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RE: HF 21 - P2P Vote Selling IS Better than Bot Delegation!
The post (I believe) is inaccurate.
When a vote is bought, it now bids for the 50% of the payout instead of (the old) 75% of the payout.
Since the beginning of the bid-bots the following marketrule is stil true:
input = output
1usd goes in -> 1usd comes out (the ratio is just different)
So not only does the buyer receives the same as before, the bot does (and thus the delegators should) also receive the same as before!
Since MB is not a bid bot, instead of the market regulating price via demand and supply, we employ some fancy math to make everything work.
In our case, we give a few percent profit, so more than 1usd comes out.
And with curation, actually way more comes out. What we calculate is basically how much goes to the buyer? So with 50% curation, if you pay 1 SBD we need to vote you for 2 STU so you get 1 SBD back (simplified).
This post mostly talkes about the changes as a seller but for the buyer not much will change. Buyers need to be aware that the flag pool allows for new mechanics in the game :)
Does that answer your question?
Sorry, didn't want to generalise MB to the rest!
Yes, I know that, but it was +/- the same!
Same applies for the bot. The vote worth 2usd has 1usd curation reward and the buyer pays the other +/- 1usd!
This is gona have an impact for sure (but isn't included in our reasoning above).
Yes, this is how it has always worked and will continue to work. Just the percentage changes.
Oké, so if we can agree to that!...
Then this isn't true:
Unless the higher curationreward the MB-bot is gona recieve arn't going to the delegators!?
That is why we recommend that you do P2P vote selling. Curation rewards for P2P go to the voter, the delegation bot is just a helper and will make less profit.
Mmm, to bad.
I really hoped MB would nutralised the HF change in the math used.
So things wouldn't change for buyer/delegator/MB.
After HF21:
Buyer = gets the same
Delegator = gets less
MB = gets more
Doesn't sound right/fair does it?
Btw. I don't want to use the P2P system be cuase it doenst use all the Voting Power available. Thus wasting VP / ROI / chance to auto-upvote awesome content...
We are currently evaluating ways to make delegation worthwhile again, but we don't plan to do the whole powerdown into payout thing, as it complicates and drags out payments a lot.
If P2P does not use all the voting power you allow it to, then that is a bug and you can tell us so we will investigate. If you set it to keep your VP at say 90% then it will do that +- 2% or so. And if not, come to us and we investigate/fix.
Update: we decided to not take our 15% share if we receive the curation rewards. That way delegators get the consistent payments and we average out on the long term curation rewards, which would fluctuate more and are a bigger risk.
With that in mind, delegating to @minnowbooster should with HF21 be very profitable :)
Thanks for the update!
Hi @reggaemuffin do the fancy maths now also take in account the non linearity of the payout before 20 Steem?
Posted using Partiko Android
No, we intentionally left this to the buyer. We don't know what happens before/after our vote so we don't want to incentivise votes on empty content that then get fluffed by a second bot.
We treat it as a linear curve and if you are at the bottom of the curve then our vote will be less valuable. But once it reaches the top that vote will pay out as intended.
Ok i like that, so the people will use it less on posts that no one else voted before, so people have higher chance to become curation reward and it is used less on shit posts.
Posted using Partiko Android
Exactly, that was one of the things we wanted to incentivise :)
I think we at least need a disclaimer though, saying the stated amount isn't guaranteed unless the post if above the threshold.
However if you sell votes with us, your account essentially becomes its own bot and you earn from the curation in addition to the fee the customer paid for your vote.