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RE: Math of Steem: Early votes have more value because 50/50 payout isn't really 50/50
Thanks for this article that further defines the voting and curating during the 1st half hour.
Just wanted to let you know that as of the start of this week, @trasparencybot does calculate the curation based on the exact time elapsed between post creation and each vote, so the numbers are no longer estimated but instead calculated based on the current values of SBD, Steem, rshares, rewards pool and recent claims, all of which of course are very dynamic.
I should have doublechecked that against more recent comments. The one here does seem to be accurate; I don't suppose you'd care to point me at the algorithm?
I've corrected the post.
Thanks for the correction. I had wanted to get to it earlier, but as you know, there is always more to do in a day then time allows.
Of note: The author portion is linear (15 minutes = 50%), but the split of the curation between curators is sqrt, with the earliest voters getting more "help", but the sheer voting SP by the bots almost always takes the cake.
Here is the author portion simplified.
https://steemit.com/utopian-io/@steempytutorials/part-12-how-to-estimate-curation-rewards
Thank you.