Achievement 6 : Understanding Curation and Community
ACHIEVEMENT 6 : Curation and Community
Objectives of this Achievement is:
-Newcomers know how curation work in steem
-Newcomers get to know what witness is and how to vote for witness
-Newcomers know how to create their own community or join the existing community that fit their interest
-Newcomers know how to use third party applications widely use by steemian such as discord.
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Achievement 6 : Understanding Curation and Community
cryptokannon (74)ADMINGreeterin Newcomers' Community • 2 years ago (edited)
ACHIEVEMENT 6 : Curation and Community
Objectives of this Achievement is:
-Newcomers know how curation work in steem
-Newcomers get to know what witness is and how to vote for witness
-Newcomers know how to create their own community or join the existing community that fit their interest
-Newcomers know how to use third party applications widely use by steemian such as discord.
Voting and Curation
There is a fixed reward pool on Steem.
Users vote on good content (like on Facebook) to distribute rewards from the reward pool to users who post quality content.
Users who distributed the rewards get 50 percent of the rewards they distributed.
The more Steem Power you have, the more rewards you can distribute from the reward pool.
Starting with the network's 16th hard fork in December 2016, Steem began creating new tokens at a yearly inflation rate of 9.5%. The inflation rate decreases at a rate of 0.01% every 250,000 blocks, or
about 0.5% per year.
The inflation will continue decreasing at this pace until the overall inflation rate reaches 0.95%. This will take about 20.5 years from the time hard fork 16 went into effect. After the Hardfork 21 this is the current distribution of the reward pool:
65% of the new tokens that are generated go to fund the reward pool, which is split between authors and curators.
15% of the new tokens are awarded to holders of SP.
10% pays for the witnesses to power the blockchain.
Where can I check my voting mana?
You can view your current voting mana using third party tools such as https://steemscan.com/account/youraccount or https://steemdb.io/@youraccount
What determines how much of the curation reward goes to the author versus curators?
The rewards are allocated so that 50% of the payout goes to the author of the post/comment, and 50% goes to the curator.
Of the 50% that goes to the curator, the curator will receive less than 100% if the curator votes within the first 5 minutes.
The split of the 50% that the curator receives during the first 5 minutes is calculated linearly based on the time the vote is cast.
If a post is upvoted the moment of posting, 100% of the curation reward will remain in the rewards pool.
At 1 minute, the curator receives 20%, and 80% remains in the rewards pool.
At 2 minutes, the curator receives 40%, and 60% remains in the rewards pool.
At 3 minutes, the curator receives 60%, and 40% remains in the rewards pool.
At 4 minutes, the curator receives 80%, and 20% remains in the rewards pool.
If a post is upvoted 5 minutes (or later) after posting, 100% of the curation reward goes to the curator.
Can I get curation rewards for upvoting comments?
Yes. You can earn curation rewards from upvoting both posts and comments!
Do I get curation rewards for downvoting posts or comments?
No. Since downvoting reduces the rewards on a post/comment, it does not earn curation rewards.
What are curation trails?
Some users decide to use third party applications such as steemauto to automatically cast votes. Users can automatically vote for the same posts and comments that other users does. Typically they will set this up to follow the votes of users who are good at curating. When a user has other users automatically voting for the same content that they do, the people that automatically vote after them are called their "curation trail".
Why don't my upvotes have an effect on a post's rewards?
A user with more SP is going to have a larger influence on the rewards than users with less SP. One vote from a user with a lot of SP can often have more of an effect than 100 votes from users with a small amount of SP.
Even though your vote may not have an immediate effect, when it gets added in along with all the other votes at the end of the payout period, it can still affect the payout. It may also cause more users to vote on the post too, because they saw that you upvoted it - so your votes can have an indirect effect on the payout this way.
Is there a way to make my votes count for more?
Yes. The more Steem Power you have, the more influence your votes will have.
The platform does not require that anybody purchase SP in order to participate, and there are many users who have earned a lot of Steem Power without spending any of their own money. You have the option of purchasing more Steem Power through your Steemit wallet or through any exhanges that offers STEEM pairs such as Poloniex.
What are the valid reasons for downvoting?
Users are allowed to downvote for any reason that they want. There are many users in the community who recommend only using the downvote on posts that are abusive. It is up to you if you want to follow this etiquette.
Does a downvote mean that I did something wrong?
Just because you received a downvote does not mean that you did something wrong. The downvoting person may have just been voting to reallocate the rewards in a way that they felt was more beneficial to the other active posts in the platform. Often users will leave a comment explaining why they downvoted, but sometimes they might not. If they left a reason, it is up to you to determine if you did anything wrong, and if there is anything you want to change.
Will a downvote hurt my reputation?
Not necessarily.
See: What causes my reputation score to go down?
What causes my reputation score to go down?
The only way for your reputation score to go down is to be downvoted by another user. Not all downvotes will cause a reputation loss though.
Downvotes from users with a lower reputation score than you will not hurt your score.
If your post or comment that was downvoted still received more upvotes than downvotes (weighted by SP), then the net effect on your reputation score will still be positive.
Witnesses
The Steem blockchain schedules witnesses to produce a new block every 3 seconds. 21 witness nodes produce 21 blocks in each 63-second round.
Steem Current Witnesses
What exactly is STEEM Witness suppose to do ?
What are Steem witnesses?
The Steem blockchain requires a set of people to create blocks and uses a consensus mechanism called delegated proof of stake, or DPOS. The community elects 'witnesses' to act as the network's block producers and governance body. There are 20 full-time witnesses, producing a block every 63-second round. A 21st position is shared by the backup witnesses, who are scheduled proportionally to the amount of stake-weighted community approval they have. Witnesses are compensated with Steem Power for each block they create.
For further explanation on what's a Steem Witness is and how to vote for witness you can read an article here by @shortsegments STEEM blockchain witnesses
You can vote up to 30 witnesses and since Steem Blockchain is based on DPOS(Delegate Proof of Stake)the more Steem Power you have the more weight on your vote to push the witness up in the rank of top 21 witnesses.
Delegations
As part of of your task, I encourage you to read this article to have an understanding about the delegation mechanism in steem.
Delegation in Steem Blockchain
Community
Currently there are some active community that you can join and see if their community description and interest are aligned with yours.
You can check the communities here
These are the list of community that are active on Steemit
Mobile APPS WhereIN
Banking and finance : Banking and Finance
Photography and Arts: World of Xpilar
Musics for Steem Contest Music for Steem
Challenges and Promotion of STEEM: Steeming Curators
Science, math, engineering: popularSTEM
General topics: GEMS
Arts : ART
Economy, Cypto, Marketing: