Dear @haejin, time is up
Dear Haejin:
I know you do not care about what your actions do in reference to the rest of the community but think about it this way. The shit you do by not declining payout on your posts is similar to what happens to the human body when someone drinks laundry detergent, or eats tide pods. But why would you care when you are raking in (Steem at $4.41 as of posting this) something like 2000 Steem a day which comes out to $8820 US a day. Since the reward pool currently has a balance of 707,834.066 STEEM one could say sure that it would take you 353 days to drain that but the problem is that you are a single user. Decline payout on 90% of your posts and earn like 400 steem a day instead of the 2000 for the benefit of the community.
Seriously at the rate you are going we are soon going to be hoping that you do what is presented in the picture below as you are being nothing but greedy and destroying the system
By the way @haejin, since I see you have no fucking clue how VP works here, you regenerate ~20% a day meaning you can downvote at 100% about 11 times (0.9811=0.80 or
[100%-2%]11=80%)
There is an optimal strategy to vote until you get to roughly 80% so if you know you want to vote on say 37 posts one day, the optimal vote weight can be calculated with the following formula:
min is the lowest voting power you want as a decimal (so 80% is 0.8)
currentvp is your current voting power as decimal (100% is 1.00)
num is the number of votes.
So given min of 80%, currentvp of 100% and num as 36 it would look like this:
And the output is in the percentage form. So to vote 36 posts equally and keep your VP at 80% so that you can regenerate to 100% by the next day then upvote at ~30.8% and I mean here is the answer doble checked with googles calculator. The formula used to double check is:
OR
Now for your stupid followers that do not know why many in the community care about this mysterious Reward Pool lets just state this.
The formula to calculate the value of an upvote, or downvote, requires there to be a non-zero value in the reward pool. For instance given the function below:If the value of b is equal to zero then the value of f(x) is 0. However, if X or Y is equal to 0 then the function still has a non-zero answer. The same is true with the function that determines the value of an upvote.
So until you get some basic math and common sense through your dense skull (which btw, isn't even always correct with your crappy predictions which almost always state some crypto is going up, much wow) I pretty much have to say that your stupidity amazes me. Want some crypto advise, pick a fucking crypto, buy it, fucking profit. Boom, make a fuck ton of money. See! anyone can make your stupid ass predictions, doesn't mean it will come true. Actual market analysis would sometimes make predictions of things going to drop or crash, and guess what, crypto fucking crashed during a time which you said it would have rose.
Now before someone says that predicting markets can be hard and difficult, yes it is, it is actually impossible to predict it 100% but being optimistic about your holdings all of the time is so fucking bad, its bad trading advice (even if it worked for your followers) and its just fucking bad. Don't fucking do it.
Yes I got the formula for calculating optimal voting power from another steemit user but I do not want to bring him to attention as he has absolutely nothing to do with this fight, he is trying to help out decent communities, and that user helped me with the math here and showed me where to create those latex images (the equations)
Anyways I am fucking fed up with this shit. Over the next few weeks I will be cashing out small portions of my crypto holdings for steem and will be building it to help take down your ass as you are doing nothing but harming the system. I do not want you on steemit, many of us don't. If I ever get the power then I will hand my posting key over to someone to have my vote counteract your brave ranchorelaxo and only that.
Time is up, steemit is done with you.
Delegate to me to fight @haejin with this link: 50 SP, 100 SP, 500 SP
Or copy this link and change to any amount you want. Do not get rid of all of your SP.
https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=haejinsucks&vesting_shares=50 SP
I click on a link saying "How voting works" landing on this page, and I must say that after reading it, I still don't know how voting works. I'm new to Steem and have invested, and sadly what I'm getting so far is that this steemit community is quite negative with all these fights for power, payouts and what not. Seems like the MAIN reason why people use steemit is to make money from having votes. Sad.
So voting works as a function of your MVests (Steem Power) and the amount of steem in the reward pool. When you vote at 100% (right now) yo use 2% of your voting power.
So lets make some function F(SP,RP)
We do not need to know the specifics of the equation (as it requires a few more variables to be added but these are the main ones)
Now lest say you have 500 SP and there is 719,428.350 STEEM in the reward pool, the value of your upvote at 100% when you have 100% VP is roughly 0.18 SBD
F(500, 719428.350) = 0.18
Now if you vote again at 100% you will have roughly 96.04% of your voting power and your upvote will be worth 0.1764 SBD. Since your votes are so small you wont have much of a noticeable effect on the reward pool
However someone like haejin can vote worth 70-80 SBD meaning a single upvote can drain roughly 70 STEEM from the reward pool, x10 is 700 steem which has a major effect on others votes.
I don't know if this is making sense
Thanks for taking time to explain further. It certainly helps a bit more ;)
So you're saying that a "whale" can keep voting (to a limit), taking a bigger proportion of the reward pool, and that's not good? But the reward goes to another author, not himself, no? I know we can upvote our own post, but that's only allowed once (I assume). Anyway, I'm still learning, it seems quite complicated. Thanks.
You can upvote any number of posts though, its just your voting power will decrease. So if you post 11 posts a day and upvote each at 100% then you will regenerate all of your VP by the next day and you will have earned the maximum potential from your own rewards.
The only time the reward goes to someone else is if they upvote someone else which is the entire point of the PoB algorithm that steem works on, it is supposed to be the communities decision on how much a post gets rewarded... not your own decision. No one person should have say over the rewards of a post
this post is whiney bullshit... steem users should chill and live and let live.
Let the audience decide how much peops make so long as someone is not gaming it.. wtf?
This post is challenging the opportunistic function of 1 user with a lot of money or obviously a syndicate trying to get control of shared income production.
This has happen before in the past and this will happen again in the future.
Besides that it's a pretty informative writeup and I learn something, so I say not bad.
Of haejins earnings, almost 80% of it comes from 1 user, hence the problem.
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Lol so you like dried out short sausages? Because that's exactly what Bernie is, ahaha haha enjoy him as for me... I'll stick to heajin,, oh and hey, what a CRAP analysis on a crap coin
No I just like the steem blockchain to stay functional, you might understand what that means if you actually read the white paper. I don't always agree with bernie, but haejin is making too much for the little effort he is doing. And hey, you call my analysis crap (even though its the same technique as haejins therefore his is crap) on a coin that has persisted for longer than most others (actually its one of the older coins) and is so low for a known reason. The coin isn't crap, its exactly what its supposed to be, a joke, just like the post.