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RE: The Steem reward system, Part 1: V-shares

in #theoretical • 8 years ago

Hmm, I don't get it myself, I have a post that peaked at $7609, it is now under $7000. However my over post that peaked at about $1400 has lost about $70 so how is that possible, that one loses over 10% and the other less than 5%?

It's quite depressing to see my top post just plummet, at this rate it will be 0 by the time the 4th comes.

8 years ago in #theoretical by
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     8 years ago 

    The price is based on the voters steam power at the moment. If the person who voted for you votes for other people then their individual vote is woth a little less. The more a person votes, the less each vote is worth during that day. That's why the price will changes.

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     8 years ago (edited)

    The real reason is in the post:

    Each upvote "prints" V-shares, causing the upvoted post to get an increased percentage of total_reward_fund_steem and slightly decreasing all other posts' percentage.

    By the way, although I think this post is very good, in order to encourage new users and/or articles/blogs which are not about Steem/blockchain, I won't up-vote it (which will decrease other posts' percentage of total reward). Sorry.

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       8 years ago 

      So, your curator reward is lost.

      $2.63
      • Past Payouts $2.63
      • - Author $1.31
      • - Curators $1.31
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       8 years ago 

      No, from a strategic voter's point of view, I'll save up my voting power so can use it elsewhere, and hopefully will earn more reward.

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         8 years ago 

        Isn't the exchange rate a factor too? It has been declined quite a bit recently.