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RE: Introducing Upvoteshares !

in #esteem6 years ago

Keep in mind that members may post at different frequencies, and decisions you make around that will make it more (or less) attractive for different demographics. The worst possible setup will be for the upvote per post to be exactly the same for everyone, with no limitation on frequency. @qurator limits upvote frequency to once daily, @steembasicincome adjust upvote value based on post frequency and upvotes every post (except for in pool 7). I'm less familiar with @make-a-whale, but it looks like they also rate-limit to once daily.

Of course with once daily, your core demographic is people who post at least once per day. As you pointed at correctly about SBI, the people that don't post help boost the returns for those who do, but we calculate on a weekly frequency. If you calculate on a daily frequency, then it is exacerbated even further, with people who may post only a couple of times a week incidentally passing their benefits to people that post every day. At your price points, you will likely only attract people that post every day. Would be interesting to see how the actual vote compares to a similar level of investment in SBI, but there isn't enough information here to do that.

I do like the solution you came up with for growth dilution, as there are some limitations to the solution we came up with (as seen by the fact that our target multiplier has dropped over time). We considered that, but we wanted to keep SBI accessible to everyone, even in a rising STEEM price regime.

Good luck with your project, and let us know if you want to discuss any of the points, since we do have a little experience here.

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Thanks for the reply @steembasicincome, you are right about the upvote value based on average amount of posts you are offering which is really good for people who don't want to post daily. I've thought about offering manual weekly upvotes but I really want to be able to manage it and know something like this can take up a huge amount of time. This is one of the reasons I will keep it rather small scale just as an experiment to test the model.

It is really a problem for Steemit that 10x self upvoting is most of the time is the most profitable thing to do, even a project like qurator now feels like using a bidbot where you take a guaranteed loss at the higher tiers when delegating.

One of the things I want to test is if it is possible to get curation rewards that are actually worth it with a model like this. It is one of the things I might overestimate along with the pace the account can potentually grow.I will soon post a total break down of the numbers which I welcome everyone to scrutinised as much as possible.

If I ever need advice I'll make sure to contact you on discord. I have my own project channel on discord hosted by the SBC where I post some updates and can be contacted (@costanza#2335 )

Isn't very logical that 10* self voting is the most profitable? Just imagine everyone does that......

For bigger accounts it most of the time is the most profitable thing to do at least short term. If you want to beat the 10x daily self upvote you always need even bigger accounts to upvote you. That's the reasons many of the whales turned into upvote bid bots. Steemit just needs a much better distribution. Whales support mainly dolphins, dolphings support minnows and minnows support plankton. To make that happen we need a system where curation does not get punished like it is now which is one of the things I actually try to test out with this model.

Don't forget that it's impossible that everyone wins. I mean if one account grows explosively that means others don't. Someone needs to pay for it.

Actually in theory it is possible, Steemit owns a lot of SP that can be used to reward proper use of Steemit instead of purely selfish use. that way everyone can theoretically win and get more than a 10x self-upvote back. That's just theory though

Is Steemit now using all that SP for self upvotes?

But even then if you win some, someone else will lose some. There is no concept where money is for free.