MAP Rewarder Free Upvote & Crypto News of the Day (Steem: FreeWriteHouse Bonus SBIs & Flag Poll) - 2 May 2019
MAP Rewarder distributes daily upvotes or SBIs to our delegators - these are bonuses on top of the weekly distribution of rewards. I think this has worked well and will continue until further notice.
To make these posts more interesting, I shall also post a quote, video or news item related to developments in the blockchain and cryptocurrency space.
To qualify, you must be a delegator to MAP Rewarder; more details at Delegating to MAP Rewarder: Benefits for Small SP Accounts.
There you can read about the whole philosophy behind the bonuses offered to delegators; larger delegators obviously receive higher weekly payouts in STEEM terms, but smaller delegators can receive far more in percentage terms.
Today is a Free Upvote equal to today's date, so at 2%.
News of the Day
To widen potential readership for these posts, I shall be posting some interesting quotes related to blockchains, their history, philosophy and economics plus possibly some images and videos. Enjoy!
Today's news:
As sponsor of The Grow-the-Freewrite-House Campaign, 4 members will today receive 1 SBI each as a bonus for their donation of 20 SBI or more to @freewritehouse.
Today's free SBIs go to @balticbadger (20 SBI), @wandrnrose7 (20 SBI), @dreemsteem (25 SBI) and @kaelci (20 SBI).
Six more SBIs to give out; looks like they will be gone by the weekend! Latest news here.
And from the Steem press...
Poll: Flags or Downvotes?
If you read the article, and the far more interesting comments, it should read, "flags, downvotes or both (or neither)"; that covers all 4 options.
And... Regarding Flags vs. Downvotes.
Here is a quote from the first article:
... flags in Hivemind can be used to satisfy whatever subjective standards a community desires to enforce, freeing downvotes to serve the specific application for which they were intended: regulating the rewards pool. (my italics)
Let's think this through. Downvoting a post uses up the downvoter's VP in the same way as an upvote, it reduces the potential post reward and gains zero curation rewards. The net effect is to take out a little less from the reward pool. As the pool is replenished at a constant rate, the total effect will be to raise the size of the pool. This is also the effect of curation rewards penalties during the first 15 minutes of a post.
So, the real question is why does Steemit Inc wish to see the reward pool increase further? The annual returns on vested STEEM is already among the highest in the blockchain world at some 21% - whether you wish to see this as inflation or interest is up to you.
Cui bono? ;-)
Today's Winner
Today's winner is: @braaiboy
The free upvote of 2% was worth approximately 0.048 STEEM or 0.24% of the delegator's SP and equivalent to almost an extra week's worth of recent weekly payouts!
Congratulations!
The best days to delegate are a Saturday or Sunday; one then receives a full weekly payout the following Monday and is entitled to all bonuses starting the day after delegation.
You may delegate to MAP Rewarder using these links:
[10 SP], [20 SP], 30 SP, 40 SP, 50 SP, 60 SP, 70 SP, 80 SP, 90 SP, 100 SP, 500 SP, 1000 SP, Other.
Please note that the minimum delegation is now 30 SP. Any delegations below 30 SP will not be accepted.
This change took place on Monday 18 March 2019.
- - 
- -Please Comment, Resteem and Upvote. Thanks!
@rycharde manages the AAKOM project and the MAP Rewarder & Curators Trail.
Sponsored ( Powered by dclick )
My thanks for the SBI! I received a downvote on yesterday's #SPUD post soon after posting it. 😭
Posted using Partiko Android
Thank you so much!! I love that we can give the Freewriters some extra perks 👍
Posted using Partiko iOS
I think your assumptions about flagging and the reward pool are incorrect.
Flags cause the rewards to be redistributed, that's it.
Hi, you can think of it as "redistribution" but there is no such function. The process, as I described briefly, is what happens when using a flag/downvote. That's why the Steemitblog mentions "regulating" the reward pool. This article, Understanding Flagging/Downvoting, from steemcleaners, describes the same process of the effect of downvotes.
Transactions take place every second, so have little effect on their own, but big changes in behaviour will lead to changes in the recent-claims and then the reward-pool. We have recently seen this with the curation rewards "lost" during the 15 minute reverse auction - again, I think the way we think of it, and the language used, that such pending rewards go back into the reward pool is not what actually happens within the code; in this case such rshares are just never converted from the recent-claims into rewards, hence the pool increases.
The reward pool rises and falls in line with financial transactions (votes) on the blockchain. In an economy that's buzzing at full speed, the reward yield per upvote will be close to the inflation rate at the time. But Steem is currently producing rewards at an APR of some 21% compared to its current inflation rate of about 8.5%. There is some concern that this is depressing the price (there are other reasons but this monetary cause is also part of the calculation) and increasing the reward pool further, at the moment, may exacerbate this.
Okay technically you are correct, but at the same time that also makes your own description incorrect.
Let's think this through. Downvoting a post uses up the downvoter's VP in the same way as an upvote, it reduces the potential post reward and gains zero curation rewards. The net effect is to take out a little less from the reward pool. As the pool is replenished at a constant rate, the total effect will be to raise the size of the pool. This is also the effect of curation rewards penalties during the first 15 minutes of a post.
The net effect (if it changes behavior, which is a big if) is that the new average behavior will be accounted for in the reward pool. Basically redistributing it. :)