You are viewing a single comment's thread from:

RE: Got upvotes but no payout? An overview of the situation around the minimum payout threshold

in #utopian-io6 years ago

Hi @crokkon

Great work as usual, and I see no reason not to select this as staff pick for this review week :D

I find this part interesting for starters:

Let's take the example of a post with 0.02 STU and 75% thereof going to the author -> 0.015 STU. With a STEEM price of USD 0.75 and a 0% SBD print rate like now, this would make 0.005 STEEM and 0.005 SP (in VESTS) for the author. 0.005 is already not far from the minimum quantity. Now put some beneficiaries on the post, and the author payout get's even smaller. Let's further reduce the Steem price (despite we all know it's going up soon**), and the numbers get smaller as well. At some point it's not possible anymore to go lower. This may go down to a point where authors receive nothing, but curators and beneficiaries may still get something (VESTS have 6 digits precision).

The fact that the author could lose a payout but the curators (and beneficiaries) would still take a piece is interesting for sure, I would have thought this to be the opposite.

When I look at the following chart, I can only presume that even when STEEM was higher (even last month), the number of comments with votes but not paying out had votes not close to 0.020 STU - The number of comments in this criteria has remained fairly constant.

This suggests the the fall in price has not pushed a large number of comments with votes below payout, and I had originally suspected that many additional comments would fall into this range over the past month.

While 200-250 SP were sufficient to make a 0.02 STU vote in July, this value raised to around 300 SP at the beginning of August and even got close to 400 SP. Until the end of August, around 350 SP were required to make a 0.02 STU vote.

A little concerning considering the number of accounts we have in this range - over 1.1 million (99%+ of all account) who could not give a payout to a post/comment if the only voter!

The 'What should I do' section at the end is great, and I wish for as many eyes as possible on this. I am likely to return to copy/past (and reference of course) this text to field the questions I know will be put forward over the coming months.

Thank you, top stuff!

Asher [CM - Analysis]

Your contribution has been evaluated according to Utopian policies and guidelines, as well as a predefined set of questions pertaining to the category.

To view those questions and the relevant answers related to your post, click here.


Need help? Write a ticket on https://support.utopian.io/.
Chat with us on Discord.
[utopian-moderator]

Sort:  

Thanks, Asher!

The fact that the author could lose a payout but the curators (and beneficiaries) would still take a piece is interesting for sure, I would have thought this to be the opposite.

Yes, this is fascinating! However, this is only what could happen if there were no payout threshold. I doubt it can happen with the threshold.

This suggests the the fall in price has not pushed a large number of comments with votes below payout

Yes, this surprised me as well. Could be an interesting follow-up to look into the characteristics of the posts and comments below the threshold. Thinking about it, I wouldn't be surprised if human-made posts and comments only took a small share...

Thinking about it, I wouldn't be surprised if human-made posts and comments only took a small share...

I agree. It's possible to separate the auto-posts from the humans? If so then this metric could produce some interesting results. Cheers!

to some extend it could be possible. But as often, it's hard to say without having had a look into the data first...

Thank you for your review, @abh12345!

So far this week you've reviewed 1 contributions. Keep up the good work!

Coin Marketplace

STEEM 0.19
TRX 0.15
JST 0.029
BTC 62836.52
ETH 2558.21
USDT 1.00
SBD 2.72