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RE: The X-Factor, APR and Your Piece of the Pie

in LeoFinance4 years ago

Are you saying that you get negative votes because you post twice a day and you are always among the first positions in trends with great rewards? If the answer is yes, then I do not understand the democracy in HIVE, it is assumed that everyone is rewarded with his hive power to whoever he wants and believes deserves it, no? I don't understand, anyway, good article colleague, you made me understand many things I didn't know about cubfinance. I was just researching about this platform and I had many doubts about it. In fact I still have many doubts, but I guess I will solve them little by little hehe. Best regards!

Posted Using LeoFinance Beta

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The answer is YES. The system was build to give every stakeholder the chance to do downvotes just like they do upvotes, with its own downvote-power based on Hive Power and the ability to reduce or even cancel any already upvoted (or even non-upvoted) content. There are plenty of good reasons for that and plenty that have shown over and over again that it can also be abused in many ways. This discussion is as old as STEEM HIVE.

In this particular case, the downvoters might argue, that too much of the reward pool was awarded towards @krnel and they wanted to use their downvote-power to free more of the rewards for others. Whatever their reasoning might be, it was only detrimental to Krnel and his/her upvoters (because they lost out on some of their curation rewards. Everyone else got more of the pie.

This doesn't mean that I am in favor of any of those downvotes, as I am merely trying to explain the dynamics.

Ok now I understand the system better. Thanks for the explanation colleague @flauwy

Posted Using LeoFinance Beta

Well it works like plutocracy. The rule of wealth / money. Your stake is money. Those who have the most stake get to have the most power in the system. if people don't want you to get rewarded, they can downvote you and take away the rewards that other allocated to you. It is highly abused imo (at least in my case and some other cases), and was originally supposed to fight abuse, but it's often used in abusive ways just to take rewards away from others because you don't like them, don't like their content, or think they don't deserve what they are being rewarded by others.

If you look at my posts, pretty sure it's once a day not two ;)

Posted Using LeoFinance Beta

It's too unfair this situation buddy. You make really good quality content, you deserve every reward token you get voted. There should be a way to control this downvote thing :(