RE: HF20 Update: Operations Stable
Is it true that any upvote(solo or collectively) that is less than 0.03 won't be counted? And please correct me if I am wrong on something here... But...
From what I understand, previously if enough people upvoted and pushed the vote payout to over 0.02 it would be added to the votepayout. I have some people telling me this is no longer the case.
If that is true, this makes anyone who has 350 ish SP's 100% vote worthless, as it isn't above 0.02 in vote payout. So the only real reason to own some SP then is to have just enough to utilize the network. In the future if prices go back up their vote would be worth something, presently it is not and just counts as a "like" and adds no value.
That is most sad for us, because most of the people in our curation trail's upvotes are worth nothing now. Someone who has 1,000 SP and upvote follows us at 20%, their vote does nothing now.
I think this should be changed to accept a lower value WHEN the price of Steem/SBD is low. it makes sense for the threshold to be variable in my opinion. If prices rise then the threshold rises, but not linearly.
I don't know the exact number in terms of value (it likely depends on the market price of STEEM), but what was done is to convert the dust vote threshold where votes would previously have been rejected altogether, into a deduction where you can still vote but it doesn't have any effect on reward.
Any vote that you would have been able to make at all (without it being rejected with an error message) prior to this update does count. Votes that would have been rejected altogether before are now accepted as "vote only" (no reward).
EDIT: I looked in the developer discussion and it seems the threshold was estimated at something like 0.0001 STEEM. This affects truly tiny votes, not most merely small ones below 0.01 reward.
There are two different dust mechanics.
The first is the dust upvote threshold, which is set at 50M rshares (closer to 0.001). Before HF20, upvotes below this level were not even accepted. Now all upvotes are decreased by this amount, so upvotes below this are treated as 0 but still work.
The second is the dust payout threshold, where posts/comments below the threshold (I think it's actually 0.02, but it's frequently cited as 0.03 to allow for variance in the value before payout) are not paid out. When a post fails to reach the dust payout threshold, there is no payment. As long as the post exceeds the dust payout threshold, then all upvotes that are above the dust upvote threshold are still counted.
For evidence of this, look at the curation history on an account like @sbi10... which does a lot of small upvotes for the smallest enrollment levels in the SBI program. The rewards you see here are from votes that ranged from 0.004 to 0.056 in value.
Well said, thanks for clarifying this!
What I want to know? @steembasicincome
I have five accounts:
Which of these accounts are going to fail to reach the dust payout threshold at a 100% up vote?
https://steemit.com/utopian-io/@crokkon/how-will-the-hf20-dust-vote-changes-affect-the-vote-values
https://steemit.com/utopian-io/@crokkon/got-upvotes-but-no-payout-an-overview-of-the-situation-around-the-minimum-payout-threshold-1536870593455
In my opinion, thats encouraging people to delegate to large promoting services instead of doing any meaningful curation by themself. Thats sad... =(
EDIT: Ok, seems to be not that worse.
only if they have under 30 SP though, which I think is fine, those people aren't all that tempted to delegate.