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RE: How Smart Media Tokens will change the attention economy
Steemit is adjusting how rewards are given to curators based on how quickly they upvote/ comment on a post. The most recent updates are coming with the velocity hard fork. Bots aren't entirely a bad thing and are useful in places like reddit. Steemit just needs to adjust its algorithms till it hits the perfect spot.
How quickly? Like the earlier ones to like/promote it get more rewards than thelater ones? Bots are not bad, I just worry they could spoil the fun :)
Do you have link to a post about the planned updates?
STEEM disincentivizes upvoting a post within the first 30 minutes, to discourage bot spam. With the velocity update, they will reduce this time to 15 minutes.
This is not yet a perfect solution, but I am sure they are looking at other measures
Ah, good to know. I was wondering why they would weigh more if upvoted on new content, since it promote bots to upvote as soon as it's posted.
I'll read about the update. Thanks for sharing!
Have a look at the current rewards system.