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RE: What is Steemit reputation and how does it work?
i believe if there is a downvote then the rewards pool will simply send out less rewaeds.
SP is indeed NOT returned to the voters it is in essence lost. which creates a disincentive for that voter to vote on that type of post again.
As far as incentives for downote bots, the is only vengence and it is actually a waste of time. they are simply trying to create influence and be able to censor content they dont like or approve of.
If you want to get more info on the people developing the blockchain, check out the steemit github and reach out to the folks making some of the commits.
I did drop by GitHub, but didn't spend much time there. Started reading the code...I'd have to dedicate time to that and don't have it to spare. Thanks though, I will look for names of those making commits.
Well, evidence speaks to the contrary regarding the profitability of running down-vote bots. I've seen monthly bittrex transactions as high as $10k. You can look at their account page wallets and see next to nothing for the week, for example: curation(61.064 SP) /authoring rewards (zero) and still see curation of 605.46 SP, authoring of 14.49 SP and steem of 14.48 in SteemWorld. You can trace the source there too.
I'll throw a thought out for you to contemplate: WHO benefits by having rewards returned to the Global Reward Pool and HOW do THEY profit from delegating to exclusive down-voting bots?
Heading over to Minds.com. Look me up if yo have an account there.
Wow the post is very usefull and it is of help to me because am new here . please my boss with higer repitations should kindly upvote my coment and follow me please just help me i really need help around here .thanks.