RE: A Summary of @randowhale: Statistics for Dummies

[kennyskitchen]

The thing you're not calculating for is initial post value. As part of #payitforward, I've sent out close to 50 @randowhale votes to people, and the ones that already have a "potential payout" of say $100+ will get a boost of $10-30, while one that's valued at, say $5 is really never going to get more than $5, and usually much less.

It's best as a win-more in gaming terms.

Comments

[dek]

For the calculations above, I subtracted randowhale's upvote amount from what my post already had.

Yes, apparently the more cash a post has, the higher the income from each consecutive upvote. However, there are three things to consider.

• Minnows don't get a lot of cash on their posts, so randowhale can't help them much.
• A randowhale vote on a post with a reward of several hundred dollars is higher in absolute terms (10 bucks is not a bad tip, even if the payout is $300), but how many posts get high payout? Maybe one percent of everything posted?
• The new hard fork will (supposedly) remove this mechanism. An upvote will give the same amount, regardless of the already accrued income on the post.

[yoda1917]

A lot of people are buying upvotes atm. And more so during these down times. It is not a totally useless strategy, but should it be done right now when the SP is so low and the reward pools are so drained?

There is a huge discussion on this thread. Come and give your point of view :)

https://steemit.com/steemit/@yoda1917/randowhale-booster-worldclassplayer-users-just-halt-for-a-moment