The flaw in this math is that an account can't take 100% of the pool unless nobody else votes, only the percentage of the whole represented by its rshares.
So, the whale doesnt take 100%, but 99% is not impossible.
The top 10 voters routinely take 30%. https://steemit.com/steemit/@statsmonkey/biggest-upvoters-3132018---part-i
That's certainly enlightening, but there's got to be a simpler explanation somewhere. I think it's unreasonable to expect 100% available SP to be used for upvoting, but I get the point. There is a lot left unused, and it's heavy at the top, SP that could go to grow the platform and pass rewards to more people.
If only one vote is cast, it gives the entire pool.
If three votes are cast, 1 10mv, 1 1000mv, and 1 1000000mv, they split the pool according to their stake.
The million sp vote gives 100k times the amount the 10mv vote gives.
Now, pull the whale vote and tell me if you like that distribution of the pool better?
When large accounts vote the little accounts get pushed off the long tail.
For every 300stu post on trending 3000 minnows got nothing.
When whales vote they dont just give, they also take away.
The pool is a commons.
Calling for them to vote more is counter productive, if you want to help the minnows.
It helps their select few at the expense of everybody else.
I didn't get it, either.
Until it was explained to me.
If you want more rewards less whale voting is the ticket.
Bid bots are bad for everybody except its owner, and even them if they crash the coin.
They know the math, but prioritize profits now over long term success.
I have noticed that I've gotten fewer rewards on posts where large accounts voted heavily. And I know there are some who weight their votes based on the ROI they hope to receive. I don't have the patience for that. And I've never asked a whale to vote. I don't see the point in chasing whales. So you got their attention. Big deal. Now what?
My plan is just to focus on creating awesome content and let rewards take care of themselves. I don't seem to be doing badly with that plan.
He has a point, to a point. Unstaked steem and non-voting sp do not split the reward pool.
What is less clear is what people would be doing with their SP if not delegating it to bidbots. If they rented delegation through dlease or self voted, the reward pool math would not change. But if they traded it on exchanges or otherwise kept it liquid or didn't vote with it, everyone elses vote would distribute more.
Right. It matters what is done with the resources sans the tools used to "game the system." If they use alternative means to game the system to the same level and weight, nothing changes. That's the big what-if. And it's a big what-if, because if bidbots did not exist, the same people who are using them now would find another way to game the system. People don't change just because their tools do.
That's certainly enlightening, but there's got to be a simpler explanation somewhere. I think it's unreasonable to expect 100% available SP to be used for upvoting, but I get the point. There is a lot left unused, and it's heavy at the top, SP that could go to grow the platform and pass rewards to more people.
Yep.
https://steemit.com/utopian-io/@paulag/the-impact-of-unused-steempower-on-the-rewards-pool-blockchain-business-intelligence
The flaw in this math is that an account can't take 100% of the pool unless nobody else votes, only the percentage of the whole represented by its rshares.
So, the whale doesnt take 100%, but 99% is not impossible.
The top 10 voters routinely take 30%.
https://steemit.com/steemit/@statsmonkey/biggest-upvoters-3132018---part-i
That's certainly enlightening, but there's got to be a simpler explanation somewhere. I think it's unreasonable to expect 100% available SP to be used for upvoting, but I get the point. There is a lot left unused, and it's heavy at the top, SP that could go to grow the platform and pass rewards to more people.
If only one vote is cast, it gives the entire pool.
If three votes are cast, 1 10mv, 1 1000mv, and 1 1000000mv, they split the pool according to their stake.
The million sp vote gives 100k times the amount the 10mv vote gives.
Now, pull the whale vote and tell me if you like that distribution of the pool better?
When large accounts vote the little accounts get pushed off the long tail.
For every 300stu post on trending 3000 minnows got nothing.
When whales vote they dont just give, they also take away.
The pool is a commons.
Calling for them to vote more is counter productive, if you want to help the minnows.
It helps their select few at the expense of everybody else.
I didn't get it, either.
Until it was explained to me.
If you want more rewards less whale voting is the ticket.
Bid bots are bad for everybody except its owner, and even them if they crash the coin.
They know the math, but prioritize profits now over long term success.
I have noticed that I've gotten fewer rewards on posts where large accounts voted heavily. And I know there are some who weight their votes based on the ROI they hope to receive. I don't have the patience for that. And I've never asked a whale to vote. I don't see the point in chasing whales. So you got their attention. Big deal. Now what?
My plan is just to focus on creating awesome content and let rewards take care of themselves. I don't seem to be doing badly with that plan.
Steem on, it's about all we can do, atp.
He has a point, to a point. Unstaked steem and non-voting sp do not split the reward pool.
What is less clear is what people would be doing with their SP if not delegating it to bidbots. If they rented delegation through dlease or self voted, the reward pool math would not change. But if they traded it on exchanges or otherwise kept it liquid or didn't vote with it, everyone elses vote would distribute more.
See my comment.
https://steemit.com/steemit/@blockurator/re-freebornangel-re-blockurator-steembot-experiment-part-2-i-miscalculated-20190415t103838083z#@freebornangel/re-blockurator-re-freebornangel-re-blockurator-steembot-experiment-part-2-i-miscalculated-20190415t151614219z
Right. It matters what is done with the resources sans the tools used to "game the system." If they use alternative means to game the system to the same level and weight, nothing changes. That's the big what-if. And it's a big what-if, because if bidbots did not exist, the same people who are using them now would find another way to game the system. People don't change just because their tools do.
That's certainly enlightening, but there's got to be a simpler explanation somewhere. I think it's unreasonable to expect 100% available SP to be used for upvoting, but I get the point. There is a lot left unused, and it's heavy at the top, SP that could go to grow the platform and pass rewards to more people.