Hi @skykochica, I've noticed that you cannot vote after the 6th day follow the day of the post when payout is due in the next 24 hours. Why is this to allow the algorithm to calculate the final payout prior to paying out or isit for some other reason?
You are viewing a single comment's thread from:
I believe that posts prevent upvotes during the final 12 hours before payout. However, it can receive flags/downvotes over this period. The reasoning is to give a change to correct things by people 'gaming the system' by giving big upvotes right before a payout, which once it does, nothing could be done.
An example of this would be a whale making and upvoting 100 comments at $25 each right before the payout...draining the reward pool. Basically it's a safety new period to deal with 'exploitation' votes.
Hi @skyochica, thanks for your reply. I guess the pool can be gamed by voting on the 6th day before the shut out period but since there is a period in which the post can be downvoted/flagged this will "limit" this activity.
With the community being so big there is a huge number of votes and comment being processed everyday. Who or what watches for these activities or does it rely on the individual's behavior in the community?
The concern is really more around larger Steem Power holders doing stuff like this. Giving some pennies isn't so much worth the time to monitor.
While there really isn't a formal group to monitor this...typically the bigger SP holders watch each other. Having a lower number of whales makes it a little less daunting task.
The success of Steemit basically relies on the integrity of its users and backed by Trust. No integrity and no trust then the platform will collapse.
Ehh...yes and no. The original foundation of the site was within anarcho-capitalism. So there is a core value of letting people do what they want.
However, because we can't always expect integrity and trust from everybody, people police eachother. While someone may get away with something here and there...large and/or widespread 'gaming the system' get noticed and dealt with by the userbase itself.
I would put it more that if the platforms userbase doesn't monitor itself, it could collapse. Around here...one's reputation really is a biiig deal.
Thanks @skyochica.
Anytime :)