RE: Steem Basic Income - Monday Night Contests
I really love the idea behind @steembasicincome and I'll keep on giving out more shares as time goes on! Gave away 30 more yesterday to well-deserving Steemians :-)
I was wondering something, though: it seems like the @sbi2 - @sbi10 pools are inefficient much of the time. Usually when I check, several of them are sitting at 100% voting power, wasting. [As I write this, @sbi6, @sbi7, @sbi8, @sbi9, and @sbi10 are at max voting power.]
I do respect your discipline in keeping them around 98%+, but wouldn't it be better to be a little more liberal with the upvote percentages during the bear market when many people are inactive? Otherwise the funds are not being used to their full potential, at all.
I realize it's a massive undertaking to make sure everything is fairly doled out and managed, but I wanted to bring this issue up because it's been bothering me recently. Anyway, much gratitude for all you do! Peace.
We actually oversubscribe the voting power from all the pools by 20% to accommodate for changes in inactivity and the occasional misses from our voting service. The voting power in all the lower pools is too high because of the ongoing service issues with Steemauto.
Once we finish our own fully automated voting engine, it will target 90% voting power for each pool account.
Thanks for the info! Hopefully the automation issues will be resolved shortly. I don't have the developer knowledge to know if this is practical, but maybe a couple of levels of failsafes could be built so that if one automation service is down, another could be used as a backup. Eventually, something like that will have to exist for the STEEM blockchain for bigger investors to feel secure in building systems here.
Thanks again for the explanation :-)
We are developing our own bot for this, so that we will not rely on third-party services anymore. Once that is developed and deployed then we will look at whether we also need to setup our own node.