You are viewing a single comment's thread from:
RE: Self voting will now NOT be default steemit.com behaviour
Minnow makes new account. Worth under $50 SP
Minnow makes comments, makes a post, gets unnoticed since he doesn't have a lot of followers.
Minnow buys $2500 worth of STEEM and powers up his account.
Minnow creates new post, and votes up himself. While looking under the "new" feed, people notice this post is already voted well above 25 cents and wonder why. They read the post, and upvote it too.
When this happens, it encourages those tho can afford it to buy STEEM to power up. We want that..
Do you really look first at the reward on a post to decide whether to click?
Sometimes... sometimes no. I know a lot of people and bots do. If something is new, is already getting votes, chances are its curation is going to be worth spending vote power on insteads of a dead post that gains no traction.
I personally like good content. I notice a large number of curators gravitate towards posts that are already earning something.
I am sitting on some 90% voting power on my @l0k1 account, and I just realised I often evaluate my decision to upvote on the reverse criteria... If it's already making lots, I look for ones that are good and neglected.
Funny enough curators would earn more money that way, but in reality everyone goes for the trending ones and make fractions of the rewards, take away rewards from neglected authors and over-reward trending content in the process.
It's a mess currently :)
It certainly is. I have suggested the idea of increasing the curator share as a positive incentive against self voting, from 25 to 33%, an increase of 75%, by the way.
I just wrote a proposal in my latest article Curation problems (incentive, rewards and self-voting) to increase the incentive for curators and reduce or even eliminate self-voting.
I would even go as far as to distribute 10% to authors and 90% to curators.
That would certainly drive engagement, for sure! I think too far though, would lead to mass random vote spam.
You mean exactly like now? :)
Interesting narrative, I hadn't thought of that. Here's the clincher:
The hypothesis here is that post which are already highly valued are of greater interest. I think this could be correct but perhaps not.
In any case the bot (as it currently is configured) is only interested in comments. That's what I tried to say in the post, that I think there is broad agreement that high self vote payouts for comments is not beneficial to the platform.