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RE: HF Proposal - Is it time to decrease or remove the 30 minute author-curation reward window.
I love reading NEW posts because it's from random Steemians I have never met before. If I enjoy it, I upvote it right away. They say it's not a good idea to do so. Well, I really like new feeds, if that's a punishment, then shame on me for having no selfish agenda. Aloha!
Aloha to you too :). It's not about selfishness or being punished at all. It's about being rewarded for putting in the time to read a post and upvote because it's good. I vote early often as well, and resteem because I want to go back and read it again later. I do think 30 minutes is too long though , and should be reduced. It probably wasn't 6 months ago, when there was a fraction of the daily created posts.
I'm not sure when it was introduced but back then bots in throngs were upvoting single posts, basically there were trails that people followed and when the leader upvotes everyone behind him based on some set time delay do the same. So the rule got set to favor the authors rather than reward farming. Curators would have already voted in the first 30 minutes, mostly after the 15min mark, then bots would come and give moneh to everyone, mostly those first curators since they would receive a bigger portion based on the smaller stake, still it evens out in the end. I do vote in the 30 min mark sometimes, other times I just wait around 10 minutes, other times I completely forget and in the best case come back to it on a later date.
Thanks for the insight @j3dy. That makes a lot of sense, and the vote trails are very difficult to stop, and I suppose in that respect it is better to reward the author than the bots. Fron what I have seen, these trails only vote with a very small %, so would they have that much bigger an impact on those giving 100% votes if the time was reduced by even half?
it quickly drains voting power and people still do manual curation. the overall payout would be the same, they would probably get more rewards. It's stake based anyways. I don't know the reward algorithm but the earlier you catch the post the bigger the percentage of the reward for curation, it's still stake based so someone voting with 10usd on a post that's 0 lets say on the 30 minute mark, should get .00something(?5) if the post pays out 50 but the person that voted the 50 would get probably most of the rewards, so 10usd, it's how investors should be rewarded, for their buying in the stake of the platform.
I don't know the math tho. I did spend around 2 months voting and getting no rewards tho :D once when a post earned some decent payout and I caught it without any bots on it I did get my first reward, then I went on a hunt for steem, the rest is history :D I didn't make much :D
A slight exaggeration on my part but I sooo agree with you the reason why I don't mind voting early is for that 1. I like it 2. If I don't vote it now, it will disappear and it's time Cindy to search for it 3. I won't search for it because I'll be reading new posts.
You have a good proposal is my point. Enjoy the rest of your day 😜 Aloha
No harm done. I understand you reasoning 100% and I'm glad you understamd mine. Thanks for your input. Have great weekend😁