STEEM & TRON - Steemit Crypto Academy Season 5 - Homework Post for Task 2.
Homework Post for Task 2
(3) Difference between isolated judgment & Community judgment in Curation? What is the general voting window in Steem Blockchain? Please vote a post that is older than 7 days and tell us your experience, does it consume your VP, does it produce any monetary value? What is the difference between 50% SBD/50% SP payout and 100% power up? Suppose your VP is 90%, if you upvote with 100% voting weight, what will be the VP after voting? (Note-Before voting a post check the VP status in Steemworld.org, take a screenshot, and take another screenshot after voting)? As you are earning TRX rewards on a 1SP:1 TRX ratio, how would you like to utilize your TRX rewards to further optimize your earning potential?
Hello Steemit.
Difference between isolated judgment & Community judgment in Curation?
I would like to introduce the concept of curation before addressing the questions before me because the word Curation would be coming up often in this content.
Curation, as it relates to steemit blockchain, is reading a content, appraising the content, and alerting the relevant authority of anomalies such as plagiarism, content spamming, and Pornographic content (if any); upvoting or downvoting the content, and eventually resteemng the content if you find it useful to your followers. This in turn encourages community networking and content discovery.
Content discovery, on the other hand, is the visibility of content owing to consensual and/or stake weighted (High Sp) voting because of the value attributed to the content. This allows for only high-quality content to be displayed on the Trending Page.
| Community Judgment | Isolated Judgment |
|---|---|
| Community Judgment entails consensual curation by both high Sp holders and non-high sp holders | There is no consensual curation |
| Community Judgment attract high curation rewards | Isolated Judgment does not attract high curation rewards |
| Attracts curation from Sp holders | Does not attract curation from high Sp holders |
| Community curated contents are prone to content discovery (Trending Page) | Isolated curated contents are not prone to content discovery |
| Community judgment put contents on the linear zone | Isolated curated contents relegate contents to the sub-linear zone |
| Community Judgment underlines the reward system of steemit blockchain – Proof of Brain | Isolated Judgment is not representative of the Proof of Brain |
What is the general voting window in Steem Blockchain?
STEEMIT GENERAL VOTING WINDOW
The steemit General Voting Window runs for 7 days. When a steem user publishes a post, the post lasts for 7 days before expiration – i.e the rewards of the post are evenly distributed (50% Author/50% curator) on day-7 of the post and can no longer receive additional upvote or downvote.
However, some intricacies should not be overlooked by a steem user when trying to understand the Steemit General Window.
Firstly, it is important to note that there are slight variations in the reward a curator receives from upvoting a post within the first five minutes of the post irrespective of resources like voting weight and voting power expended on the post.
Theoretically, on the scale of 0.1 – 0.9 Sec, curator reward is zero because 100% of the supposed earned reward is discounted back to the reward pool.At 1 min, a curator receives 20% of the supposed 100% reward because 80% goes back to the reward pool. At 2mins, a curator reward is 40% while 60% goes back to the reward pool. At 3-mins, a curator is rewarded with 60% of the supposed 100% rewards, while 40% goes back to the reward pool. At 4mins,59sec, curator reward is 80% while a discount of 20% goes back to the reward pool.
It is only from 5mins through to 6 days,12hrs of the post that curators are entitled to the 100% curation rewards. The reward remains 100% at the above time range before declining from 100% to 75% with 25% being discounted back to the reward pool at 6days,15hrs. And so it continues to reduce by 25% after every 3hrs until curation hits 0% with 100% discount to the reward pool at day 7.
Note: From 0sec to 4mins,59secs, discount reduces by 20% while discount increases by 25% from 6days,12hrs – 7days.
For clarity's sake, I think it wise to point out that the 100% curation rewards continuously addressed in this content do not encroach into the author’s rewards.
Post = 50% curator rewards/ 50% Author rewards
50% Curator rewards = 100% curator rewards discussed in the above content.
Author reward is simplified into SBD + Steem + Sp, or SBD + steem, or SBD + Sp (depending on Steem/SBD ratio) at the time. Also, with the integration of steem & Tron, steem users are accorded Trx (Tron’s native token) at the ratio of 1sp:1Trx.
Suppose your VP is 90%, if you upvote with 100% voting weight, what will be the VP after voting? (Note-Before voting a post check the VP status in Steemworld.org, take a screenshot, and take another screenshot after voting)?
At 90.01 Vp, I voted a content that is about 4 days old with 100% voting weight as shown in the diagram above: the result is the reduction of my Vp from 90.01% to 88.23% - about a 2% difference.
What is the difference between 50% SBD/50% SP payout and 100% power up?
Author
50% SBD/50% SP is the default but alterable reward an author receives for publishing a content. This means that 50% of the author's total reward is paid out in SBD, while the other 50% goes to one's stakings (steem power - steem that is powered up). Though this is the default reward for an author, it can be set to 100% power up.
Also, when an author sets their rewards as 100% power-up, they are entitled to receive Trx at the ratio of 1%SP: 1%Trx.
Curator
100% power-up is the default and fixed reward a curator receives for curating a content. This entails that a curator always receives the totality (100%) of their rewards in steem power.
Please vote a post that is older than 7 days and tell us your experience, does it consume your VP, does it produce any monetary value?
I voted the content above with voting power and voting weight, both at 100%, I noticed that neither the voting power depleted nor the content reflect any change in monetary value. As we can see, the upvote button on the diagram (To the right) is not brightly colored green as it would be for a post that was successfully upvoted. This shows that at 7 days and beyond, a content is locked to curation, and thus cannot have any impact on voting power.
As you are earning TRX rewards on a 1SP:1 TRX ratio, how would you like to utilize your TRX rewards to further optimize your earning potential?
- Firstly, to optimize Trx, one has to power up content to 100% to be able to get as much Trx as they do Sp
Trx can be traded on major exchanges like Binance, Kucoin, and Poloniex (offers a 25% discount on Trx as trading
fee).
Trx earned can be swapped for other coins at sunswap.
Trx can be used for liquidity pool mining and stable coin mining on Sun.io.
Trx can be staked in Justlend to earn rewards.
One can freeze earned Trx on Tronlink wallet which will in turn give you the energy and bandwidth needed to vote super representatives and also earn from giveaways by these representatives.
Trx is used as gas fees on Tron Dapps.
Bandwidth and energy gained by freezing Trx reduces gas fees that would otherwise be deducted from one’s asset
Trx gives a steemit user access to Tron Dapps: this cuts across Defi, Gambling, Games, and Exchanges.Last but not least, Tron partnership with big corporations like Obike (the most prominent bike-sharing company in Singapore), Bitmain (Designer of ASIC chips), and Zag-S&W (a leading international law firm) may yet prove to widen the window of opportunity for Trx holders.
Steemit's mode of curation is quite simple and objective as it attains to reward only original and quality content, while discouraging inappropriate and less quality contents.
The awareness on steemit's voting window by steem users enable them to optimize their rewards and avoid losses and unnecessary input. Worthy of mention, also, is that the integration of steem and Tron continues to be beneficial to steem users. Trx (Tron native token) and Tronlink wallet provides the passage for steem users to tap into the vast possibilities existent on Tron ecosystem.
Thank you for reading
Courtesy: Prof @sapwood