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RE: Homepage Payout Distribution, Power Law and Project Curie
That $31,000 post was also down to an influx of noobs who didn't understand the system. They thought if they upvoted the big paying posts they'd get a slice of it. Of course they got nothing at all, but the quadratic formula made the authors of the top posts get an even greater % of the pie.
Users have learnt their lesson now and are concentrating on voting new posts. And the number of new sign-ups is dying.
However, if we ever get a second influx of noobs, you'll start seeing $31,000 posts again.
I believe it was mainly to do with the near $5 price of Steem, that same post today, with the same people voting on it would get less than $6000
Cg
But the noob vote cannot inflate value in posts. Even 10000 noobs combined don't have any serious power to increase value in a post - let alone propel it to multi-thousand rewards...
There is a quadratic function at play. Read the white paper. It is not based soley on steempower. That's why a post with two people voting with 1000 steempower each, will earn more than a post with just 1 vote from someone with 2000 steempower. So noobs piling in does help massively.
I think the quadratic function is related to the total SP of all the votes that a post gets. So, IIRC, it should be the same for 1x2000SP or 2x1000SP.
Here is the white paper:
https://steem.io/SteemWhitePaper.pdf
On page 16 it says in order to discourage people from only voting for themselves, the reward is proportional to votes squared rather than votes.
So minnow votes really make a difference - that's why if you vote for a big post, you can see the reward jump.
10,000 noobs will closely equal to 80,000 steem power, of course its serious power.. man
80000 SP would probably be around a dollar or less in voting power. Stellabelle has ~150.000SP and it's a bit over a dollar I think.
dang that is so small of a number though thanks. Now i see why many are not powering up even investing close to 100K probably only ads a value of not even 2 to a post. There is something that needs to be changed, to start with.