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6 years ago in #utopian-io by crokkon (68)
$109.05
- Max accepted payout: $100,000.00
- Past Payouts $109.05, 0.00 TRX
- - Author $82.12, 0.00 TRX
- - Curators $26.93, 0.00 TRX
If I’m not mistaken, concentration of stake/influence was one of the main gripes around here prior to last year’s hard forks that were supposed to help correct it. But it appears that the changed/implemented protocols have failed to make much of a difference at all in that regard.
I think it’s safe to say that adding Steemvoter and other private automated voting would put this figure well over 50%, possibly into the 60s or more.
So, what we have here is a platform with activity that is dominated by automation and largely influenced by paying for what are essentially whale votes that are actually larger than most non-bidding (human) whales. To me, this is much worse than any superlinearity “problems” that previously existed. I’m not sure how a social media platform can survive like this if it continues down the same path.
But since very few seem to care - particularly the “leadership” that created the original problems, then created the worse “solutions” to the original problems they created - I don’t believe any of this data will matter much. We all know that something isn’t right, but instead of seriously looking at this data and trying to comprehend it, most people here will simply cheerlead and shill for Steem and STINC, then denigrate anyone who isn’t doing the same.
And the problems continue...
Thanks for stopping by, @ats-david. I can't comment on pre HF18/19 since I wasn't there at that time, but you pretty much summarized the state of Steem as it is now. The platform is definitely largely automated, and my numbers here only address two aspects of many...
You are so correct my friend.
I want to invite you to participate in NFL Pick'em this year.
Thanks for considering...
https://steemit.com/sports/@steemitnflpickem/steemit-nfl-pick-em-week-one-win-steem
@ats-david,
What do you think of these proposals:
https://steemit.com/steemit/@quillfire/central-premise-and-proposals-a-series-about-fixing-steemit-part-4
https://steemit.com/steemit/@quillfire/follow-up-central-premise-and-proposals-a-series-about-fixing-steemit-part-4
Quill
After all that time it was right there using keys. Respect. This is an amazing analysis. 5% is not too bad. But the 41% autovotes hmmmm thats why no one is reading. Very interesting
Need to learn to use beem. Holger pointed me to it before, just need to find the time.
Awesome work.
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That is actually concerning. The contents have moved beyond from just reading and people aren't consuming.
Taking "don't read half the times" to a literal level.
Oooh great! This is very clever! I was doing this locally earlier by tracking memos, though it doesn't handle when people are using internal balances to initiate a vote (I do handle refunded balances though). This, while time consuming, should capture everything. Thanks for the analysis!
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Thanks, @eonwarped! Yes, the internal balances make the result from the memo approach only a lower boundary. Another limitation with memos is that you typically know how much was spent for the votes, but can only estimate the vote value based on typical ROIs. Nevertheless, it scales better to larger time ranges.
Would be interesting to know how many bids are done from internal balances vs. blockchain transfers! :)
Hey, @crokkon!
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Very interesting indeed, takes some time to assimilate all these numbers and figures... Well done thanks for posting!
/FF
In your conclusion you wrote:
The votes from bid-bots and paid voting services sum up to 28.7% of all votes by value for that day
But doesn't it sum up to 28.17+3.82+1.44=33.43%?
In general this is really a great investigation as it solves a long time outstanding question!
Thanks for your remark and cross-checking the numbers! A '1' got lost there: 28.7 -> 28.17.
The 28.17% are all votes directly from the bid-bots and paid voting services. On top of that are 3.82% + 1.44% from the vote sellers via smartsteem and minnowbooster.
In total 33.43% for bots + vote sellers for that specific day.
Interesting stuff, @crokkon. Very, very interesting!
I want to mention that Smartsteem previously had the steemconnect option and so far, still a solid number of votes are being made through steemconnect instead of posting key signing.
Which means, the number for Smartsteem will be a bit higher. And it would be quite interesting to have data for multiple days or even weeks.
Also, while I don't have an exact number for daily votes, so far over 6.6 million votes have been made from vote-sellers.
Anyway, thank you for your work!
Thanks, @therealwolf, also for the additional information! So this means that at least a part of the 4.2% of votes (by value) currently assigned to steemconnect actually are smartsteem vote sellers as well. I agree that it would be interesting to see the picture on a larger time scale.
Great analysis, @crokkon ! Congrats!
thx @verodato, also for the RS!
Automation isn't that bad if used properly.
I'm still doing full manual curation but I'm well aware of how inefficient is that. However, there's a chance here for some middle ground: https://steemit.com/wise/@lukestokes/sneak-peak-wise-vote-an-interview-with-noisy
Kudos for the full-manual curation, great to see that this works out also with higher stakes!
Wise is a very interesting project for finer-grained voting controls. I haven't heard much about this project lately, but it's certainly worth a more detailed look.