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RE: Change Curation Reward System On Steem Blockchain / DISCUSSION

in Steeming Community4 years ago

Hi thanks for joining the discussion!

To explain it as easy as possible: Curation atm works like this

If you vote before the 5-minute mark that a post is posted, a share of your vote goes back to the pool. As penalty so to speak.. If you vote before all big votes come in, you get a bigger share of the 50% that goes to the curators. (minus the amount that goes back to the pool as penalty for -5 minute voters.)
IF you vote after the bigger votes, a share of your vote goes to the people that voted before you. That is why you earn less if you vote on posts that already have a big payout, or if you vote a few seconds to late.) It is more of a game than an actual investable venture.

If you vote before all the big votes come in, you get a bigger share of the pie, based on your own vote of course. Thats why you sometimes earn more.

What we like to change is this actual model that causes people to autovote on people they know are going to get high votes, and everyone is competing to be first. If all people were chasing the ROI, we would even have less users.

What we like to achieve is a more fair distribution of the votes

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Thank you, now it's clear ) couldn't find this in FAQ.
You explained so well, may be you even should add these few sentences explanation to a FAQ section? (of course, if early birds system will remain).

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