Slider Gradation for comment voting
The recent increases in Steem price have obviously brought with it a welcome increase in voting value which is fantastic but it could lead to some unintended behaviours.
Since HF19, comments have been votable but this has been during periods of relatively low steem prices. The increases in vote value coupled with the possibility of cheap steem due to SBD price means that there are some quite large votes going around and this is hopefully only going to increase.
What is great is that some of the whale accounts reward comments significantly but as their vote increases, will they consider their 1% value too high for some comments? Will they take the view that very few comments deserve 20 dollars, but 2-5 would be suitable. Currently, they have no option on Steemit to easily lower there vote percentage less than 1%. This is also a problem for accounts that have a trail behind them with some trails being quite significant.
It is highly valuable to incentivise comments for both the posters and the platform in general as it encourages engagement and it would be detrimental to lose some of the large comment voters because they feel that their 1% is too large for a comment (I know, first world problems). But, it is not just the super large that face this as I think even the smaller whales would be hesitant to give a comment a dollar or even a 50 cent vote at times. It is not that they don't want to reward at all though.
What I propose is a change to the comment slider to have a 0.5% and a 0.25% gradation. But, to stop the ridiculous, this option would only be available for accounts that have a high vote power (maybe 50 dollars) so that at that point, they can offer 25c and 12.5c votes. On an account with a 400 dollar vote value however, they will still be offering 2 dollar and 1 dollar votes at 0.5% and 0.25% respectively
My hope is that these accounts would then feel more comfortable voting on comments and perhaps be able to spread their VP a little further into the comment chains. I am sure that there would be many commenting users that would appreciate the value additions in their wallets.
I know that this isn't a very big problem currently as there are very few accounts that this is going to affect but, I am hoping and confident that as SMTs are implemented, the price of Steem will quickly rise. Preparation for this success is better done early rather than having to put out fires later.
Taraz
[ an Original for Utopian.io ]
Posted on Utopian.io - Rewarding Open Source Contributors
Patience will ways pay off even when we see no sun in the storm
Look at the % I'm upvoting this comment with!
But yeah, I only know of chainbb.com right now that let's you vote with any 2 digit decimals.
Hmm, that's weird, $0,46 for a 0.05% vote?
Doesn't make any sense. :P
lol
Your 1% vote is still higher than my 100% vote?! What do I have to do to be 1% the man you are?
Makes sense doesn't it :)
hey, my post is there! thanks for suport!
I used it because you are awesome (and it was the first in my feed and happened to be about high steem prices). Mostly for awesomeness though.
stop it, I am blushing! You are sexy too <3
As you say "first world problems" - that kinda brought a wry smile to my face! That said your article has alerted me to a possible dilemma faced by some and helped me to gain a little more insight into the machinations of the voting system which, for now, remains an enigma to me! - gotta be good, thanks xox
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[utopian-moderator]
No worries, I assumed that adding a gradation of 0.5 and 0.25 below 1 % would be relatively self-explanatory. :)
Oh I am sooo curious what will happen when SMT launches and hopefull soon. It's a pity that Steem and SBD are falling in the moment, but I am convinced they will rise soon too :-)
Just a correction. Next year is going to be very interesting.
Indeed! I am curious what China does and how EOS will be and and and :-D
I agree with your idea
0.5% and a 0.25% very logical
A little voting tweek for the big guys, makes common sense to me.
Nice point ...I agree with you.
Thanks for your post!