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RE: How to Allocate the Worlds Resources Fairly
I'm going to quibble on one point (which I've brought up before). No one is voting on these posts for the curation rewards because they won't get any. Since Dan self-votes and has high SP, that reallocates essentially all the curation rewards to the author. Even in the case of bots, by now most bots (and/or the people running them) are smart enough to know that high-SP early votes kill the curation rewards and not to vote on these posts to earn. People may be voting out of loyalty, or laziness (if Dan wrote it, it must be worthwhile), or perhaps they actually find value. But it isn't for curation rewards.
So it's all basically for a circle jerk? Or are people voting on these things expecting a reward but in turn getting axed because of the way it's run?
I bet you people are voting on these posts for perceived curation rewards.. And if what you've written above is true the rabbit hole just gets deeper and uglier. -_-
We can't really prove why people (and/or the bots they control) are voting in any particular instance, but I seriously doubt that to any significant degree significant stakeholders or bots run by significant stakeholders are still making such a costly error as to vote for these posts for the purpose of earning curation rewards. Seven months is long enough for people with real money at stake to figure out how the system actually operates. Dust votes may be, but that's not where the rewards are coming from.
It seems to fall somewhere between popularity votes, misplaced idea of getting rewardd for upvoting it or simply mindless upvoting for our fearless Dev.
Either way I'm sort of thinking it's a wee bit laughable at this point on both dan's and the communities behalf that we're just circle jerking some of the highest level account holders into positions where they can collect more money to dump on the market later after they announce news to stimulate buys.
I honestly hope I'm just looking into this all far to much and seeing things that perhaps are figments of my imagination.. Sadly I don't think this is the case though.
Umm are u sure. I was not aware. I still vote on these for curation rewards.
It would really be nice if we could understand how curation works.
If you look on steemd.com for this post in advanced mode you wll see this line:
author_curate_reward 96.06%That means that due to early voting (primarily Dan's instant self-vote), 96% of what would otherwise have been curation rewards are redirected to the author. All the other curators are splitting 4% (of 25% of the post value so 1% of the post value). If you aren't one of the first voters and aren't a whale, you will be getting dust or more likely nothing at all.
You can go and study the math and the code or you can simply try to use curation rewards as they were intended. Find posts that have been active for at least 30 minutes, don't have a lot of voting, and have the potential to become popular and get voted. If you do that you will earn significant curation rewards. If you pile on to posts like this one you will not.
It is perfectly reasonable to just vote for what you like, even if you vote late and get no curation rewards. That serves to incentivize other curators following the process in the previous paragraph to find it for you and make it more visible to you.
Thank you smooth