RE: Forum steem
Topic: Convergent Linear Rewards
This is to be part of the EIP, basically means that small votes won't have as much effect until it reaches a certain value, I think a Steemitblog post mentioned that value to be 16 STEEM, thereafter the rewards become linear again. This is said to be for the purpose dissincentivising whales from using multiple accounts to game the curation rewards, however quite a few have enough power to instantly hit 16 STEEM worth of post reward value so am still trying to wrap my head around it.
The proposed formula I believe is:
result = ( ( rshares + s ) * ( rshares + s ) - s * s ) / ( rshares + 4 * s );
Some concerns exist about disinfranchising the smaller voters with this proposal and will kill off microvoting amongst minnows.
Would like to hear some feedback from the community in this regard.
Reply to Convergent Linear Rewards
My bet is on debacle, but I base that on prior results.
Rc credits was a good thing.
Maybe this will be, too.
The test will be in how quick the exploits are forked out of this fork.
I know forks are hated by exchanges, but good customer service (rofl) could mitigate that.
Stinc is better known for running customers off.
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Reply to Convergent Linear Rewards
Wifi double posted.
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Reply to Convergent Linear Rewards
@freeborangel your reply worked, I think alot of things need to be tried and iterated, only by trying do you really know, I mean Steem is so down the dumps already, I suppose what is the worst that can happen? You learn more from failures than wins.
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