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RE: Whales No Up-Voting Test
When they got upvoted their rep will increase.
I'm not going to downvote them to zero, so in worst case their rep will still increase some.
If they already have higher rep than me, my downvote won't affect their rep at all.
//Edit: just noticed that people who got bot voting from @wang and @created and perhaps some other bots wound't get an increment of rep score, so will be hurt somehow by downvoting. I guess it's not a big deal..
Is there evidence to support that the whales are already voting less.
My metric is 0 payout posts in cashout, it appears that there are less.
I was figuring that was whale shame, is it not?
The amount that the platform pays out will still stay the same, even if none of the whales vote. The only difference is that instead of whale upvotes dictating where the majority of rewards are allocated, it will be decided by the votes of the dolphins and minnows. With the absence of whale upvotes, the upvotes from dolphins and minnows will now have a lot more influence.
Right, instead of the .01% sucking it up and doling it out to their preferred content providers it gives everybody at the bottom a chance at a payout the moves the UI.
Yes
Now if only more people understood that, then that would be awesome. This test is to take control away from the huge whales and distribute rewards more fairly. Hang in everyone....this will be worth it.
Yep, exactly!
If the intention is to reduce the voting power of users with SP, then there is little incentive to hold SP and surely the whales will begin to power down further driving down the price.
In that scenario why not just hold your value as STEEM you get little benefit for holding SP? (I know you get a bit of the daily reward pool but not much else)
It is just an experiment. Obviously if anything long term is to be done, more would need to be done to address the 'fairness' and gaming aspects of it.
What about those of us who havr earned backing by sacrificing for the last 3 years for the community that made steemit even possible? Do i deserve you to downvote my work that FINALLY can get paid for?
This, abit, is a terrible experiment.
I respect your choice and I understand what you're trying to accomplish @abit but I want to take the time to share my thoughts on this.
It seems like the distribution of Steem is going well and is mostly done through the sell of Steem. Around $122,211 worth of Steem has been transacted in the last 24h. The daily author reward pool is worth only $4,324 if sold on Poloniex. (thanks to @inertia's bot for the info) The price of Steem has been going down lately thus the biggest losers are those who own the most Steem. With your experiment you will indiscriminately further put the larger Steem holder with author skills at a disadvantage.
I worked probably close to 20 hours on my next post and I put in more than 10 hours on almost all my chapters. I don't post that often. Usually when I do I get great rewards because I put a lot of time and thoughts into my posts. Not only in the redacting part but I spend all my life teaching myself about everything I could.
At first I thought this experiment might be a great experiment but after further consideration I doubt it. I don't post for the rewards yet like fuzzy I have spend a lot of time learning about crypto and that's one of the reason I and some of us were on Steem very early. I have spent the time, effort and taken the financial risk to be where I am now with the Steem I own. Most people on Steem haven't read the whitepaper once, haven't heard of Bitcoin before and it's okay. They are rarely the largest Steem holders for good reasons.
Money isn't the primary motivation for me and this will clearify in my next post but I need money to be able to advance my primary goal. I will uphold my next post in the hope this experiment will be stop soon. I hope you will consider removing your downvote if you were to realize that they didn't accomplished what you intended them to.
@teamsteem - the experiment does not take away any rewards from the reward pool. The platform will still pay authors the same amount regardless of the upvotes/downvotes from whales. All this experiment is doing is changing who gets to decide on the reward allocation. By the whales not voting (or being canceled out by other whales downvotes) then the dolphins and minnows will be the ones influencing the rewards.
Yes - and that person is primarily abit. This "experiment" is severely flawed. Any "data" gathered from it will be worthless.
I never said the experiment takes away from the reward pool. I'm not sure if you misread me or I badly expressed myself. I know how the reward pool works.
The point I made with the reward pool is that the % of total number of Steem people own are being influence more by the day to day selling and buying of Steem than by the number of Steem being distributed by the reward pool.
Also you commented below:
@ats-david ansered.
You answered
Also not all whale's votes are being cancelled either.
@abit You're sick .... groomed, call a doctor ....
Being condescending towards someone isn't a positive to anyone. We all been condescending toward someone at some point but we should strive for better. Have a nice day @sardrt!
Speak for yourself ... I'm not condescending with anyone ... Good night @teamsteem
can you try a best of three, I get it it's not your day and you are mad, still why say you aren't speaking down on anybody when you are, I'm sure there are many others that are sick and is some strange way abit seems to be the one with the doctor outfit :)
Really? do something productive.