RE: Steem Curator Reward System
No worries I was absolutely confused when I tried to understand it as well. I believe that there is an algorithm which determines curator rewards. The entire piece of the 25% pie is split based on the percentages in which the curator's upvote lies in each time bracket. So that means if the curator reward totals up to $10 then that piece of the pie is split amongst each individual who upvoted it to spread awareness. The percentages given by Steemit are just an overall guideline of where you would lie for curation rewards. But because there are so many factors involved such as number of upvotes followed, curator steem power, and the time in which you vote; there is really no way to figure out the algorithm.
I guess to answer the first question yes you would get all 10% of the curator rewards if no one comes after you. But overall, it is a mathematical equation that determines exact rewards. These time brackets are just a guideline so that people don't abuse the system and upvote each time a post comes out hoping to get 100% of the curation reward.
Also, I believe the amount of rewards that came in before and after you vote impact your share. For instance, voting on something before a whale does give you a better payout in that timeframe than if you vote after the whale in that same time frame.
Don't quote me on any of this though, recall hearing it a while back.
I believe you're right. In order to be a successful curator you need to help bring a post out to become viral. In order to do this you'd have to vote before it gains higher amounts of value rather than voting on the trending page where the value is already high.
think I'm gonna change my name to cudaguppie ...when I grow up I wanna swoop in and steal a whale's lunch...well maybe just a half a tuna sandwich...I'm not greedy :-)
ok... @stephcurry still confused here...surprise! ;p
10% + 50% + 90% of a 25% piece of pie ...even I know that there's too many dogs on that bone
and the steem power equation...what's considered a strong power chord for optimum amplification?
lastly...is there a way I can transfer funds from my bank...or a bitcoin ATM (got one here) so I can amp up? Polo's got my SBDs all tight fisted 'n all right now :-/
sorry if you feel I'm gate crash'n your thread here @mmatrics ...I'm sure we're all trying to get this thing down.
Bittrex works great for me. I used Coinbase(here's a link) to buy BTC with USD, sent it to Bittrex bought steem sent to my steemit acct.
hey thanks for the info @scaredycatguide ...so I can send directly from coinbase to my wallet here...right? I'm Canadian...guess I'll need to get a US Dollar account set up...I'll look into it.
No worries. Maybe we'll catch a whales attention if we get enough activity going, and they could give some more insight.
I know right. These whales are hard to catch. What we need is a witness, one who developed the algo! Maybe @aggroed or @acidyo could help us out.
@stephcurry What would a witness do to change the game here? Just spit ball'n here now ;-)
Witnesses provide change to Steem and develop improvements with the platform. They pretty much set the tone here!
@mmatrics thanks man...I know this is usually bad form...but hey...we're all here to help one another...am I right?
Haha no worries!
The percentages are not exactly percentages to make up an entire 100% They are used as weights toward the 25% pie. Not sure if that made it more confusing or clearer. But anyways so the percentages act as a weight and are continually divided until a fair share of curation reward is able to be given out based on the weight of the reward you are able to receive.
For steem power the higher the sp the higher the influence you have. Some more influential people here have steem power at around one million while smaller people like me only have about 100 sp.
You can use blocktrades! I know they exchange bitcoin to sbd/steem. But ya polo is being annoying while they keep blocking the trades...
yeah that helps...I get the weight thing...thanks
so...getting...say 500 - 1000 steem into my account would improve my influence to a decent level?
seems I've been doing a bit of curating while surfing my feed without realizing it...now that I'm formulating a game plan it just makes sense to power up asap.
This comment clarifies what I was wondering as well!