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RE: My Newsteem Economic Philosophy Freewrite

in #newsteem5 years ago

That's a good question about the actual distribution. I can say anecdotally, there are more eyeballs out there hunting for new content because of the financial incentive to do so. Seems like a data scientist would be able to measure reward flows over time. For example, the percentage of the pool that flows to certain rep or SP level users over a period of time, versus the flow of rewards being exchanged between high rep orcas and whales. Speaking for myself, I want to see less people with large wallets off in the corner exchanging votes, and more rewards going to smaller users. Unfortunately many of these people are so set in their ways, they cannot be reasoned with, so the only option is to send their rewards back to the pool through downvoting. This is of course controversial, as you can see from the downvoting of this particular post (all retaliation). Everything is of course on the blockchain, and you can see for yourself who out there is really trying to support the community versus enrich themselves. Steemworld and Steamocean both have tools to evaluate voting patterns.

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Thank you for investing your time in this response @joshman. On this …

”Speaking for myself, I want to see less people with large wallets off in the corner exchanging votes, and more rewards going to smaller users.”

… we are in agreement. But …

” I can say anecdotally, there are more eyeballs out there hunting for new content because of the financial incentive to do so.”

… not sure I can agree with this, as in the “circles” in which I have always engaged the rewards seem to have dropped. In some “circles,” of course, this does not appear to be the case. Although, it leads to an impression the word “circles” has now taken on a different meaning …

It would sure be nice if there were a simple method, for anyone interested, to obtain global (blockchain wide …) “hard facts,” about the reward pool distribution. Then we would no longer just be speculating … I know @steemchiller is working on a “data mining” feature in SteemWorld. It will be very nice to see what that will be capable of providing, once available.

#sbi-skip

I didn't say there was enough eyeballs, I just meant there were more than before.

Some of those eyeballs are former bid bots and have serious steem power behind them. I have voted several posts from small blogs who later got a 'lottery vote' from one of these accounts. I am hoping that trend continues.