The Steem-Oracle Project: World Cup Prediction Game Wrap-up
Hello Steemians! The rewards from the final 2 contests are paid out and with that, I will be wrapping up this month long Steem-Oracle World Cup prediction experiment. Most of the information will be presented in the form of infographics and I hope you guys will enjoy it 😎.
The Grand Pool ended with about 21 SBD and 19 STEEM. At today's market rate, 21 SBD got me ~17 STEEM, hence, I will be able to get 36 SBI shares with the Grand Pool. As such, I have decided to distribute 5 shares to the top 3 predictors and the remaining 7 winners get 3 shares each 😋.
Separately, as mentioned in my previous post, I will be sending 2 SBI shares each for the 4 Steemians who have supported me through all 35 contests.
The "Average Accuracy" is calculated only based on statistics of Steemians who had participated in at least 18 contests (more than half of the total). This is to ensure that the figure will not be affected by outliers from those who had participated in just a few contests.
A total of 79 Steemians predicted in more than 18 matches and the average accuracy was 44.1%. On the other hand, Wisdom of Steemians (WoS) got 20 out of 35 matches correct, representing 57.1% accuracy. Only 7 Steemians were more accurate than WoS, which means that WoS is comfortably sitting in the top 10%.
To me, this experiment soundly proved that collective wisdom is better than individual wisdom. At the start of the experiment, I mentioned that 4 conditions are needed in order for this to be possible,
- Diversity of opinion (each person should have some private information, even if it’s just an eccentric interpretation of the known facts)
- Independence (people’s opinions are not determined by the opinions of those around them)
- Decentralization (people are able to specialize and draw on local knowledge)
- Aggregation (some mechanism exists for turning private judgments into a collective decision)
And through this series of contests, I think it is quite clear that the Steem platform is an ideal platform which is able to fulfill these 4 conditions.
Again, in order to be qualified to be the "Most Accurate Steemian", he or she needs to participate in at least 18 contests. In fact, @dindasteem participated in 27 games and was correct in 18 of them. Absolutely remarkable!
This post wraps up the Steem-Oracle World Cup experiment. It was really a fun and exciting 1 month for me and I hope it was fun for you to. So what is next? I will be taking a short break from Steem-Oracle before I start preparation on the next series of contests. In addition, I have create a Steem-Oracle Discord server, so if you will like to interact with me and brainstorm ideas for the future of Steem-Oracle, please join me in the server. The server is quite empty now but with everyone's help, it will be built up over time 😁.
Once again I thank everyone for your participation and Looking forward to seeing everyone in the next one! As usual, if you like what I am doing, please follow @culgin and @steem-oracle for the latest updates.
Hi man, thx for everythin. Great contest n Im stoked for reachin Top 10 n gettin a reward for participatin in every single match. (:
Im stoked for the next @steem-oracle contest.
Cheers bro!
You are welcome and I am glad you enjoyed it! Thanks for the participation.
For more updates on the project, you might want to join the Steem Oracle Discord server,
https://discord.gg/YJG6j7p
Thanks for the friend contest and for the initiative with @steembasicincome
It was a success this contest! very few in the world had as much quality as this. Again, thanks for the prize!
Waiting for a next contest :) Success, Regards!
Thanks for the support once more and congratulations!
For more updates on the project, you might want to join the Steem Oracle Discord server,
https://discord.gg/YJG6j7p
Again, thank you for this event and congrats to my fellow winners.
Let's have a good match again in the future :)
You are welcome and congratulations once more!
Thank you for the compliment, and I am very proud to guess with such a high accuracy, but I am a bit disappointed to not be able to participate in the whole contest because it is hindered by busy in workplace .. Hopefully on another occasion I will not miss anymore ..
Hopefully, success can always be found and I hope more and more idea genius out of you to please us ..😊.
Once again, I thank you for your incredible work, Your idea is really fun ....
Thank you for your support and the kind words!
This contest was a great experience and gave the soccer world cup more excitement. Thanks for this opportunity you gave us. Greetings.
Thank you! If you are keen to join more of such contests, do join my Discord server
Great contest. Was a honor to be a part of it
I am glad you like it! Thanks for participating!
For more updates on the project, you might want to join the Steem Oracle Discord server,
https://discord.gg/YJG6j7p
Hey @culgin ,, If the SBI gift you send to @steembasicincome can be taken ,, please teach me how, I really do not understand how to take that gift ..😊
@steembasicincome is a project which will reward you over time based on the number of SBI shares you have. Basically, your posts will be upvoted by SBI if you have some SBI shares. The more shares you have, the larger the upvote. For example,
For this post, I got a 0.17 worth of upvote. By sending 5 STEEM to @steembasicincome with your name, you get 5 SBI shares. So you already have the gift, and there is no further action required from you. SBI will take some time (usually 2-3 days) to register your share and you can check how many shares you have here. Basically, it is a way to reward Steemians and encourage long term involvement on Steemit.
More info on SBI can be found here:
https://steemit.com/steembasicincome/@steembasicincome/steem-basic-income-frequently-asked-questions
Hope I have answered your question .
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by culgin from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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