x
author | remlaps |
---|---|
permlink | simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction |
category | blog |
json_metadata | {"app":"hiveblog/0.1","format":"markdown","tags":["x"]} |
created | 2019-05-19 21:04:42 |
last_update | 2020-07-14 11:15:12 |
depth | 0 |
children | 10 |
last_payout | 2019-05-26 21:04:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.578 HBD |
curator_payout_value | 0.183 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 1 |
author_reputation | 33,149,047,814,372 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,150,050 |
net_rshares | 1,412,855,214,503 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
onthewayout | 0 | 185,482,362,932 | 100% | ||
bitland | 0 | 33,923,495,988 | 100% | ||
remlaps | 0 | 22,912,753,599 | 100% | ||
cmp2020 | 0 | 69,192,613,417 | 100% | ||
warofcraft | 0 | 31,922,241,954 | 20% | ||
the-bitcoin-dood | 0 | 29,480,025,625 | 100% | ||
whatsup | 0 | 132,487,665,301 | 36% | ||
remlaps1 | 0 | 123,105,077,844 | 100% | ||
cub1 | 0 | 292,823,646,541 | 100% | ||
remlaps2 | 0 | 4,760,353,953 | 100% | ||
lisa.palmer | 0 | 7,028,141,852 | 100% | ||
cub2 | 0 | 6,854,103,750 | 100% | ||
astronomyizfun | 0 | 5,702,665,473 | 100% | ||
tonyz | 0 | 0 | 40% | ||
imisstheoldkanye | 0 | 1,802,352,443 | 1% | ||
steemitag | 0 | 3,418,893,840 | 10% | ||
penderis | 0 | 13,158,728,207 | 100% | ||
millibot | 0 | 300,596,745 | 5% | ||
tangofever | 0 | 758,597,549 | 1.5% | ||
rgkmb-unofficial | 0 | 2,931,773,059 | 100% | ||
rgkmb | 0 | 513,724,459 | 100% | ||
cmp2020-lite | 0 | 938,495,514 | 100% | ||
remlaps-lite | 0 | 1,168,364,837 | 100% | ||
laissez-faire | 0 | 81,415,349 | 100% | ||
pet.society | 0 | 5,605,290,020 | 10% | ||
hdu | 0 | 1,655,216,595 | 2% | ||
smokingfit | 0 | 1,688,728,310 | 95% | ||
delabo | 0 | 2,718,836,554 | 1% | ||
lorreli | 0 | 300,740,595 | 10% | ||
hozn4ukhlytriwc | 0 | 143,603,321 | 15% | ||
aicu | 0 | 429,994,708,877 | 72.89% |
I think that a 2nd price auction model would incentivize splitting the stake of high powered accounts: Let's say that my account can vote with a strenght of 2000 rshares and there is a post with 2 votes worth 100 rshares. I am incentivized to vote with the same 100 rshare strength. Otherwise my vote becomes an outlier if I vote above or below the current distribution. If my goal is to maximize my curation rewards it is better for me to split my stake into 20 accounts and vote with an equal amount of voting power with all the accounts on the same post. Or I could split my account in 4 and vote with a strenght of 500 each and turn the other votes into outliers. Or even better create a high number of accounts with a moderate amount of voting power and turn everyone else into outliers.
author | onthewayout |
---|---|
permlink | re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t002834774z |
category | blog |
json_metadata | {"tags":["blog"],"app":"steemit/0.1"} |
created | 2019-05-20 00:28:36 |
last_update | 2019-05-20 00:28:36 |
depth | 1 |
children | 0 |
last_payout | 2019-05-27 00:28:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.020 HBD |
curator_payout_value | 0.006 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 795 |
author_reputation | 13,205,527,560,619 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,157,047 |
net_rshares | 49,945,121,749 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
remlaps | 0 | 19,959,015,047 | 100% | ||
remlaps1 | 0 | 29,986,106,702 | 25% |
Another possible consequence of this model is to incentivize last minute voting. Just wait until the last moment before the voting period and vote with a strenght just below the highest one as opossed to the current state of affairs where you are incentivized to vote around the 15 minute mark.
author | onthewayout |
---|---|
permlink | re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t003735410z |
category | blog |
json_metadata | {"tags":["blog"],"app":"steemit/0.1"} |
created | 2019-05-20 00:37:36 |
last_update | 2019-05-20 00:38:30 |
depth | 1 |
children | 8 |
last_payout | 2019-05-27 00:37:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.020 HBD |
curator_payout_value | 0.006 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 294 |
author_reputation | 13,205,527,560,619 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,157,341 |
net_rshares | 50,204,036,423 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
remlaps | 0 | 20,366,895,804 | 100% | ||
remlaps1 | 0 | 29,837,140,619 | 25% |
There are different ways you could implement it, but the way I did it still uses time of vote in determining rewards. Voters get credit for their own voting time with the next lower rshares, and it uses the same square root weighting as today. So early voters would still get the lion's share of the rewards. It probably wouldn't make sense to wait 'til the end. You're right about the possibility of splitting one stake into multiple accounts. I mentioned that in the article. But, if you have a small number of accounts, you have to sacrifice a large percentage of rshares. If you have a large number of accounts, there's less of a built-in penalty, but it's easier for others to find it and downvote it. (and someone would have to decide if the largest downvote is also going to be ignored as an outlier. I did not include downvotes in the simulation.)
author | remlaps |
---|---|
permlink | re-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t024511889z |
category | blog |
json_metadata | {"tags":["blog"],"app":"steempeak/1.9.9"} |
created | 2019-05-20 02:45:12 |
last_update | 2019-05-20 02:45:12 |
depth | 2 |
children | 7 |
last_payout | 2019-05-27 02:45:12 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 863 |
author_reputation | 33,149,047,814,372 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,161,768 |
net_rshares | 0 |
From a game theory perspective we probably need to formalize the model with a payoff matrix to see how different strategies playout. Although with the complexaties of the steem reward pool it's an ardous task.
author | onthewayout |
---|---|
permlink | re-remlaps-re-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t040609639z |
category | blog |
json_metadata | {"tags":["blog"],"app":"steempeak/1.9.9"} |
created | 2019-05-20 04:06:12 |
last_update | 2019-05-20 04:24:57 |
depth | 3 |
children | 1 |
last_payout | 2019-05-27 04:06:12 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.021 HBD |
curator_payout_value | 0.007 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 209 |
author_reputation | 13,205,527,560,619 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,164,159 |
net_rshares | 51,489,845,792 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
remlaps | 0 | 20,177,828,525 | 100% | ||
remlaps1 | 0 | 31,312,017,267 | 25% |
This is slightly off topic but Derek from Veritasium uploaded a video today that touches how Youtube ranks the content using it's algorithm, I find it interesting. Actually it's somewhat on topic because Youtube utilizes it's algorithm to curate content for it's users. https://www.youtube.com/watch?v=fHsa9DqmId8
author | onthewayout |
---|---|
permlink | re-remlaps-re-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t041440167z |
category | blog |
json_metadata | {"tags":["blog"],"app":"steempeak/1.9.9"} |
created | 2019-05-20 04:14:42 |
last_update | 2019-05-20 04:20:09 |
depth | 3 |
children | 4 |
last_payout | 2019-05-27 04:14:42 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.021 HBD |
curator_payout_value | 0.006 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
body_length | 315 |
author_reputation | 13,205,527,560,619 |
root_title | x |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 85,164,380 |
net_rshares | 50,929,772,186 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
remlaps | 0 | 19,773,957,693 | 100% | ||
remlaps1 | 0 | 31,155,814,493 | 25% |