You are viewing a single comment's thread from:
RE: Making Steemit Better: A Proposal to Flatten the Rewards Curve
If a post has 100 votes and a value of $0.02 and another has 40 votes and $25.00 potential payout, would the 100 vote post become that much more attractive?
This proposal will narrow the gap significantly. If people have SP, their votes will be more powerful. That will remain. What would not remain is the enormous amplification that the system adds on top of the already-large disparity in SP holdings.
If you look at the third graph in the post, the $25 post would be somewhere toward the left and its reward using the revised formula would be much smaller. The $0.02 post would be somewhere toward the right and its reward would be much larger.
Many thanks for that explanation @smooth - you guys are all doing an amazing thing by finding consensus amongst yourselves first and by being prepared to explain and rationalise the reasoning and the effects. Thank you.
Have a great time for the rest of your weekend.
Thanks for helping us understand. So this will not fix the issue of the Steem-Guild self voting. Just make their rewards a tiny bit less for doing so while the 75% of the community not connected to Steem-Guild still receive beans.
It will make their rewards a lot less, and 75% of the community would receive a lot more. Did you look at the chart in the post? SG multi-whale votes is at the extreme left side and will receive much less and 75% of the community is on the right side and will receive much more.
But at the same time our articles which receive multi-whale votes will be punished and that sucks. There is no more lottery then and Steemit becomes less exciting. I'm not sure how I feel about this yet. Though I would greatly benefit because I never get multi-whales, I feel bad for those who do get that and deserve the extremely high payouts for a killer post. At least it's getting talked about. I am staying out of Steemit politics for now tho. It's maple syrup season and I have too much to do. :)
One clarification, as i think @smooth may have missed part of what the question was looking for.
In @ebryan 's example, the gap between the 100 vote, $.02 post and the 40 vote, $25 post will be narrowed, but the narrowing will be based solely on the total SP voting for the post.
That is to say that fact that the first post has 100 votes and the second post has 40 votes is irrelevant. The narrowing of the gap between a 40 vote post with $.02 and a 40 vote post with $25 will be exactly the same.
In a perfect world, i don't think rewarding the 100 vote post for getting more votes is a bad idea. But i don't think there is a pratical way that can be done without making the system exploitable by sibyls.
I mostly agree. I deliberately did not address the 100 vote vs 40 vote issue because also agree with your comment that it can't be changed (my proposal has always been to stop prominently displaying the vote count because it is misleading and making it more visible is not only confusing but creates an incentive to deliberately manipulate it, as we saw in the case of the Hot ranking before that was changed).
However, I do think it helps, in narrowing the disparity. A 40 vote post may (and will) certainly earn more than a 100 vote post, but even when that does happen the disparity would often be much smaller, in practice. Maybe that reduces the degree to which it seems unfair, maybe not, but it certainly can't hurt.
great approach for all Steemians I think given I can judge this yet @smooth