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RE: Well, that escalated quickly: HF 21/22 and bidbots

in #bidbot5 years ago

Some time ago I proposed the Huey Long algorithm: posts should attain a minimum of 3% of the median payout, and none should exceed 300% of the median. Prior to HF21 the average payout was over 15 times the median, mostly due to botting versus organic.

The median seems to encourage creators, but is far too low to attract profiteers, at .04 SBD presently. As massively overpaid posts decline, the median will rise, until presumably the median and average approach parity. In the process, profiteering is essentially demonetized, enabling curation for qualitative reasons to overwhelm curation for financial reward.

Huey Long was assassinated when his proposals began to generate great interest during the Great Depression. I'd rather just be flagged, so if folks wanna silence me, flag away.

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