create account

x by remlaps

View this thread on: hive.blogpeakd.comecency.com
· @remlaps · (edited)
$0.76
properties (23)
authorremlaps
permlinksimulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction
categoryblog
json_metadata{"app":"hiveblog/0.1","format":"markdown","tags":["x"]}
created2019-05-19 21:04:42
last_update2020-07-14 11:15:12
depth0
children10
last_payout2019-05-26 21:04:42
cashout_time1969-12-31 23:59:59
total_payout_value0.578 HBD
curator_payout_value0.183 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length1
author_reputation33,149,047,814,372
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,150,050
net_rshares1,412,855,214,503
author_curate_reward""
vote details (31)
@onthewayout ·
$0.03
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.
👍  ,
properties (23)
authoronthewayout
permlinkre-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t002834774z
categoryblog
json_metadata{"tags":["blog"],"app":"steemit/0.1"}
created2019-05-20 00:28:36
last_update2019-05-20 00:28:36
depth1
children0
last_payout2019-05-27 00:28:36
cashout_time1969-12-31 23:59:59
total_payout_value0.020 HBD
curator_payout_value0.006 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length795
author_reputation13,205,527,560,619
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,157,047
net_rshares49,945,121,749
author_curate_reward""
vote details (2)
@onthewayout · (edited)
$0.03
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.
👍  ,
properties (23)
authoronthewayout
permlinkre-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t003735410z
categoryblog
json_metadata{"tags":["blog"],"app":"steemit/0.1"}
created2019-05-20 00:37:36
last_update2019-05-20 00:38:30
depth1
children8
last_payout2019-05-27 00:37:36
cashout_time1969-12-31 23:59:59
total_payout_value0.020 HBD
curator_payout_value0.006 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length294
author_reputation13,205,527,560,619
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,157,341
net_rshares50,204,036,423
author_curate_reward""
vote details (2)
@remlaps ·
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.)
properties (22)
authorremlaps
permlinkre-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t024511889z
categoryblog
json_metadata{"tags":["blog"],"app":"steempeak/1.9.9"}
created2019-05-20 02:45:12
last_update2019-05-20 02:45:12
depth2
children7
last_payout2019-05-27 02:45:12
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length863
author_reputation33,149,047,814,372
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,161,768
net_rshares0
@onthewayout · (edited)
$0.03
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.
👍  ,
properties (23)
authoronthewayout
permlinkre-remlaps-re-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t040609639z
categoryblog
json_metadata{"tags":["blog"],"app":"steempeak/1.9.9"}
created2019-05-20 04:06:12
last_update2019-05-20 04:24:57
depth3
children1
last_payout2019-05-27 04:06:12
cashout_time1969-12-31 23:59:59
total_payout_value0.021 HBD
curator_payout_value0.007 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length209
author_reputation13,205,527,560,619
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,164,159
net_rshares51,489,845,792
author_curate_reward""
vote details (2)
@onthewayout · (edited)
$0.03
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
👍  ,
properties (23)
authoronthewayout
permlinkre-remlaps-re-onthewayout-re-remlaps-simulating-a-steem-curation-rewards-distribution-that-is-modeled-after-a-2nd-price-auction-20190520t041440167z
categoryblog
json_metadata{"tags":["blog"],"app":"steempeak/1.9.9"}
created2019-05-20 04:14:42
last_update2019-05-20 04:20:09
depth3
children4
last_payout2019-05-27 04:14:42
cashout_time1969-12-31 23:59:59
total_payout_value0.021 HBD
curator_payout_value0.006 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length315
author_reputation13,205,527,560,619
root_titlex
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id85,164,380
net_rshares50,929,772,186
author_curate_reward""
vote details (2)