RE: So long and thanks for all the fish | a reflexion to the BOT owners and delegators
It's weird that you only got a 4.44% ROI, we've updated the way the bot calculates according to @yabapmatt's update. It's supposed to be a fixed 10% return so not sure what else than the price fluctuations are what caused this.
Anyway, I'm with you about what has happened to curation and my thought with @ocdb was that instead of giving a ton of free Steem to bid bot owners that got lucky early by receiving a big delegation after forking a bid bot and doing nothing after that but earning free rewards, we could instead just reward decent authors and give delegators a competetive ROI to what bid bot owners were offering. This way holders and authors get the most out of it.
We have some ideas for the future to divide the whitelist and increase ROI of some users depending on their performance but there's so much to do right now we aren't able to focus on that part. One way we can effectively add more ROI to authors without taking it from delegators is by throwing some votes with @ocd or our own personal accounts. Once things start getting more competetive we might start doing that, we were hoping more people would start creating non-profit bid bots or distribution bots but so far we haven't seen much.
Having said that and reflecting on some issues and countless dm's lately we want to make it clear that being on the @ocdb whitelist is a privilege more than a service. Although many users have understood that and acted accordingly, there are many that use it for whatever and then start complaining when we warn them. This isn't walmart where customer is king, this is an addition to us having curated you in the past and giving you a chance to grow your stake and rewards from your posts since curation is close to being dead. If you can't get it through your head to not abuse @ocdb then your chance will be quickly gone without you being able to call customer service and complaining about it.
We will be posting more clear guidelines soon and hopefully get normal curation and growing the whitelist going again.
I have actually been doing this and curating a little through the list to try and add more value to the whitelisted users as I have a lot less time to curate at the moment. It has been interesting to read the mix of content that goes through there when i can though.
Yeah, I also imagine there are some accounts, even though small in stake, that will over time start stacking votes on bidders just cause of the curation rewards. I know many do that with bid bot votes even though they may face the risk of getting flagged so I'm sure the ROI will increase over time in different ways as well. If anything it will always be profitable at least even though the exact ROI keeps fluctuating.
This is a tool that people can use to see curation returns.
https://beempy.com/curation/@nnnarvaez/trading-or-finding-my-trading-style-ii-having-fun
Funny one is the first vote got a massive 500% return :D
That's insane lol, how...
early tiny voters can get massive benefits even with the penalty. Generally on my posts they are getting 200% at that time but it only works for tiny votes. Some of those curators are making decent percentage returns on their stake.
I think the really tiny ones just get wiped as dust
Don't think so. It is only if the entire post doesn't make it over .02 cents. Curation is paid as long as it is over 0.001 and the entire post made it past the 0.019 I think
I do too, that is how i end from time to time commenting in one of your posts, I like the lean back writing style.
Hmm, powering down plus only 0.5% of voting power used? Very inefficient to keep 99.5% voting power, isn't it?
Someone recommended @ocdb as an interesting alternative to bidbots. I'm not whitelisted / out of the circle, just curious.
P.S. Do you distribute bids among delegators or only curation rewards?
They distribute everything to delegators bot bids and curation, that is why you probably noted is in power down.
As per VP always close to hundred it is the way the bot was coded so it can give max payment for every vote.
It does not work as the other bots the spends 2% per round it queues the votes and only votes at a 100 %
Yet is true that today there have been an unusual number votes probably customers noticed that with the increase in price the vote was not being profitable and are waiting for the price to settle to use it.
Which is a problem to delegators because days with no sells are days with no revenue
Then seems quite fair at first glance. Big problem of wealth concentration remains. Account is controlled (~ 95% worth of delegations) by only 7 accounts, thus at the end over 90% of newly created steem / SP goes into those few accounts spiralling wealth concentration.
Inequality is inevitable as physics laws dictate, yes, interesting, I think I got a topic for my next article! Too little inequality is bad (communism) too much is bad (dictatorship), the point is to find this sweet spot.
@ocdb is too focused on profits for big players, I think. Doesn't move wealth equilibrium to optimal position, but enhances current dictatorship like wealth concentration.
Not an easy problem to solve, to be honest.
No man OCDB is focused on taking delegations from the BAD big players.
It is about the only bot that shares a little with the author and it is the only one that KEEPS 0 for the trouble.
Most bots you pay 10 and you get 5 OCDB you pay 10 you get 11 (sometimes more sometimes less but always more than what you put)
It is a different problem.
It seems they are not that BAD delegating, as nobody can force them? It doesn't change the fact that 90% plus newly created STEEM goes to only a handful of accounts, further centralising funds.
Better than 90% going to delegators and 10-25% going to the owners of the bots is what he is saying.