RE: HF21 Addition: Vote Window Change by gaeljosser

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Viewing a response to: @steemitblog/hf21-addition-vote-window-change

hf21 · @gaeljosser · Jul 2 '19 (edited)

$0.04

The big game here is making curation more profitable than content creation. In the long term, it is expected that curation patterns change in benefit for the authors, but that might not happen.

A vote received before 30/15 mins meant more author reward, and even that is taken out of the equation? what's left for authors if people keep curating the same way they've been doing it so far? How will new users be persuaded to come use Steemit if chances for a reward are being diminished with each hardfork?

I'm not very optimistic about these changes as I see those with the more stake receiving more out of their cryptocurrencies and giving less for this site to function as it was previously designed. I'm afraid curation patterns will stay the same and authors will be less motivated to create content. The long run you hope for might not happen...

👍 fingolfin

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@blocktrades · Jul 2 '19

A vote received before 30/15 mins currently doesn't mean more author rewards (that was changed in HF20, IIRC, because it only encouraged early self-voting). Instead, those funds are "burned" under current rules.

👍 hashbrownhustla

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@ajayyy · Jul 2 '19

Not burned, distributed into the rewards pool

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@blocktrades · Jul 3 '19

Right, you're correct, I misspoke. But the essential point is that it doesn't go to the author now: the HF isn't changing that.

👍 hashbrownhustla

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@freebornangel · Jul 2 '19

Not burned, passed through to the trending page.

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@gaeljosser · Jul 2 '19

Hello there,
I know, thanks for reminding us that. It would be great to have some statistics regarding self-voting  after HF20 and if the objective was met. Since you have a voice and ideas given for Steemit to improve, I would like to take the opportunity and ask you,

- How about only eliminating the timeframe for voting and leaving the rewards as they are now?
- Why going up to 50% instead of 35%? for example.
- What kind of calculations are behind those numbers?

What I'm thinking here is that curation can be stimulated but not to the point of making that equal to content creation. Of course, I'm asking for things beyond what has been posted about this. Perhaps since you've been involved in those talks this post mention were held, you can give us some more info about the reasoning behind the decisions.

In any case, thank you.

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@blocktrades · Jul 3 '19

50/50 between authors and curators isn't even close to "equal to content curation". Because there's one author and a lot of voters.

👍 hashbrownhustla

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1 reply

@blocktrades · Jul 3 '19

There wasn't an special calculation performed to come up with 50/50 vs some other combination. 50/50 is just a reversion to a formula that was working better. 

After the switch to 75/25, we saw the rise of vote bots and the result was that manual curators like me pretty much gave up in disgust. The rules of voting became simple under 75/25: delegate to vote bots or have your stake eroded badly versus those who didn't delegate to vote bots. Either way, eventually all stake was going to be delegated to voting bots. 

I also saw a pretty clear decline in the quality of articles on trending as a result, destroying the promise of "proof of brain" on the platform.

👍 hashbrownhustla

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2 replies