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RE: Revamping Curation Is The Way To Increase Steem Power Demand

in #steemit8 years ago

I think no particular talent is needed for "covering the board" (taken from the roulette idea of filling the table with chips - but the rewarding structure here is different so my 80 cents of daily upvote value end up getting far more): https://steemit.com/curation/@alexgr/curation-strategy-covering-the-board

Try it for a day or something... use one of your regular votes, split it in 100 parts of 1%, and just upvote anything that seems upvote worthy with anything <1$ worth of upvotes before you click it (preferably <0.1$). This should work better for whales than me, because they are followed by bots.

Now, by the very fact that other whales have to vote something, you'll end up front-running them. This 1 vote split by 100 might actually give you more in curation rewards than several of your full votes. You can try variations as well, like 2-3 regular votes instead of 1 - for 200-300 votes. Or more % per vote... You can be creative if you want to try this out.

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I think no particular talent is needed for "covering the board"

Sure but if it works, it is easily copied. If only the first to do it makes money then competition will drive these votes to 1 second (really 3 seconds) where they make nothing.

You perhaps found a profitable strategy which is great. That doesn't make it sustainable or scaleable to more participants.

Also, there is supposed to be a natural rate of return for even stupid voting (so not voting at all is slightly punished as non-participation). That is somewhat inflated now due to early-adopter distribution dynamics (that is, the reward pool is a fixed amount of STEEM per day but STEEM/SP inflation makes that worth less each day). Thus the rate of return on any fixed strategy will drop (I'm told by currently about 300% per year but I haven't checked that myself) until the floor on rewards is reached (year 2? again not sure on the numbers)

Sure but if it works, it is easily copied.

In theory yes. But some people think they know best (pride) or are bored to check what others are doing. I mean we should already be seeing analyses of users who get top curation returns (in something like a % relative to their SP) but we don't.

That doesn't make it sustainable or scaleable to more participants.

Indeed. The major issue of such a strategy would be vote overlaps due to too few decent + undervalued posts. But there is also the possibility of a posting boom, where we have a sharp increase in userbase and posts - and this coupled with a 5 vote limit (even as 500x 1%) would be unable to cover the board. Even multiples whales would be unable to cover it.

As for the SP rate, I've seen similar numbers with what you mention. We need some kind of visualization tool so that we can simply check past, running and future inflation rates, make calculations on SP inflation or Steem dilution from date A to date B, etc.

Perhaps a few small bounties would go a long way for getting tools like these...