create account

RE: Steem statistics by jga

View this thread on: hive.blogpeakd.comecency.com

Viewing a response to: @markkujantunen/re-jga-q3jgkc

· @jga ·
$0.08
Very interesting question, thank you very much for your feedback.

What I try to say here is: **50% of all rewards go to posts below $6, and 50% go to posts above $6**.

Then $6 is this middle point. It corresponds to the median if we define the population as the number of rshares (not the number of posts) in a discrete probability distribution ([wiki ref](https://en.m.wikipedia.org/wiki/Median#Probability_distributions)).
Also you can see here https://joticajulian.github.io/steemexplorer/#/reports this distribution. I draw the median with a different color.

This value is very related with the previous hardfork, where we had linear rewards: Posts above $6 get more rewards compared with HF20, and posts below $6 get less rewards compared with HF20 (not taking in consideration the cut of 10% for sps).
👍  , , , , ,
properties (23)
authorjga
permlinkq3k4n4
categorysteem
json_metadata{"links":["https://en.m.wikipedia.org/wiki/Median#Probability_distributions","https://joticajulian.github.io/steemexplorer/#/reports"],"app":"steemit/0.1"}
created2020-01-04 00:42:42
last_update2020-01-04 00:42:42
depth2
children1
last_payout2020-01-11 00:42:42
cashout_time1969-12-31 23:59:59
total_payout_value0.042 HBD
curator_payout_value0.041 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length810
author_reputation76,172,796,162,312
root_title"Steem statistics"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id94,004,080
net_rshares488,005,966,034
author_curate_reward""
vote details (6)
@markkujantunen · (edited)
Thanks for the clarification. 

Indeed, the curve does what you'd expect it to do: distribute the rewards more unevenly among posts. The rationale for that is that is makes it easier to limit the amount of value sucked out from the system by spam and farmed low-quality, low-value posts flying under the radar. Many people expected this to result in worse non-merit-based income inequality than before. But increased downvotes put an end to the bid bot industry, which made former bots curators, which in turn made the whole platform much more meritocratic.
👍  ,
properties (23)
authormarkkujantunen
permlinkre-jga-q3k5a1
categorysteem
json_metadata{"tags":["steem"],"app":"steempeak/2.2.6"}
created2020-01-04 00:56:24
last_update2020-01-04 00:57:09
depth3
children0
last_payout2020-01-11 00:56:24
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_length557
author_reputation625,450,145,264,887
root_title"Steem statistics"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id94,004,293
net_rshares303,867,305
author_curate_reward""
vote details (2)