RE: People Rank - Using Page Rank Algorithm for Better Curation and Rewards by cryptofunk

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steem · @cryptofunk · Aug 11 '16 (edited)

I'm not sure why there is more value in voting early than late. A vote should always count equally whether you are early or late but within the time frame. Spread of curation rewards should just be on vote and steem power and maybe web of trust. We are human after all. We have real life time constraints like sleeping eating work etc, so if I vote early or late for the dollar vigilante's latest post as long as it it before payout surely it is the same mindset that I liked the post equally whenever the post is created or caught by me. The mindset that early adopters get the most money seems unfair and undemocratic. The general public don't want to be watching their feeds like a hawk making sure they vote as early as possible. Am I right?

👍 opheliafu

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@anonymint · Aug 11 '16

> I'm not sure why there is more value in voting early than late.

Because otherwise everyone would just vote late on the most voted posts, so as to participated in the maximum curator rewards since [rewards are the square of the total votes](https://steemit.com/steem/@anonymint/blog-rewards-can-t-be-widely-distributed).

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@cryptofunk · Aug 11 '16

I see your point there but don't we want to share with everyone who likes the same things as us equally? Sure there will be a lot of sheep/minnows following, but that is good for the masses and keeps them included. If the minnows think that their vote doesn't count then they will think their vote is not worthwhile and won't vote for anything.

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@anonymint · Aug 11 '16

You are conflating equal in time and equal in voting power. But both forms of equal weighting would be destroyed by game theoretic attacks. Click the link I provided for more detail. Yeah we'd like to achieve some of the attributes you are thinking, but the problem are the attack vulnerabilities.

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1 reply

@cryptofunk · Aug 11 '16

Also some excellent content demands careful reading and multiple reads as well as more time to digest before you can even think about upvoting. You don't want people to vote first then read to get their curation rewards. Or if they upvote first then read and discover their favourite writer has written some horseshit they would then have to remove their upvote. It's kind of not methodical or a good flow of how people operate in the real world.

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