RE: Change Curation Reward System On Steem Blockchain / DISCUSSION
OMG, you've read my thoughts!
Just a few days ago I've asked this question to at least 60 people (steemit bloggers chat in tg) I've asked how can I count (appr. at least) how much I can earn from my vote. No one answered) Now I understand why - there's no exact answer)
And I hardly understand about early birds (when is deadline of being an early bird?)
But.
If you remove the early voters' model, wouldn't it be just a mass checking where did steemcurators go and where they vote, and put votes only where steemcurator's reward was high enough?
To tell the truth, I tried it myself — was tracking some steemcurator, and put my vote to where the steemcurator put (yeah, yeah, I didn't know anything about early birds system and was so surprised I've got much less than 1 cent, I mean much less)))
As for me, a person with a small SP (it's small for now but who knows), I'd rather say you should treat all votes equally and give curators a share of the post payout based on their stake only. But in the Diary Game it can be turned to chasing on steemcurators, I'm afraid.
Or... If there was a feature (some button or sth) that can show if curator's vote is still counted as an early bird's or no (and what's the gradation or curation rewards on different time).
Or... I don't know, I'm not sure I understand the system of curation rewards right LOL
But I'm glad this topic appeared in your blog, I'll read all the updates^^
Hi thanks for joining the discussion!
To explain it as easy as possible: Curation atm works like this
If you vote before the 5-minute mark that a post is posted, a share of your vote goes back to the pool. As penalty so to speak.. If you vote before all big votes come in, you get a bigger share of the 50% that goes to the curators. (minus the amount that goes back to the pool as penalty for -5 minute voters.)
IF you vote after the bigger votes, a share of your vote goes to the people that voted before you. That is why you earn less if you vote on posts that already have a big payout, or if you vote a few seconds to late.) It is more of a game than an actual investable venture.
If you vote before all the big votes come in, you get a bigger share of the pie, based on your own vote of course. Thats why you sometimes earn more.
What we like to change is this actual model that causes people to autovote on people they know are going to get high votes, and everyone is competing to be first. If all people were chasing the ROI, we would even have less users.
What we like to achieve is a more fair distribution of the votes
Thank you, now it's clear ) couldn't find this in FAQ.
You explained so well, may be you even should add these few sentences explanation to a FAQ section? (of course, if early birds system will remain).