Thank you for writing this way - it's easy to understand!
I've resteemed it in the hope that many others may allow themselves to be open - minded and read on what you wrote and perhaps it would clarify things out for the many of us because the many obviously don't understand why the dern flag is there.
This birthed more questions ha ha!
The reward pool is limited. It fills up with a fixed rate (the inflation) and the STEEM which can be paid out depend on that rate. So if someone gets a high reward, there is less left for everyone else.
Is it almost empty atm so the flag has become a necessity or it's purelybecause of the abuse and the purpose of rewarding great contents more?
We need to engage more people, we need more and better content, and the way to do this is by rewarding them for their efforts!
ditto on that! however, are we trying to be appealing to the masses who are mostly not cambridge/ivy league literate or the later?(this is not an insult am just stating what I think is an obvious fact when we refer to the masses) if we are trying to encourage the masses to join us- would it really make the value of steem rise? if it is the othey way around would it also give the same effect or we don't really know? After 3 years, I thought the value of Steem is somehow dependent on btc.
Nobody takes away something from your wallet, and nobody wants to. As long as it's not paid out, it's not yours. Consensus between humans needs time and we have 7 days to determine together which content is able to make the platform grow. Just because someone decided to give you a vote after 5 minutes, that doesn't mean you earned that.
The last part is a possible vaccine, we do tend to think that we've already earned it the moment the upvote get casted on our posts not realizing that it ain't 7 days yet and it may still change till the last 12 hours - that's one hmmmm.. moment for me! Thanks!
I still am not a fan of the flag but I do understand that there's a cancer that needs to be cured in the system, after several posts have exposed many names - am no longer surprised of the need for it to be implemented, I just wish the ones who decided on flags would not stop to it and think of a better and more amicable way of balancing the rewards and getting every great content producers get to trending plus How do we know that the circle jerks would not just switch to upvoting the trending knowing that they would earn curation rewards on that specially if the trending posts has much or am I seeing this shortsightedly again?
I also want to ask this - say, a certain newbie does create great content, value packed yada, yada, meets all the criteria that author gets support and finally keeps trending - how big is that author allowed to be till the support stops or should it actually continue specially if they continue making considerably great posts? If we think we're going to bigger in the future but we'll only be supporting a certain group of unique authors would we not become unsustainable in the end? Those recipients would eventually grow, too and how do we ensure that if a new set of unique newbie authors exist - we'd still be able to serve this very purpose? How big is big? I thought dolphinhood is already satisfying enough but I've watched the many bulked up to orca and minnows seem to multiply and shit posts continued to grow as I saw so many loo pics get passed on.
Am going out after this so if you reply forgive me if I get to see it on my next visit! TC and enjoy autumn!
It can't run empty. What comes in goes out, if someone gets more others get less.
All of them - the masses would profit from having a source for ivy league content so to say, but they wouldn't (and shouldn't) make a living with shitposting.
How the value plays out depends on a lot of factors, and I can't honestly forsee that. We have more chances for it to rise if people don't think this platform rewards people for having something in their wallet I assume.
Not everyone can get high rewards by upvoting trending. As soon as something is on trending, the curation rewards are bad, as the high rewards go to those who voted on it first. Trying to predict what might become trending is part of the concept, but if everyone jumps on the same authors that becomes highly competitive. It's better for your own rewards to vote on something small that becomes big later, than something that is already big. That also kind of answers your next question, there is no hard limit to adding support, but for yourself it's always better to find the next trending post instead of piling onto one that's already there.
Thanks! I have a few new questions not related to this reply though - just a few thoughts I had earlier.
If a post gets flagged and a certain amount was removed from that post's rewards - does it mean that the person who used the flag on that post somehow gets to decide who the reward goes to? It kind'a make me think that it looks like that. If it has that effect how are we sure that the amount of reward taken out of a flagged post considerably reasonable enough to cast on that post?
Does any huge account holder who'd cast a flag on a post get to earn from downvoting? If so, would that not be considered abused, too, specially if they're capable of giving that as an upvote to more deserving unique post that could possibly get to trending specially if they happen to have casted it with a perfect timing? Wouldn't they be earning much specially if they flag a post heavily?(I have a hunch am seeing this last one wrong.)
Lastly, just how big a group is this circle that it seems to be causing much damage to the point that their actions have summoned the flag back? A lot?
EDIT : I took another peek at the trending and bumped into a mention of community - I've heard this a long time ago, afaik it's not new, how do we know this won't birth to another form of circle jerking? If it would be alright - then what's the point of what's being done now?
Hi @englishtchrivy
I really appreciate you asking all the questions
It will also make me try to understand this when @pharesim answers you
No. It's returned to the pool and distributed to everyone else based on the votes they received. All upvotes count a little bit more.
Huge. Everyone got used to the system being broken, and it will take a long time to change the culture, if it's possible at all.
Can't predict how communities will work out, we will see.