.. and this means that the downvoter will gain a boost on their own posts as a result of the downvoting.
And I will also add, that for someone to actually benefit significantly from the downvoting they do, they would need to not only be downvoting with 4x BT-sized stake, they would also have to have open posts that are very heavily voted for them to be impacted from the return to the pool.
For example, if BT ,used his stake as I suggested above and had 10 open posts a day that he voted 100% and they sit at $360 each. After all of the downvoting, he would get a 4-8% benefit on them, meaning that they would move from 360 to a *whopping 374-388. Not only this, he would also have to have those 10 posts a day (70 posts a week) not downvoted until payout.
If you really think people downvote to earn more on their posts, you are lacking so much information on how this platform works and should rethink how you talk about it. If you don't think this, you are then purposefully misrepresenting in order to influence your readers - either way -
it is not a good look.
A 4% daily guaranteed gain is a hell of a lot more than many investments offer. All that is required is to farm out enough content creation channels anonymously that you have your full quota of upvotes pointed to your own sockpuppet accounts (worth doing if you have a lot of HP).. Then you just make sure you downvote others to the max. If you happen to have a particular political ideology then all the better, you get to shut down topics at the same time.
This is very simple and an accurate assessment of the potentiality here. Big downvoters are big upvoters.
You seem to have issues understanding the math here.
So, using BT as the example, he would have to downvote with 24M HIVE power to remove 4% - but it would also have to be on posts that have 24M worth of upvotes. AND, he would have to have 10 open posts a day that he upvotes 100% himself AND don't get downvoted by anyone else. He doesn't - he has zero open posts and, he doesn't downvote to full capacity with 24M Hive either - he doesn't have 24M staked afaik.
So, if he did all of this and had 1 post open he voted at 360 dollars, he would gain about 50 cents on it, after downvoting 17.5 times in the week with 24M Hive Power. Totally worth it!
You are a nut if you think 24M worth of stake would go through all of this trouble and risk for 4% gain on the vote, when they can just vote whatever content for 50%.
lols. Senseless statement.......
you really should think through what you know about this chain and recalibrate what you say on it.
The 4% figure is the average I have seen for the amount that the total value of downvotes equates to as part of the available reward pool. So in other words, if all downvotes that are cast are actually removing stake (which is ultimately their purpose) then 4% of the total reward pool is returned to the pool as a result of downvotes globally.
If one individual account, such as BT in your example, does NOT downvote at all, then they will still benefit from the overall amount returned to the reward pool via downvoting on whatever posts they upvote - this is by design of the blockchain. If they DO downvote then they increase the overall percentage returned and they benefit from that too.
So in order for my point to generate worthwhile returns, all that is needed is for the downvoting account to farm out content that gets upvoted a lot and for them to expend all their downvotes. If you look at the downvote tracker you will see that the vast majority of all downvote value comes from a very small number of accounts, with roughly the top 15 most heavily downvoting accounts resulting in about 70% of ALL downvotes. Therefore, these 15 large accounts have the ability to add on a few percent to the total amount removed via downvoting ever day.
For reference, when @kennyskitchen started downvoting hbd stabilizer recently using his big account, the percent of the reward pool being returned almost doubled straight away. Just one account had that ability. If my maths are wrong, you are welcome to show why - based on the numbers provided.
I have demonstrated how large accounts can create quite big shifts in the rewards here already. The effort involved to make this work is minimal and the amounts to be gained are sufficient that with take above a certain point it becomes worthwhile. It is doubly so if you have a political agenda. You can call me a nut if you like, I am just applying logic to the system.
Now I am just skimming.
I know enough about the design - you should start learning a bit too.
But, it gets spread to every post on the platform. How do you not understand this?? double, triple, go 10x - makes very little difference for any individual downvoter's posts.
You should look around for a shovel, you keep digging yourself in deeper.
You aren't going to achieve anything here by resorting to self aggrandisement and skimming the details.
I have spelled out several times that I am already aware of this, you would know if you were actually paying attention.
lol - I am paying enough attention. You should take a step back and review.
You seem to think the largest accounts on the platform are going to go after scraps of percentages using a complex network of alts, risking downvotes and getting unvoted as witnesses - it is nonsensical.
The history of Steem/Hive is replete with examples of large holders doing everything conceivable to set up sockpuppet accounts and circle jerks in order to maximise their returns and mitigate losses - this is actually part of why we even have downvotes at all. This isn't theoretical, it's a well understood part of the blockchain experience here. I agree that plenty of users won't bother to use up all their downvotes in order to maximise their returns, but that does not mean that some don't and that they won't cause problems when they do it. The more HP an account has, the more worthwhile it becomes to use this approach. If the account has a specific goal of ideological suppression of ideas then they may even have a budget from 'somewhere' to downvote regardless of whether it makes money or not.. So any potential gain will be an obvious boost to the operation for them.
Big accounts obviously upvoting their own posts under anonymous accounts has mostly stopped (although I saw it happening again a few days ago from someone I won't name here who got massive downvoting in response to counter it). This is probably partially because they know full well that they get much better results from spreading their stake and posts over a larger number of smaller accounts. This is also a known strategy to minimise the risk from hackers when people hold high amounts of HP (sharding the HP increases security). You are essentially asking me to accept that the optimisation of what we have seen constantly since the start of Steem is nonsensical, when simple logic and experience says it is not in all cases, by any means nonsensical.
Lol - I am one of the ones that called them out publicly in posts and also pushed for the downvotes, which is why that kind of behavior doesn't exist here now. Also why Bidbots aren't a thing anymore too. But you know--- keep telling me about the history.
You keep talking about "ideological suppression" but this is nonsense. People aren't downvoting you for your beliefs, other than all of the things you say that are incorrect. They are downvoting because they don't think it should be rewarded, especially since, like Kenny's posts, hardly anyone is reading or commenting on them with highly rewarded posts having single-digit comments consistently.
You can say what you want here, but that doesn't mean people with stake and who are invested in the platform, have to pay you for it.
This is bullshit. Have a look at the voting behavior of those largest downvoters. @azircon for example. You think they are all his alts?
You can keep saying "simple logic" all you want, but you aren't practicing it.
Taraz I appreciate the amount of time you spend on this post.
I also appreciate everyone who spend recently countless minutes-hours educating ura-soul and Kenny. Trouble is it’s in vain. The last time anyone tried to bribe a witness ended up being KC. That is the fate with these guys.
Their greed makes me sad.
I said to this guy that it is always about the money. It is never about logic, hive, Covid or anything they talk about. They don’t have any other sources of earning. They just want to siphon off money.
People will see it. They want to make drama after drama.
Again thank you, Taraz. I know how much you care for the chain. This is real community service you are doing. Many thanks!