How do you account for delegated SP and bots with this?
I don't think the huge drain on the rewards pool is coming 0.01 at a time from the people who engage in F4F and the 1% of people who control 93% of the SP probably wouldn't be very affected either.
The delegated SP doesn't really matter. With this system your 100% upvote, even being worth $100 would only give you a $5 self vote, but your voting power would go down substantially, taking longer for you to get back up to that 100%, $5 vote. After 3 self votes in a day, you would have only 55% voting power, which would take more than 2 days to regenerate to 100%.
Bots are a very different animal, and it would be difficult to implement this sort of restriction without a lot of work. Perhaps a vote for the same author multiple times in a short period could be seen as equivalent to self upvoting, and then the same or similar weighting rules could apply. This would affect a lot of users who vote for their friends often unless there is a way to distinguish between a bot account and a normal account.
Hi @dragosroua, I have expanded on this idea with a full proposal to update the voting model. I would love to know your thoughts and any shortfalls you may see in its implementations. It's a bit of long read, but hopefully doesn't have too many holes in it. It also covers the problem of delegated SP to gain upvotes via bots. It is here if you are interested:
How do you account for delegated SP and bots with this?
I don't think the huge drain on the rewards pool is coming 0.01 at a time from the people who engage in F4F and the 1% of people who control 93% of the SP probably wouldn't be very affected either.
The delegated SP doesn't really matter. With this system your 100% upvote, even being worth $100 would only give you a $5 self vote, but your voting power would go down substantially, taking longer for you to get back up to that 100%, $5 vote. After 3 self votes in a day, you would have only 55% voting power, which would take more than 2 days to regenerate to 100%.
Bots are a very different animal, and it would be difficult to implement this sort of restriction without a lot of work. Perhaps a vote for the same author multiple times in a short period could be seen as equivalent to self upvoting, and then the same or similar weighting rules could apply. This would affect a lot of users who vote for their friends often unless there is a way to distinguish between a bot account and a normal account.
Hi @dragosroua, I have expanded on this idea with a full proposal to update the voting model. I would love to know your thoughts and any shortfalls you may see in its implementations. It's a bit of long read, but hopefully doesn't have too many holes in it. It also covers the problem of delegated SP to gain upvotes via bots. It is here if you are interested:
https://steemit.com/steem/@bmj/proposed-hf-changes-to-bring-voting-back-in-line-with-its-intended-purpose-rewarding-quality
Thanks!!