Viewing a response to: @hiveio/hive-hardfork-25-is-on-the-way-hive-to-reach-equilibrium-on-june-30th-2021
I can't wait to see how the attempt to stabilize hbd works out. I have been looking forward to this update. Also, the voting tweaks are huge imo. I hate that I am incentived to auto vote to maximize rewards, it makes it not fun and a bit stressful. These changes are a breath of fresh air.
author | nuthman |
---|---|
permlink | re-hiveio-qv94cd |
category | hive |
json_metadata | {"tags":["hive"],"app":"peakd/2021.06.2"} |
created | 2021-06-25 09:43:30 |
last_update | 2021-06-25 09:43:30 |
depth | 1 |
children | 16 |
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cashout_time | 1969-12-31 23:59:59 |
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root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
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percent_hbd | 10,000 |
post_id | 104,543,617 |
net_rshares | 1,851,883,949 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
singa | 0 | 1,437,377,559 | 100% | ||
fractaldreams | 0 | 414,506,390 | 100% |
I would love to be wrong about it but I'm pretty sure that people competing into the depths of the reverse auction is the only thing that makes curation spread across a wide array of posts more efficient than everyone just piling onto whatever is already hot/trending, and for most people it is also the largest obstacle to optimizing any form of voting automation. Currently if you see a new post voted into $100+ then there's no curation to be done - go look for smaller people, which is perfect conceptually even if there's a flaw in the execution. After this change however, it sounds very likely that it will be optimal to dogpile into anything that already has traction, knowing it might gain more the next day, which is literally the exact opposite of what the original curation system was made to do.
author | alphacore |
---|---|
permlink | qvd4yp |
category | hive |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2021-06-27 13:47:51 |
last_update | 2021-06-27 13:47:51 |
depth | 2 |
children | 15 |
last_payout | 2021-07-04 13:47:51 |
cashout_time | 1969-12-31 23:59:59 |
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root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,579,858 |
net_rshares | 0 |
I am curious as to why we need to have any kind of algorithm at all based on time. Why can't the votes simply be calculated based on one's HP, and not be affected at all by time as long as it's between 0 minutes and 7 days. I feel like it shouldn't matter whether or not you vote in the first second, or the last second. Your payout should be the same regardless of what others do.
author | nuthman |
---|---|
permlink | re-alphacore-qvdnkf |
category | hive |
json_metadata | {"tags":["hive"],"app":"peakd/2021.06.2"} |
created | 2021-06-27 20:29:03 |
last_update | 2021-06-27 20:29:03 |
depth | 3 |
children | 3 |
last_payout | 2021-07-04 20:29:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.040 HBD |
curator_payout_value | 0.040 HBD |
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root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,585,519 |
net_rshares | 140,662,233,887 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
manorvillemike | 0 | 140,256,821,581 | 45% | ||
fractaldreams | 0 | 405,412,306 | 100% |
`our payout should be the same regardless of what others do.` this is not a curation system - it is a braindead staking system. the ordering of votes was supposed to reward curators, and the reverse auction would diminish overall % of post payout into curation rewards on larger accounts as more and more people delve into those first 30 minutes (originally) then 5 minutes (after people forgot the point) and now 0 (possible aneurysm levels of misunderstanding) I do not think this solves any problems of the systems that came before it other than to offer the sentiment of "something changed" to anyone that didn't like or understand it, but again, I would love to be wrong about it, since if I'm wrong it could only mean good things - currently I see nothing positive about "we deleted one of the smartest innovations of the entire blockchain instead of improving it"
author | alphacore |
---|---|
permlink | qvisnm |
category | hive |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2021-06-30 15:07:36 |
last_update | 2021-06-30 15:07:36 |
depth | 4 |
children | 1 |
last_payout | 2021-07-07 15:07:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.046 HBD |
curator_payout_value | 0.047 HBD |
pending_payout_value | 0.000 HBD |
promoted | 0.000 HBD |
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author_reputation | 23,829,051,779,241 |
root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,637,271 |
net_rshares | 192,142,575,914 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
tangmo | 0 | 121,542,837,594 | 100% | ||
nuthman | 0 | 70,599,738,320 | 4% |
This is exactly my thoughts too.
author | bala41288 |
---|---|
permlink | qvi3hh |
category | hive |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2021-06-30 06:03:18 |
last_update | 2021-06-30 06:03:18 |
depth | 4 |
children | 0 |
last_payout | 2021-07-07 06:03:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.020 HBD |
curator_payout_value | 0.020 HBD |
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root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,629,933 |
net_rshares | 85,335,524,913 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
geneeverett | 0 | 11,150,417,965 | 1% | ||
nuthman | 0 | 74,185,106,948 | 4% |
Under the current system, someone who votes with redfish or minnow status is lucky to get 10% of their vote values returned, while the whales enjoy 120% or more of their vote values returned in curation. How is that even remotely fair? Hopefully that kind of inequity gets fixed in the next HF. Curation should NOT be complicated. If you are supposed to get 50% back, then make it so! Don't say it is so, but in reality skew the algorithm to favour the whale votes and rob the little votes. And if all votes had a set value (not determined by cumulative vote values), the idea of voting for trending posts is removed. Fixing these voting issues will do wonders for adoption.
author | secret-art |
---|---|
permlink | qvdcuf |
category | hive |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2021-06-27 16:37:27 |
last_update | 2021-06-27 16:37:27 |
depth | 3 |
children | 10 |
last_payout | 2021-07-04 16:37:27 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.012 HBD |
curator_payout_value | 0.013 HBD |
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author_reputation | 17,727,807,433,669 |
root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,582,472 |
net_rshares | 48,374,957,887 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
dustbunny | 0 | 47,077,898,864 | 12.06% | ||
ond | 0 | 900,656,941 | 100% | ||
fractaldreams | 0 | 396,402,082 | 100% |
sure, they are "lucky" to get 10% back as curation rewards if they are not curating. meanwhile it favors the exact opposite of what you describe - smaller votes are easier to gain much higher % from curation than larger votes, which is why most of the best curators never use 100% votes unless the post is really worth it. Now they can just dump 100% on basically anything and have no incentive to spread out to vote on the little guys, because the reverse auction was THE ONLY THING that prevented everyone from piling onto the same giant accounts for curation rewards - as is exactly why it existed in the first place.
author | alphacore |
---|---|
permlink | qvitqi |
category | hive |
json_metadata | {"app":"hiveblog/0.1"} |
created | 2021-06-30 15:31:03 |
last_update | 2021-06-30 15:31:03 |
depth | 4 |
children | 9 |
last_payout | 2021-07-07 15:31:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 HBD |
curator_payout_value | 0.000 HBD |
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author_reputation | 23,829,051,779,241 |
root_title | "Hive Hardfork 25 is on the Way: Hive to reach Equilibrium on June 30th, 2021" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 HBD |
percent_hbd | 10,000 |
post_id | 104,637,660 |
net_rshares | 16,688,597,492 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
ordosjc | 0 | 16,688,597,492 | 22% |