Spot on. Steem will never draw those big investors @ned has always dreamed of for this exact reason. It's nothing but a fanboy club that @ned ensures will never change.
When the original post came out I thought it was all votes before 15 minutes. But many said it was just for the self vote.
Here is @themarkymarks take on it. here
I believe they changed it to prevent people from using large upvotes to get the curation for themselves. It didn't matter whether they were self-upvoting or using bots to do it. The author was able to manipulate it so that they got the curation. Now it's burned. It seems it would make more sense to just get rid of this time limit. A vote should just be a the same no matter when it's cast. But then I also don't know why they get burned when voting on a post more than 7 days old.
We will all have to wait 5 to 7 days to know what they really did?
I think the jury is out for now because how can we accept anything but the facts after it happens?
This will better serve the original mission of the curation rewards budget: to ensure that the Steem blockchain distributes rewards to the most valuable content.
I would upvote this reply but it would just get returned to the reward pool so if I remember in 15 minutes you will know I agree with you 100%
The most counterintuitive and inefficient mechanic possible. FFS.
Another @ned special!
I thought it was only for self upvotes?
Posted using Partiko iOS
No, it's for all votes. So unless you want some of your voting power going to waste, wait until comments/posts are 15 minutes old.
The voting window only applies to 25% curation rewards. If it is not functioning correctly than there is another bug in the code.
Look Under Curation Updates here for the information:
https://steemit.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20
Yes, that's correct. You still waste a lot of voting power if you vote on posts/comments during the first few minutes after it was published.
When the original post came out I thought it was all votes before 15 minutes. But many said it was just for the self vote.
Here is @themarkymarks take on it. here
I believe they changed it to prevent people from using large upvotes to get the curation for themselves. It didn't matter whether they were self-upvoting or using bots to do it. The author was able to manipulate it so that they got the curation. Now it's burned. It seems it would make more sense to just get rid of this time limit. A vote should just be a the same no matter when it's cast. But then I also don't know why they get burned when voting on a post more than 7 days old.
Its a penalty portion of your curation rewards that get returned to the reward pool not the vote given to the author.
We will all have to wait 5 to 7 days to know what they really did?
I think the jury is out for now because how can we accept anything but the facts after it happens?
True dat!
This will better serve the original mission of the curation rewards budget: to ensure that the Steem blockchain distributes rewards to the most valuable content.
Do you believe that crap?
No the rewards go to whovever the richest steemians want the rewards to go to and none of them are reading your posts.
LOL! No! Just reporting on the mechanics.