As you probably know, the curation rewards of upvotes made within the first 30 minutes of a post are paid, in part, to the author of the post instead of the curator. The later you upvote a post within the first 30 minute timeframe, the higher your potential curation reward. The reason for this rule is to prevent curation bots to instantly upvote all posts from popular authors.
This 30-minute rule will be changed in the next hard fork, HF 20.
Steem development
Steem is an open source project and the development of the source code can be followed and seen on Github.
I've noticed two changes made by Steemit developer @vandeberg yesterday:
1. The curation reverse auction time will be changed from 30 minutes to 15 minutes.
According to most witnesses the 30 minute reverse auction time is too long and users are losing curation rewards without realizing the rule exists. This 30-minute time window will be reduced to 15 minutes. Here is the commit on Github: https://github.com/steemit/steem/commit/e45d5932a7ac76fd099219a3f8da6eedf240b3b5
2. The lost curation rewards from the reverse auction will no longer be given to the author, but go back into the rewards pool.
I think this change is a smart improvement, because it makes self voting less attractive. There is currently no penalty for voting on your own posts instantly, because the lost curation rewards get paid to you as the author of the post. After hardfork 20, when this change goes into effect, instantly voting on your own posts returns 25% of the vote value back into the rewards pool. Here is the commit on Github: https://github.com/steemit/steem/commit/d1fb4aebe6f0d141b87bcdddd9561abbe7b86d63
Both changes were proposed by the Steem witnesses. You can find a summary of some of the conversations regarding the proposal in this post on Github: https://github.com/steemit/steem/issues/1874.
#1 seems like a perfectly reasonable timeframe. I always thought 30 minutes was a little arbitrary and long so shortening that seems fine to me.
#2 seems odd to me. I've always said that I think self-voting is fine. If you're posting something that you believe has value, then you should be rewarded for creating that value. If you don't believe what you're posting has value, then you probably shouldn't even be posting in the first place. Attacking self-voting seems like curing a symptom as opposed to the root cause.
I'm not sure if an author is the best judge of whether their post adds value to the platform or not since I would suggest there is a certain amount of bias involved to some degree. Perhaps we should all just post whatever we like and manual curation can decide which posts add value and which don't.
If it doesn't add value, then why post?
Who decides if the post is valuable or not? Surely that is the job of those who view it as opposed to they who create it. I hardly look at the trending page any more because very, very few of the posts there add value for ME. It is totally subjective. I don't have an issue with anyone self voting their own created content even though I don't do it myself but I don't think we as individuals are in the best position to judge whether our posts add value to anyone elses life. I think we should leave that judgement up to them.
Agreed self-voting is opportunism...
Flagged for taking rewards on an announcement post. Shame on you.
Glad to see this update being made.
I'm not sure I understand the reason for this flag. Gathering information from other sources and informing the community about them is what many users spend their time doing daily. Would you flag kingscrown for gathering crypto announcements and making posts about them? Common users don't spend their time on GitHub digging into the development (or understand the code for that matter), or spend time on markets and exchanges searching for the latest crypto news, etc.
I appreciate you bernie, but I disagree with you on this one.
pablo had to actually go and find this information. if there is any test for whether something is an announcement (there's not) this isn't just announcement jumping
That's your opinion, and like you, I am able to use my SP as I see fit.
Not disagreeing with your use of SP. Disagreeing that he's taking rewards on an announcement post.
I agree with @personz. Anyone can search new information on the internet and after FINDING SOMETHING INTERESTING come here to publish it. This is what pablo did.
PD: the worth of the downvote is about - $72. At the time I write this comment the
net_rsharesshows that the post is valued at -$35... meaning that it needs several upvotes to recover a positive value.Cheers for the update mate.
Good news it seems.
Bots/authors can easily game this right? Instead of voting right away they just wait 15 min... for the same results!
Congrats. You're in the club! You haven't made it on the platform yet until you've caught a Bernie flag.
hahaha. nice ones
Nice badges!
I'm not sure if I should be proud now to be a member of the 'flagged by bernie' club ;-)
One of the least exclusive clubs in town!
@penguinpablo ! We should be proud :D Look at the bright side of the world :D
Nice @aggroed
Aw.....the unexpected joys of steemit! :-/
Oh funny badges ^^
@aggroed : really ? OMG ! I made it ! You turned my day so well :D (he flagged one of my comment ;-))
ummm, I just upvoted this and when it came back up, said "Post was hidden due to low ratings"? I thought Randowhale was retired, but it seems he jacked a giant DOWNVOTE on here! I smell a HACK
PS: Rule Change #1 will just re-shuffle the timing of things, but #2, returning the unclaimed to the rewards pool is a good one, IMO. Sounds like a good incremental change to me
When is the fork? Thanks for the updates!
There is no date set yet.
Interesting, this is good to know!
Very interesting news
are these the only changes the only ones? when is hf happening?
I have prevoiusly heard of people who don't vote on their posts until after 30 minutes and then go in and vote for them. So is that the new strategy - vote on your posts at 15 minutes? I think I could set myself up on a bot maybe.
I'm doing 4 posts a day and self-voting them I also post 30+ comments a day with maybe 5 self votes a week.
So it will matter to me how I change for this fork. When is the fork coming?
Why, oh why, steemit must you constantly break my brain?
All this change keeps us on our toes! It sure has made my brain flex and shift! Changing when you upvote your own post will only affect the curation reward that you get from that. I don't always upvote my own posts, but when I do, I do it at 5 or 6 days. That increases the curation reward for the people that voted for me early on. For me, the shorter time for curation rewards will just mean that I don't expect to get any curation rewards from my upvotes. I'm generally not looking at all the brand new posts, but ones that are even 6 days old. I can give a valuable upvote, but I don't expect to get curation rewards from it.
Ok - so this is what I was hearing about from someone else. Please let me wrap my brain around this. How do you get author rewards if you click upvote? Doesn't it have to be the checkbox? Or do you just vote like any other post? Is this cheating in any way? Faking people out that you don't vote and then voting?
I looked on the "hot" feed and see most people there self-voting.
I'm all for helping the people that vote for me and I highly can use and will use this sbd. All my wildest dreams have come true in the last week, and I really mean that. I'm in Bangkok where money goes far and I live like a pauper so it won't run out between all my various sources of cash.
Thanks to this bonanza, I will pay someone else to cut my hair for 6 usd, for one example. Normally I chop it off myself for free. We're living large over here, counting unhatched chickens, and definitely happy!
That's great that things are working out for you on Steemit, Sharon, for sure! You get author rewards whenever anyone upvotes you within the payout period (6.5 days). It can be you or anyone. The more Steem Power they have, the more they can potentially reward you, depending on the vote power they use. So anyone can vote for themselves.
There was a lot of discussion about people upvoting themselves. The big issue was that some whales weren't really writing anything of value and then just upvoting their own comments, even just a simple period or a number! They can do that 10 times a day at full power and get a good return.
But when any of us lesser Steemians upvotes ourselves, the consequences are small -- very, very small for minnows! You can upvote yourself automatically with the checkbox. But you can upvote yourself anytime within the 6.5-day payout period. If you do it automatically, you don't get any of the curation reward, because it all goes to the author that early -- but you are the author! If you vote for yourself 6 days later, then the curation rewards go up for everyone that voted for you earlier. It doesn't have any impact when you are a minnow, but as you can upvote yourself with more Steem Power, it does increase the curation rewards that go to people that upvoted you. It's not being sneaky. It's just rewarding your voters a little bit more, without any cost to you.
Hope that helps and isn't just more confusing. Enjoy your SBDs and Steem On! :D
Got it! Thank you for the explanation. I think for now, I will just leave my self-voting as is and not give myself more tasks.
I recently set up @steemdunk so that I automatically upvote certain people and now I only upvote good comments through the day. What a relief. No more checking my friends each day to see if they posted. My goal right now is more content daily! Thanks again for the good explanation. It is not easy here, but fun!
You are figuring things out, step by step, for sure! That @steemdunk looks like a good deal for minnows, especially. I'm using SteemAuto.com, myself. It also lets me schedule posts. I haven't used that part yet, but my goal right now is more content, too, and that should help. Good luck in posting every day! It's not easy being that consistent!
I've been doing good on the consistency and only hope I hold up. This price rise is a gift I have never seen in the many years of posting my message. Thanks for the tip on steemauto. Scheduling posts would really help me.
I had no idea on the breakdown of the curation, will be a nice change. Slow and steady, we are getting the kinks out of the platform. Still a long way to go, but seeing nice improvements on almost a weekly basis now
I appreciate this information. I wish I could counter the flag, but I cannot. I will upvote your comments instead.
Flags aren't just an attack on the rewards of the authors of flagged content, they are attacks on the VP of upvoters. Don't bother countering flags. Instead upvote comments or other posts by those flagged, so your VP isn't dissipated by the flags.
I see this change to curation rewards as essentially without merit. Bots are just programs, and can be programmed to work around any rule. The reverse auction just disadvantages actual people, who are inconvenienced. Bots don't tap their feet waiting to vote.
I am becoming discouraged that Steemit might overcome the financial manipulation that is causing user retention to remain dismal, and corrupt content creation by making it merely a vehicle for profiteering.
FFS, people, if you want to mine crypto, mine crypto! Don't corrupt social media by turning posts and comments - and curation - into nothing more than printing presses for cryptocurrency.
Thanks!
Thanks you very much !
Please know that I have refrained from answering to berniesanders but I do not think so. I love your article thanks for sharing! If I could vote for $100, I would!
#againstthedownvotingwhales
So you will get my upvote at minute 15 in the future, if the steemvoter works correctly.
Yeah... Steemvoter could be quite busy at 15 minutes on some users posts!
I gave you an upvote to help overcome the flag. Please keep posting. I want to be informed and hear all sides .
I am now following you. Also give a shout out to whatsup for posting your link on his blog post.
I hope everyone is having a great weekend!
@penguinpablo Appreciate the info and I believe that 25% going back to the pool for up voting yourself will definitely help the platform grow.
instead of this...curation reward must be increased.....this will circulate more money...more people will upvote posts (many users dont use their voting power) and it will be more beneficial to newbies , this will attract more people toward steemit...
Curation rewards are insignificant for minnows. Hell, rewards are insignificant for minnows. It would take orders of magnitude increase in curation rewards for them to become significant for minnows, and this would break the rewards pool, as whales rewards would simply consume it all.
OMG, I just made an infographic about the reward system of HF19!
I think I need to change it when comes the HF20.
What is my opinion about the changes?
Thanks for the info.
This hardfork is definitely going to improve the Steemit platform. Looking forward further improvements.
this is one info i didnt know about, was wondering why i never get curation rewards , thanks
Great Post, I took the chance to distribute this information to the French Community. I mentionned you in my post as I got the information here.
https://steemit.com/fr/@mcitron/changements-du-systeme-de-curation-avec-la-hardfork-20 if you want to take a look.
Thank you and Take care.
Your doing a good job man for posting this :) thnks man
amazing post
Please do not make spam comments and then upvote them. This is poor behavior on steemit. Read this and try to do better:
Make Money Blogging on Steemit Top Tips and Checklist for Better Results!!
Good post dear brother
Thank you for providing this very helpful information. I always try to display my original content. Good luck always for you @penguinpablo.
I support the decision to reduce the timeframe to 15 minutes.
30 minutes do look like too long especially with content creations increasing at an accelerated rate.
Thanks for the update on the new rules!
Great news all round. Thanks for the update.
Damn i have been losing rewards not knowing! even if my Steem Power is low hehehe
Good post
Wow very good post, thanks for news,
I wasn't on board with the initial proposal but these seem pretty good.
Nice :)
Good post
also, many of us want to get rid of that 15 min thing entirely...
Can @randowhale explain wy this post is down voted?
Today I have seen more posts that have being down voted. Is there something special going on today?
I really love all the drama about votes and rewards and whales, but I am clueless about what it all means. Is there a noob's guide to the history and major players in this debate?
why did this get flagged?
15 minutes makes no more sense than 30 minutes.
Good businesses know you never inconvenience your customer for your own internal process.
Natural use would give it about a minute or 2.