter-productive.
Thank you all again. Your work and ability to find consensus is very much appreciated!
Posting this in Facebook support groups too.
👍  , , , , , , , , , , , ,
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vote details (13)
@donkeypong · (edited)
The tech part is not my strong point, so maybe someone else can answer you there. As for curation rewards, there are still some different views in the community over how best to handle them. But I think voting on posts that are not doing well yet (or from content creators who are not yet well known) will prove to be the better choice.
👍  ,
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vote details (2)
@ebryans ·
Thank you @donkeypong, I really appreciate all your efforts. I have already posted this in both the steemit and our Aspiring Whales and Dolphins FB pages. Great job - you have no idea! I think that this will go a long way to getting vote distribution where it should be - not a cure-all - one step at a time. Have a great rest of your weekend. Namaste.
👍  
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vote details (1)
@smooth · (edited)
$7.66
> If a post has 100 votes and a value of $0.02 and another has 40 votes and $25.00 potential payout, would the 100 vote post become that much more attractive?

This proposal will narrow the gap significantly. If people have SP, their votes will be more powerful. That will remain. What would not remain is the enormous amplification that the system adds on top of the already-large disparity in SP holdings.

If you look at the third graph in the post, the $25 post would be somewhere toward the left and its reward using the revised formula would be much smaller. The $0.02 post would be somewhere toward the right and its reward would be much larger.
👍  , , , , , ,
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vote details (7)
@ebryans ·
$0.14
Many thanks for that explanation @smooth - you guys are all doing an amazing thing by finding consensus amongst yourselves first and by being prepared to explain and rationalise the reasoning and the effects. Thank you.
Have a great time for the rest of your weekend.
👍  
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vote details (1)
@noganoo ·
Thanks for helping us understand.  So this will not fix the issue of the Steem-Guild self voting.  Just make their rewards a tiny bit less for doing so while the 75% of the community not connected to Steem-Guild still receive beans.
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@sigmajin · (edited)
One clarification, as i think @smooth may have missed part of what the question was looking for.

In @ebryan 's example, the gap between the 100 vote, $.02  post and the 40 vote, $25 post will be narrowed, but the narrowing will be based solely on the total SP voting for the post.

That is to say that fact that the first post has 100 votes and the second post has 40 votes is irrelevant.  The narrowing of the gap between a 40 vote post with $.02 and a 40 vote post with $25 will be exactly the same.

In a perfect world, i don't think rewarding the 100 vote post for getting more votes is a bad idea.    But i don't think there is a pratical way that can be done without making the system exploitable by sibyls.
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@uwelang ·
great approach for all Steemians I think given I can judge this yet @smooth
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@stellabelle · (edited)
It really was a very long night, but I have to hand it to @donkeypong who put the seed of possibility that some kind of consensus could be reached by a large group of very diverse people. And @clayop you did a great job with this post, making it really clear for people.

 I kept at it, asking if we were all on the same page, intrigued by the idea that all of us could potentially come to agreeing on one, just one thing that we all would like to see changed.......soon.
👍  , ,
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vote details (3)
@ebryans ·
$0.07
You all deserve the respect and thanks of the community at large in bucket loads!
👍  ,
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vote details (2)
@eric-boucher ·
Thank you so very much for your dedication and hard work in relation to this. I have been following many discussion in partook to some of them. I really look forward to the end results, impact of this decision well awaited by so many of us.

All for one and one for all!   Namaste   :)
👍  
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vote details (1)
@felixxx · (edited)
$0.64
Isn't one of the big changes coming up with the next hardfork to extend the *payout period to 7 days*?
I think that would change the way the reward pool is managed significantly.
I'm not sure if your proposal would still hold then.
___
About self voting: Your proposal simply  puts a threshold on the payout. It doesn't  work, when the  'self voter' has a big stake.  I don't see where you would draw the line and how or why.
If anything your proposal would serve to completely annihilate the single vote of a small stakeholder.
___
I still think the system -as it is- would work fine, if the big stakeholders **voted responsibly**.

I personally like the n^2 system. 
When the majority of stakeholders agree on one post, then the payout for that post should be many times over the payout of a post that only a few stakeholders agree on.

Now as for why it doesn't seem to be working well right now:

The Steem Power is not distributed well.
The whales didn't do a good job at picking accounts to power up.
They created a bunch of orca accounts that don't continue the distribution game. 

Instead the new class keeps ping-pong voting within their own circles.
( Hows that for a self vote ? )

This is the main problem and you can try to fix the formulas all you like - as long as the circle jerk continues it will appear to be unfair to any outsider.
___

What can be done ? 
I like the approach @transisto and @smooth have taken recently by using their stake to downvote some posts that have unjustified, inflated payouts.

If you disagree with a payout somewhere, you can adjust it by downvoting. That would regulate the market just fine, if more people started to look at the bigger picture rather than their own wallet and short term profits like curation rewards.

More fairness would maybe attract more users and maybe result in a better Steem price. Right now the system seems corrupted. 

All of this could be solved if the whales started __reading the content__.
The argument that curation takes too much time and isn't rewarded well wouldn't hold if responsible voting behavior resulted in a higher Steemprice.

Then we would all benefit.

This can't be fixed by any formula, but takes some actual work.
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vote details (44)
@clayop ·
> It doesn't work, when the 'self voter' has a big stake.

Under `n^2` system, self-voting is much more powerful when the self voter has a big stake. Although a discount is diminished as a voter has larger stake, the voter cannot cast more than one owns.
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@felixxx ·
I hadn't seen the post on @steemitblog, when i posted my response here.

Since all these measures seem to address the problem of disruptive behavior by some top stakeholders, I can't help wondering why they were given such a big stake in the first place.
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@sigmajin · (edited)
>I like the approach @transisto and @smooth have taken recently by using their stake to downvote some posts that have unjustified, inflated payouts.

and both have mentioned in comments or chat  that its an enormous amount of hassle because of the (completely ridiculous) level of butt-hurtedness it gives rise to.  I think its exceptionally unlikely that many whales are going to be willing to do this on a large scale for merely over rewarded content.  Even transisto is likely a sockpuppet for a much larger whale (ive speculated a bit about who that might be, but im not 100% certain).  Which there's nothing wrong with that, just saying.
👍  
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vote details (1)
@freebornangel ·
I'm time constrained, thank you for yours. 
Let me just say that I would prefer to raise the bottom by a factor of at least 2, and preferably 3.
I don't like the idea of taking the n2 from the top, only raising the bottom to a level that can be shown to eventually add up to a cup of coffee. 
Starbucks coffee.
I've been here since the end of august, I am in the top one hundred in posts, my efforts have been rewarded with 1000 sp by about 1470 users.
I don't have the skills to pull my total number of votes and contrast that to measure my 'popularity' against others.
I do have a running total of folks who have voted for me, they are who I follow.

That being said, I'd like some n2 when I got there, as well.
I don't wish to see anything taken from the whales if it can be avoided.
One of you math folks will have to tell me if that is possible.
👍  
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vote details (1)
@germanlifestyle ·
Great post @ clayop.good work.thank you very much.best regards
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@hanshotfirst · (edited)
$0.25
This is an outstanding post. The concrete examples and charts make it easier for the layman to understand. It would be amazing if this could be implemented!
👍  , , ,
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vote details (4)
@happyphoenix ·
I do not know much about algorithm for upvote, but this is good idea. Nice !
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@joseph ·
$0.40
Whatever works, you can count me in. Obviously looking for a solution means there is a problem, experimentation will eventually get us there.

https://i.imgsafe.org/7b5ca492ca.jpg
👍  , , , , , , ,
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vote details (8)
@cardiff ·
$0.25
This is by and large the biggest issue Steem currently faces. Good work @clayop.
👍  , , ,
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vote details (4)
@stellabelle ·
I agree.
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@justinashby ·
A level field of play, it's just plain good sportsmanship! Incredibly interesting!
👍  
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vote details (1)
@jyezie ·
it is nice to see a post with almost half the number of votes in comments and a high number of views. I have feeling Steemit has been much harder on everyone the last couple of months, except the whales one might say. This is the reason I decided to power down, since there was really no advantages at holding the Steem Power I worked hard to cumulate. I am wondering what Steemit Inc. will think of this.
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@k3t3r ·
I mighthave missed this in the post but isnt the purpose of the current reward distribution model to keep value locked into the network to prevent the price of steem crashing. The theory being tbat newer user with less invested will sell their rewards and push the overall value of steem down quicker than the current model.
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@kenny-crane ·
Seems worth a try; we are in Beta so we can experiment.

### But why do we have to hard code the function?  

If we go with modified n, does it make sense to allow the exponent and constant in the denominator to be parameters the witnesses can change by voing on them, like they currently vote to change the SBD interest rate?

Count we make an even simpler transition to n^x where x is currently 2 but can be any number that the witnesses vote for?  n^1 is totally flat and n^2 is parabolic, but why not just keep the same equation and let the witnesses pick the exponent x so we don't need to wait for a Hard Fork if the reward function needs tweaked again the future?
👍  , ,
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vote details (3)
@clayop ·
Because n^1 has no anti-abusing mechanism. Modified n is basically the same as n if n goes to infinite.
👍  
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vote details (1)
@kenny-crane ·
$7.03
Thanks for your reply!

Is it true that N^x does have anti-abusing mechanism where x > 1?

### What about the idea of letting witnesses adjust whatever parameters are in whatever the reward function is?  

For the existing simple n^2 equation, we could replace it with n^x where x = 1 + 1/y where y ranges from 1 to 10.  The witnesses could simply vote for 1, 2, 3, 4, 5, 6, 7, 8, 9 or 10.  So the equation's flatness could be varied in 10 steps between the flatest n^1.1 to the current n^2.

Or if we go with modified n, any thoughts on letting witnesses vote on the exponent and constant in the denominator?
👍  
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vote details (1)
@kingscrown ·
very good idea!
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@knircky ·
$0.08
I am so happy to read this. It is the NR1 issue on steem.

I believe Nr2. Is the curation reward system. Nr 3 is the fact that outside money needs to come in more directly.


Thank you for posting!
👍  ,
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vote details (2)
@knircky ·
I fully support this proposal!
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@krnel ·
$0.30
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vote details (9)
@stellabelle ·
cool.
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@teamsteem ·
This looks really great. It's tough to know all the implication in advance but all in all it seems like a very safe move and a very positive one. I look forward to Steemit Inc answer on this proposal. As of now I'm very much in favor of it.
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@kurtbeil · (edited)
Great idea!  "If" it results in a fairer distribution and discourages self-voting, then it's a WIN WIN!
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@noganoo ·
@Ned is too much of a coward to speak about this issue, he doesn't want to speak about the secret Steem-Guild illuminati cult for fear of backlash.
👍  
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vote details (1)
@lafona ·
$0.13
I think this is a good direction to reduce the incentive for votes to cluster and is worth a try. If curating by voting patterns becomes harder/less profitable then naturally curators/bots should focus more on content and that could only be beneficial for the platform.
👍  ,
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vote details (2)
@leesunmoo ·
$0.27
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vote details (5)
@ebryans ·
$0.07
Google Translate: I support it.
👍  ,
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vote details (2)
@liberosist · (edited)
$0.14
Thanks for this. I'm all in favour of modified n. It's good to see Steemit Inc is on the same page too. Of course, it's top level posts - not just comments - where this change is badly necessary. 

The constant could be lower though. I'm seeing a lot of smaller accounts powering up to ~10-~50 MV of late. These are content creators and curators who may not risk-taking investors, but may want to power-up spare change for added influence. At 400, the curve is still too harsh on these voters. That said, 1 as proposed by Steemit Inc is perhaps too little to prevent abuse. I believe a compromise can be found in the middle, though I don't know what it is. Maybe look at the median MV of active users and target that as the point where the curve flattens out.
👍  , , , , , , , , , , , , , ,
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vote details (15)
@macstyly ·
Agreed
properties (22)
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@mammasitta · (edited)
I still don't understand the whole voting stuff aka "rewarding system"  and I am not interested anymore to investigate why some boring posts get more than others. 
I just gave up thinking about it but then, the suggestion for 1% voting came along and this was a complete joke, feels like an epic fail, an insult for all motivated authors. I am sorry if I ever did this to you. Please don't do it to me. 

Whatever works, is fair and keeps this fun community growing  is good for me. 

I thank all you technical masterminds.
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@morning ·
$0.12
Cool and nice. Do it.
👍  ,
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vote details (2)
@noganoo · (edited)
Now that the cash cow has dried up let's fix the system!  I am still banned from Steemit.Chat for speaking about these same issues.  Now that these scamming Ned self-voters have already cornered a large part of the reward pool they join the masses in calling for change.  There is no way the guilds will lose any of their ill-gotten voting power, @Ned is too yellow to speak up about the Steem-Guild abusing his account while he enjoys 300-1000SP rewards daily. The @Ned, @val-a, @val-b, @michael-a account votes will not be worth any less.  Perhap soon Steem-Guild will be voting with @Steemit account completely nullifying the votes of the rest of us.  *smh*  Nothing will be fixed in this ponzi within a ponzi.
👍  , , , , , , , , , ,
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vote details (11)
@freebornangel ·
Keep squeaking, eventually the wheel will get greased,....provided your needs are reasonable to others.
At least you aren't grey.
IF the things you allege are true the truth, that will come out if you stay here long enough. 
If you stay it continues to matter to somebody.
If you leave it will go down the memory hole.
👍  
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vote details (1)
@leesunmoo ·
스티밋 계정은 파워다운을 하고 있습니다. 파워다운된 스팀은 업보팅과 다운보팅의 권한이 없습니다. @STEEMIT 계정은 파워다운이 완료되면 남용될 가능성도 줄어들게 되며 인플레이션도 적용받지 못하게 됩니다.
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@skypal ·
Then why are you still here?
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@noganoo ·
More insults from someone being wildly over-voted by Steem-Guild.  It's happened dozens of times before and will happen again.  Way to join the herd mentality @skypal.
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@nonameslefttouse ·
$0.29
I stand behind this proposal.  I see and know many people here who might benefit from a change as simple as this.
👍  , , , , , , ,
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vote details (8)
@hanshotfirst ·
Agreed! I think about 99% of people would benefit... actually 100% if you have a long term view.
👍  ,
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vote details (2)
@nonameslefttouse ·
Well.  We can't get anywhere if we don't look to see where we're going first.  Always best to the look to the horizon and scan for problems on the way.  Everyone seems to be doing that here.
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@norbu ·
$0.14
Great idea and hats off to you guys who must have put in a lot of work before proposing this. I am no expert on these matters but am ready to support any incentive to balance the system. And by balance, I also means the psychological aspect because I have seen some "self appointing" themselves as "saviors" of the platform by misusing and abusing their wealth, making  it a chore rather than fun, and a lower emphasis on wealth and its relation to rewards alone should go a long way in making it fun for posters as well!
Thanks guys, we have to keep experimenting till we get this right and I applaud your efforts!
👍  , ,
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vote details (3)
@donkeypong ·
Thanks. It needs to be fun for everyone, not just a few people.
properties (22)
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@norbu ·
Exactly! And I have knowledge of quite a few who have left the platform because they were hounded by these "self styled" saviors and had stopped having fun! This platform should be fun and we should find a way to ignore these pompous individuals with a large wallet who seem to be out to ruin things for everyone!
👍  
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vote details (1)
@stellabelle ·
$0.15
Exactly. If we hear the same story over and over again about how Steemit is a game that .2% of people enjoy playing, with the rest feeling just like insignificant gnats, well then it's time to start listening and radically changing.
👍  , , , , , ,
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vote details (7)
@thecryptodrive ·
Agreed, Steem is too serious and negative of late... bring on the fun!!!! Let the little guy wield some decent voting power.
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@oaldamster ·
It is a good start for a fair change.
👍  
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vote details (1)
@ocrdu ·
Can you plot in sqrt(n), just for fun?
properties (22)
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@onetree · (edited)
$0.13
Go for it, the bots are out of control, especially  this 1% vote group. I like Steemit (a lot) but as it stands I can't recommend it to many due to the lengthy explanations I would have to make about all its *quirks*.
👍  ,
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vote details (2)
@canadian-coconut ·
$0.03
I don't get the pile of 1% votes that I get.?? It is insulting actually.  I was wishing that there was a rule that people  have to give at least a 10% vote.  Because if you don't think that my post is worth at least 10% than I would rather not have your vote at all.
👍  
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vote details (1)
@onetree ·
Apparently they are bots and we sho
uld ignore them. Okay fine, but what happens to new users feelings when they have slaved over a blog to be greeted by *that*. It gets more ridiculous... I have a 0,1% voter....!!!!
👍  
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vote details (1)
@donkeypong ·
This proposal won't eliminate the bots. For better or for worse, we need to learn to live with them. Most are annoying, but fairly harmless. Hopefully, this proposal will help make Steemit more fun for humans to use, too.
👍  
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vote details (1)
@ourlifestory ·
I think this is what Steemit needs to grow and be more fair, great work! your have my vote :)
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@renohq ·
Thanks for great posting. I support it.
properties (22)
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@samstonehill ·
Fantastic work to all involved here. Thank you. This is long overdue and I am enormously grateful for the time & work your group has clearly put into this proposal. 

Is there some way in which the army of supporters which now stands behind you can offer our assistance?  

Like by all putting our names to a further endorsement of this proposal?  

Perhaps when enough of us stand behind this, there is no way it can be ignored?
properties (22)
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@shenanigator ·
$0.14
I stand behind this proposal. However, if possible, I'd like to see the 400 in the denominator lower than that.
👍  , , , ,
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vote details (5)
@ebryans ·
Apologies @shenanigator, excuse my ignorance!  What would that do in terms of the reward distribution?
properties (22)
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@shenanigator · (edited)
With the 400 number in the equation *n^2/(n+400)*, one would have to buy/earn **a lot** of Steem Power before they'd see their vote making a significant difference on a post with zero payout. 

I want to increase the incentive to purchase lesser amounts of Steem Power because very few people can afford and will buy $50,000 worth. In order to do that, I think it's best to have a system whereby people see their vote making a difference with a much smaller stake. 

If instead, we had something like *n^2/(n+50)*, there'd be many more people on the platform whose vote meant something. They wouldn't have to purchase nearly as much Steem Power to make a meaningful difference.
👍  ,
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vote details (2)
@skypal · (edited)
What amazes and impresses me the most about Steemit is the people. Thank you all for working this out. I understand about 20% of what the hek is going on around here but one thing I am sure of, Steemit inc. better listen up and make some changes. Synereo, Akasha, and Yours are on the way.
properties (22)
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@noganoo ·
That explains your ignorant comment to me.  I've studied this issue for weeks.  Get some church, @skypal.
properties (22)
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@skypal · (edited)
Oh, how was it ignorant?
properties (22)
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@sochul · (edited)
$0.07
I think that if something like ctayop's post has been pointed out as an unfair reward in steemit in the meantime, it can be improved a lot.

I fully support this post.
Thank you for your wonderful views.

And I this post resteemed
👍  
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vote details (1)
@steemvest17 ·
You mean "clayop"? :)
👍  
properties (23)
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vote details (1)
@solarguy · (edited)
$0.07
Crossing Fingers.  Not holding breath.

good idea..  resteemed
👍  
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vote details (1)
@steemvoter ·
@steemvoter supports the improved curation model proposal.
👍  
properties (23)
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vote details (1)
@stellabelle ·
$0.10
my favorite line:

> (many of whom do not agree on much else!) 

It's true! But there comes a point where egos just have to take a hike and we have to face up to what's actually going on and attempt to correct it as a group.
👍  ,
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vote details (2)
@tarekadam ·
Well done and clear proposal, I support it!
properties (22)
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@thecryptodrive ·
I fully support innovation on Steem, I got your back on this one guys. Voted!
properties (22)
authorthecryptodrive
permlinkre-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170218t113453645z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@thecryptodrive ·
My witness will upgrade to the hardfork that implements these changes for sure.
properties (22)
authorthecryptodrive
permlinkre-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170218t114439462z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-02-18 11:44:39
last_update2017-02-18 11:44:39
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@thecryptofiend ·
We are still in beta so I think the only way to know for sure is to try it.  If we find there are massive problems we could readjust.  Lets just try it already!
properties (22)
authorthecryptofiend
permlinkre-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170220t001959767z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
created2017-02-20 00:20:00
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@timcliff ·
$0.27
properties (23)
authortimcliff
permlinkre-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170218t030857145z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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percent_hbd10,000
post_id2,535,680
net_rshares4,149,696,915,471
author_curate_reward""
vote details (7)
@clayop ·
Added!
👍  
properties (23)
authorclayop
permlinkre-timcliff-re-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170218t052937944z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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percent_hbd10,000
post_id2,536,242
net_rshares45,029,007,169
author_curate_reward""
vote details (1)
@timcliff ·
Thanks :)
properties (22)
authortimcliff
permlinkre-clayop-re-timcliff-re-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170218t061316861z
categorysteem
json_metadata{"tags":["steem"],"app":"steemit/0.1"}
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@williambanks ·
@viva.witness will be supporting this if it comes to fruition.
properties (22)
authorwilliambanks
permlinkre-clayop-making-steemit-better-a-proposal-to-flatten-the-rewards-curve-20170225t105645577z
categorysteem
json_metadata{"tags":["steem"],"users":["viva.witness"],"app":"steemit/0.1"}
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