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RE: Huge Loss in Whale Power: A 6+ Month View: Distribution Is Really Changing!!!! Facts On Paid Bots Too!!!!
I knew the distribution of Steem was moving into the direction of dolphins, minnows & redfish, so this was not a suprise for me. But that it's happening this quickly kinda was! I think that is really good news for this platform!
But the second part in your post amazes me, only 1,7% of the votes is done through bots?? Are you 100% certain of this statistic? The impression I have at the moment is completely different, but then again, what knowledge or analysis did I do except just looking the trending page...
I'd like to know, actually, how big is the percentage of the daily rewards appearing on the trending page? Or, what percentage of post rewards does never appear on the trending page?
I didnt do the analysis, that was @penguinpablo but his work tends to be spot on so I have no reason to doubt it.
I agree with you that the impression about a lot of things can be different. While you are not surprised about the distribution change, at least as a trend, many are. They believe the the rich are getting richer.
The final pieces you ask about, I do not know if those can be run. I would guess they couldnt since the analysis is of the blockchain and trending page is a Steemit feature.
Nevertheless, I take this all as good news that, in spite of impressions, there are some major things on Steem that are working.
Allright! I'm gonna check out that @penguinpablo post. Interesting stuff!
Hmm, I' ve just read two posts by @penguinpablo:
How come the bots are taking $22,442.70 out of the reward pool per day, but there's about $100,000.00 invested in those bots daily? It doesn't make sense to me that Steemians would structurally invest in things that have a huge negative ROI... What am I missing?
The "only 1.7% of the votes is done by bots" seems unweighted. I don't think a 100% vote from someone with 15SP and someone with 150.000SP are the same thing...
Now I remember why I don't follow @penguinpablo anymore, usually after reading his posts, I have more questions than answers...
I cant speak for the research, but to the point of a 15 SP very 150SP is taken into account. The 1.7% is using the total number. You are right to point out there the weight is not the same. So while the total number might be low, when you look at the actually voting weight, it could have a much greater impact.
you did speak for the research when you posted this and used it to paint a picture of the reality of upvote bots. But, you're missing a lot of information in your assessment.
The bot percentage has to be higher than 1.7%. I thought there were some discrepancies in PP’s post that were pointed out by some and that he admitted were question marks. Going from memory here and want to be wrong. All that aside, another awesome post Taskmaster!
How is it awesome, when it's completely irrelevant, of course the tide is shifting but unless you can get all 40k new users that signed up last week to vote together (at 1/3 of a cent each = about $120 TOTAL) you can't even begin to make a dent in some of those bots.