RE: Curation reverse auction changing from 15 minutes to 1 minute in hard fork 21
The bot votes happen anyway. The idea is to get them over with in one minute and then people can vote without needing a stopwatch.
With the increase in curation rewards from 25% to 50% we expect that curation, including bot/autovotes, will get more competitive with more votes during the timer on known authors and more of those happening earlier in the timer. Which means that more of those curation rewards will return to the pool and result in higher payouts elsewhere. It also means that humans will be increasingly shut out by waiting or by trying to jump ahead.
Bots can play their games easily enough within one minute on the sure thing votes and everyone else benefits from both a more intuitive voting experience and more rewards returned to the pool and up for grabs elsewhere.
It does remove the cognitive load of trying to time the votes. Popular authors are setup for autovotes from big accounts anyway but with this change it will be difficult to front-run them. With the change to the rewards curve smaller accounts will have two options: either set earlier autovotes and forfeit on curation or vote on other not so popular posts and also lose some rewards with the non-linear portion of the new curve. Intuitively it seems to me that bot voting will have an advantage. I will give you guys the benefit of the doubt until we have enough data to analyze the change in behaviour that this adjustment will produce. Thanks for the explanation.
Wow, still can't believe that I missed this news. I've been out from the crypto scene for some time to start my platform 247couponcodes - It feels good to be back.