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RE: HF20: Change Your Autovotes Now As New Posts Will Be Paid Using HF20 Rules
@crokkon - What is the meaning of this phrase? "reverse auction timeframe"
I have 20 people I upvote through steemdunk. I have them all set at 27 minutes. Think I should change them to 16 minutes now, correct?
I self vote and just set myself up for 16 minutes. I previously was manually voting right after I created the post. So I think I am better off to put myself on the autovoter now that I read your answers here.
Hi @fitinfun, the first 30 minutes (HF19) or 15 minutes (HF20) after a post or comment is created are called the reverse auction time. During this time, the curation share of a vote going to the voters increases linearly from 0% to 100%.
When you voted within this time in HF19, a part of the curation share of your vote was given to the author. Therefore, a self-vote at post creation time in HF19 gave the author 100% of the vote value as author rewards. Now with HF20, this curation share remains in the reward pool instead of going to the author.
For the auto-votes, dividing the old voting time by two is a good starting point. For self-votes at post creation time you would get 75% or your vote as author rewards but no curation rewards. By self-voting at a later time, you also have a chance for curation rewards. The timing depends on all other voters, though.
Thank you so much for the answer. With my tiny votes, I'm not sure how much this matters, but I want the author or me to get the curation reward. Why vote and have it go back into the pool? That makes no sense. More mysteries of steemit!