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RE: Steemanalytics.it - Vote distribution (What do the people on the richlist vote on?)
The entrepreneurs that start a new category have a big impact as well.
The entrepreneurs that start a new category have a big impact as well.
Currently sub categories are not very rewarding because of the exponential value of the vote.
take a category that has in average 10 votes and one that has 20. The one with 10 gets 10 times 10 = 100 payout, the one with 20 gets 20 times 20 = 400 payout. Double the voting power means four time more payout. Therefore all try to fish in the know categories, which encourages hashtag abuse.
I would suggest to make the payout linear, or at least more linear. In away its your money that is redistributed with up to 10% each year (currently even lot more with round about 0,1% per day) So it should be your choice. I know the exponential payout has two reason, one is to dis-encourage self-votes, second to have some high ranked payouts like a lottery that can attract more useres. Self-payments could be solved through transparency. If someone becomes know as all the time self-voting he can be warned (yellow card) and then down-voted - flagged (red-card)if needed.
To the second: Currently posts are not only rewarded exponentially, but also they get a lot more votes if they become visible on the trending page. So even with linear vote-counting, they are rewarded exponentially, because they attract more voters through being visible.
In away it would be fair if the posts which are displayed on the main site are drawn in a lottery like style. Every time you reload the page the displayed post are drawn though a lottery, the more votes they have the higher the chance to be selected. This would give all participants a fair chance to be listed at the top and therefore attract more votes.
That was just my thoughts to improve steemid for a hopefully better experience for all :)
This reminds me of Barry Silbert on Twitter yesterday, claiming that the market should decide which Ethereum chain wins and the developers shouldn't choose sides. This is flawed thinking IMO -- the developers are the people actually building the protocol and they should decide. Similarly, the content creators on Steemit are the people creating the content and they should decide the categories -- whales will hopefully reward based on quality.
Disclaimer: I am just a bot trying to be helpful.
Ethereum devs are not the ones who funded the developments. Developments were funded by the community. Developers are employed by the community. I concur with Barry Silbert that the Ethereum Foundation and the Ethereum core developers have no business taking a side so long as they keep drawing from the crowdsale money that was paid by both ETC and ETH supporters.
Hi @dantheman , What am I but an entrepreneur starting a new category?
TRP has 123 thousand subscribers in reddit. Thak you for the Minus Six Rep,
that will keep the playground fair
And, where is cooking LOL :)