HF20 might be the reason steem got dumped

in hardfork •  4 months ago

No self-upvoting

One of the things steemians won't be able to do anymore is self-upvote their ways into reward pool rape. There are still other ways, but this is pretty big, specially to a few "dolphin" users who carry thousands of Steem Power each. This share of the userbase are statistically the ones who self-upvotse more than anyone else. Clearly I'm not saying this goes for all of them, but you can look up these statistics yourself.

If these particularly selfish guys power down, it is actually a good thing since everyone else's SP will have more influence over rewards without theirs getting involved. It's great for the long term too, because we'll be a bit closer to the blockchain's great original design.

You know, I've met at least one user on the platform - I despise him - who's not willing to upvote anyone else. He posts 10 times a day, upvotes himself for $1.00+ and upvotes comments he gets for $0.01, which will mostly turn into dust. He doesn't upvote anyone else's comments either.

Ironically, this patch it won't stop him, specifically, because he has a secondary account. Do you know what he does with it? Self-upvote. He'll proably just switch over to upvoting between the accounts instead. I hate this guy. I'm not naming names because there might be retaliation, but yeah, fuck him.

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My understanding of the change to self-voting with HF20 was that the author would no longer get 100% of the curation reward of his upvote when upvoting immediately. Instead, that portion would be returned to the reward pool. This is a relatively modest change that affects some of the curation rewards for an upvote, not the value of the upvote itself and certainly won't prevent self upvoting and rewarding ones self. Unless I'm misunderstanding something.

From https://steemit.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20

According to the current blockchain rules, if authors vote for themselves immediately, they get their author rewards, 100% of the curation rewards from their vote, and a portion of the curation rewards coming from everyone who votes for the post after them. Any other curator voting at the same time as the author would get 0% of the curation rewards. This gives the author an unfair advantage over other curators, because the author can earn additional curation rewards through self-voting.

In order to eliminate this advantage, the portion of curation rewards that is not given to the curators due to the early voting penalty will be returned to the rewards pool instead of being awarded to the author, thereby increasing the overall percentage of rewards paid to curators. This will better serve the original mission of the curation rewards budget: to ensure that the Steem blockchain distributes rewards to the most valuable content.

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It is a VERY important change. They don't only get 100% of their upvote, they also get more from the curation of others' upvotes on their posts, including those coming from promotion services like bid bots.

100% of the curation rewards from their vote, and a portion of the curation rewards coming from everyone who votes for the post after them. This gives the author an unfair advantage over other curators, because the author can earn additional curation rewards through self-voting.

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Oh, mostly importantly - their self-upvote will only count towards self-promotion. They will get neither author or curation rewards. Sure, a $0.001 upvote doesn't make that much difference. Because this doesn't affect just dolphins but also guys like haejin, however, this turns steemit into a whole different world.

The reward pool comes from how much steemians have invested in the steem blockchain. If some other person can join, abuse exploits and run away with other people's money without any penalties, you're essentially forced to watch as someone else takes care of a big share of your investment for you regardless of what you think of it.

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But as I understand it, a self-upvote will still reward your post in the same manner as an upvote for someone else. And in fact, you will still even get curation rewards for your self-upvote. You just no longer have the advantage of reaping 100% of the curation reward from your own vote when you do it instantly. In other words, only the portion of the curation rewards not awarded to curators because of early voting penalties is affected. I suppose this can be significant it just seems like it would be a relatively small part of the gains one gets from self-upvoting.

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I think this can be the reason but by the way we can see the bear market in all alts. I think for the future the most dangerous thing for steem is bid bots because they challenge the philosophy of a fair ( i mean a dicentralized ) platform everyone can receive what he or she deserves.
If you 're a good writer , the majority have to determine the value of your job , not greedy robots . We must not forget that there is competition in this arena and it is likely that steem will have serious competitors in the future .

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Unfortunately, it's not that simple. While this might not be the case for all of the upvoting services, greedy robots are ran by greedy people. In case their services have to stop, they are likely to just upvote their delegators or find different ways of being selfish.

There are also ways of performing this service in a more "righteous" way, as clearly demonstrated by @ecotrain (although I'm not saying it's perfect), so you just can't blame the type of business in itself.

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You mentioned the main reason : greedy people . But if the system is fair , these people should not be able to manipulate the system . steem pays it's users millions of dollars evey year and by manipulation that money will not properly be distributed and it's unfair . We should be aware that people don't directly give money to each other .this is not a donation of money this a distribution of money and people are just part of this process. this is in fact the system(users are part of it) . And it 's very important that the system is fair . I suggest , for instance , that any post that wins the highest number of votes will give the more steem even if the voters dont have many steempower.yes they dont have a good steempower mabey because they are not rich but is this mean that they dont have reason? what tool should we use to find the real value of a content? With The power of money ? Or the power of reasons( real majority). (Of course mabey there is a person who is rich and smart ).

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Fairness is not logical. Fairness is human, it's a moral value. Systems are logical, amoral, and this is particularly important if it's designed to be decentralized. Therefore, I wholeheartedly disagree with you, the system does not have to be fair, just well designed.

Also I'm under the impression you are not aware of where that "money" comes from, please correct me if I'm wrong.

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There are a lot of jerks like that in the platform. I particularly hate ones that come to you blog, leave a brainless message like "great photos", upvote their own comment for $1+, and not actually upvote your post. Selfish bastards.

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Meanwhile, there's barely any word out about your own @steemgg and other great projects adding longevity to steemit.

Hell, it took me an awful long while just to find steemworld. How does that get buried?

PRICES HAVE CHANGED TO 0.150 and 0.151!!!
NEW TIER UPVOTES user guide



Current price is 0.150 or 0.151 SBD for 200%, 250%, or 300% upvote based on tier level.

200% ($0.30) - Bronze Level - No requirements
250% ($0.37) - Silver Level - SteemAuto Upvote of 100% or $0.02 (whichever is possible)
300% ($0.45) - Gold Level - SteemAuto Upvote of 100% or $0.02 AND 50 SP delegation

All delegators make a "striking" return on your investment!
50 SP --- 100 SP --- 200 SP --- 500 SP --- 1000 SP

That being said...

BOOOOOOOOOM!!!

The ground shakes as incredible power lights the sky. The thunder tests the quality of your post and deems it worthy, rewarding it with an upvote and comment from @thundercurator.

Investors who delegate SP to @thundercurator are entitled to 75% of @thundercurator income after curation. Get on-board early and grow with us!

This post has received a 3.33% upvote from thanks to: @felipejoys!!!
For more information, click here!!!!

If you use our Robot before your post has 1 day and get an Upvote greater than 1%, you will automatically receive Upvotes between 1% and 10% as a bonus from our other robots.

Do you know, you can also earn passive income after every bidding round simply by delegating your Steem Power to @minnowhelper?
you can delegate by clicking following links: 10 SP, 100 SP, 500 SP, 1000 SP or Another amount

I agree with you dear

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Thank you.

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100% agree with you.@aryaan

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Thank you.

thanks for this valuable insight. Its always interesting to get an understanding of other people's behaviour.

You got a 6.85% upvote from @postpromoter courtesy of @felipejoys!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

I don't upvote myself but I can understand person who have let's say 10 dollars per upvote so he votes on himself to be bigger and bigger like in circle. But I Agree, after HF20 this changes can change situation to force others to upvote others :D - Maybe not this guy you wrote about, but others can change their behaviors.

I don't only understand how some people don't wanna upovote others because they don't wanna to make them bigger and stronger etc. By upvoting other peoples and making some connection you cand find people who upvote you and you them, so everybody get's something to grow together :D

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The thing is, steem's design works around curation. By getting rewarded for being selfish, for not using your upvote to curate, for something that goes against steemit's grand design, there should be a penalty.

On HF20 you'll be able to upvote yourself as a means of promotion, but the $ will stay in the reward pool. You'll have to pick between "author + curation rewards and self-upvote weight benefits" and "free promotion" instead of getting both options without penalties.

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So if you wanna reward people who upvoted your post you can upvote post to give them more money :D

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Yeah, unless they have bad content like plagiarizing etc of course.