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RE: Making Steemit Better: A Proposal to Flatten the Rewards Curve
I stand behind this proposal. However, if possible, I'd like to see the 400 in the denominator lower than that.
I stand behind this proposal. However, if possible, I'd like to see the 400 in the denominator lower than that.
Apologies @shenanigator, excuse my ignorance! What would that do in terms of the reward distribution?
With the 400 number in the equation n^2/(n+400), one would have to buy/earn a lot of Steem Power before they'd see their vote making a significant difference on a post with zero payout.
I want to increase the incentive to purchase lesser amounts of Steem Power because very few people can afford and will buy $50,000 worth. In order to do that, I think it's best to have a system whereby people see their vote making a difference with a much smaller stake.
If instead, we had something like n^2/(n+50), there'd be many more people on the platform whose vote meant something. They wouldn't have to purchase nearly as much Steem Power to make a meaningful difference.
I also agree with you. First of all, 400 may fit for the current system but we haven't found any good number for the modified n. And if the number is high, there are only few posts that become close-to-linearity while other posts are still suffering far below the
nline. This will make more people and bots to choose few high-ranked posts and consequently current problem cannot resolved much.If we lower the number in denominator (e.g. 400 to 50), posts with over 5000 MV votes already have approximately 99% of linearity so there's not much difference in piling effects between posts with 5000 MV and with 50000 MV.
Yes! That is a major psychological factor in whether or not new users will buy SP.
I just want my vote to be worth $0.01 !!!
(this is the voice of the masses)
I want to see and feel that I'm making a real difference in this big old world !!!
I'd even pay $100 to be like the rest of the people on this platform that are making a difference with their $0.01 vote !!!
Even if post payouts were displayed in STEEM to the 3rd decimal place. A minnow could see their vote was worth .002 STEEM and if they paid $20 bucks it would go up to .003 - that's the incentive for users to buy. People need to see that their investment makes a difference.
Golos (steemit spin off) has done it. :)
Wow... really? Did they just start with a more even distribution or how have they achieved this?
Perhaps because their low currency price. Hehe :D
Ah, that would make sense. That's why I'm not too worried about STEEM long term... I figure the worst case scenario is that the price drops way way way down, which ironically is also maybe the best case scenario for fixing the distribution problem.
Exactly! I remember grinding and grinding just to try and get my vote worth .01. I just wanted to see the screen change when I voted something. I wanted the content creator to be able to see it too. I wanted to matter. .01 is logically very small... but is huge psychologically! Now imagine if you could move that decimal to .10 or 1.0! This proposal can do that.
Oh great, I didn't realize this proposal would make that much of a difference... now I'm really excited!
I should note that this proposal can eventually do that. I was just saying that it will give "regular" people more power. I apologize for using numbers here. I should have left that to the math people.
You know, this is absolutely true, and a very big factor for many, and very often overlooked.
Thank you very much indeed, @shenanigator. This sounds like distribution would become much more fluid and quality content would be rewarded. I am very grateful for your very concise reply. Things are looking up!
I Agree
If instead, we had something like n^2/(n+50), there'd be many more people on the platform whose vote meant something. They wouldn't have to purchase nearly as much Steem Power to make a meaningful difference.