You are viewing a single comment's thread from:

RE: A Day Of Whale Abstinence Will Answer The Question!

Interesting idea. I don't understand the voting technicalities well enough to know if it would work. When you make a vote the amount of money it is worth is shown instantly - how would a whale abstaining from voting change that .i.e. how does the system now if whales will be voting that day or not so that it can adjust the values?

Sort:  

The amount of Steem awarded is the same each day. If whales didn't vote, the dollar amount on post would slowly realize that the Numbr of Steem power voted that day would be much lower ( like 5 percent of normal.) as the whale fasts went longer and longer all post would start rising together. Because the prediction algorithm would realize hardly any Steem power was voted that day.

In. Other words when whales vote it actually takes a bit of money from all other post and awards it to the one they voted for. If they didn't vote all post would rise.

OK so it would slowly rise to compensate it obviously can't go back and change what has already been voted for - that is what I was not understanding.

The dollar amount shown on a post as I understand is a prediction of where it will end up. This is why sometimes you vote on a post and the value goes down. If whales abstained predictions wild be way off until the very end of the day.

read my post ;)

Coin Marketplace

STEEM 0.14
TRX 0.12
JST 0.025
BTC 52740.91
ETH 2362.72
USDT 1.00
SBD 2.09