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RE: Curation by Prediction Market Proposal

in #steem • 8 years ago (edited)

Three questions:

  1. Would the curation reward be the same size as currently? This would result in people predicting mostly hight-quality content and omitting low-quality posts.
  2. Could I reduce my accumulated penalty by posting low quality content and predicting the outcome to my own vote?
  3. Would it matter if whales could adjust the outcome?
8 years ago in #steem by
$35.03
  • Past Payouts $35.03, 0.00 TRX
  • - Author $17.51, 0.00 TRX
  • - Curators $17.51, 0.00 TRX
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     8 years ago 

    Good questions:

    1. I could see keeping rewards the same size they are now.
    2. it is easy to predict content with 0 value, hard to predict content with high value. It is also easier to manipulate low-value predictions for accuracy because it requires less total Steem Power. It seems clear that predictions below a certain threshold should not count toward your reputation. You can still earn rewards for making those predictions. As a bot you could predict everything to earn $10 and be right some fraction of the time. It may be the case that there is no value in predicting low-value payouts. Either predict high or go home. I would say that predicting things that would claim more than 0.1% of the daily rewards. In other words, predicting the top 1000 posts each day will provide the most value to the readers.

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