The Underbelly Of The Whale
Whale List
Yesterday I wound up on the SteemWhales site to see where I was on that list. Just kidding. I was simply curious. There are 35 newly minted millionaires and many 6 figure potential millionaires. We can identify many of these people.
Curation Rewards
I clicked on a few of those entries to see what kind of posts had garnered them such wealth and influence. One of those millionaires was firstclass @firstclass. He/she/bot has earned over 20 million curation rewards yet hadn't blogged, posted or replied to anything. There are several of these anomalies.
If you look at the firstclass wallet you'll see that they received large amounts of steem power from other accounts. That ability to transfer steem power is not an option on my steemit.com wallet so I assume it's done with the cli_wallet.
Curious
So I am curious. Are these bots? Is there a lot of money to be made in curation?
If anyone has any insights, first hand knowledge or maybe a good theory then please fill me in.
Captain Ahab , "a coin to the mate who spots the Great white Whale
Welcome to the Steemit community! I have added you to my list of people to follow and I hope that you will do the same.
I have also created a blog here and would like to ask if you would kindly contribute some of your knowledge to the community and perhaps answer a question or two I have posted on the links below.
By simply answering a few general questions your help to build our collective knowledge base, and your input is valuable.
How valuable is my input? Well answers to the questions you post have the opportunity to earn STEEM which can be converted into Bitcoin and then your countries local currency! IT IS TRULY AMAZING!
I once answered a question on here and received 59 STEEM which converted to roughly $177.00 in USD! The reason was that my answer was of value to readers! So please add your value and answer a few questions here:
What should every foreigner know about your country?
What is your favorite YouTube Video of all-time?
What is your favorite quote: Which quote inspires you?
Payout timer. When do you get paid for your contributions?
What is the role of religion or spirituality in your life?
What is the best habit that you have taken up from another person?
What is the best way to lose weight and how did you do it?
What would you do differently if you knew no one would judge you?
What are some amazing facts that sound like BS but are actually true?
What is your favorite music video of all time?
YOUR CONTRIBUTIONS MATTER! YOUR ANSWERS MATTER! YOUR QUALITY ANSWERS PAY!
#QUESTIONS #ANSWERS #CONTRIBUTE #TELLYOURSTORY #DISCUSS #VIVASTEEM
I recon the secret will be kept safe:) curation rewards are the key I imagine, knowing how to properly vote is why they do so well maybe.
I've noticed that when I curate too much then my voting power drops below a 100%. This indicates that these heavy contribution earning accounts start off with 100% voting power. If it drops below 100% they can create a new account and fund it.
Anyone know whether the posting, replying and curation algorithms are open source?
Here's https://steemit.com/steem/@abit/maximum-voting-power-usage some information on voting power.
That article's outdated, the numbers have been tweaked since then.
Curation rewards explained by @dantheman https://steemit.com/steem/@dantheman/how-to-maximize-curation-rewards.
Here's https://steemit.com/theoretical/@theoretical/the-steem-reward-system-part-1-v-shares a detailed explanation of voting @theoretical. It's a multipart series.
After reading the 6 part explanation on voting I have come to the conclusion that I stick to reading content I like, upvote sparingly and keep investing in / earning steem power.