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RE: Steemit, Inc Supports 0.8.3

in #steem8 years ago

It isn't really a significantly greater number of people. It is 159 accounts with a non-negligible gain, a significant number of which can reasonably easily be identified as: a) bots, b) people (including the largest known whale) holding more than one account, c) people who even larger losses on a different account. Just because the rest can't be so easily identified as being in one of these categories, doesn't mean a good number of them aren't as well.

I support the idea of wider distribution of rewards, but this just wasn't it (and maybe that will be an issue going forward with the same algorithm too, or maybe not, we will have to see). I hope to organize a pool funded by the largest beneficiaries of the original algorithm to voluntarily spread out some the initial rewards to a much larger number of active early-adopter users. Even if no one else wants to participate I will likely do some of this on my own, but I will contribute more if others are on board too.

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Those 159 accounts are, even when you substract the a) b) and c)s, >10% of the active userbase. How would you define significant?

Bots get more with the new algo because they curate more. The only reason they're not getting much with the old algo is their smaller stake in single accounts. The same reason all the minnows lose with the way that's been decided, no matter how hard they worked.

  1. You don't know what is what percentage of the active user base, because you can not accurately count a, b, or c. People have sock puppets, multiple accounts, etc. Likewise for the active user base.
  2. If we accept your 10% number than you have discarded 90% of the userbase. I find that next to useless for a change that was suggested to address a problem where many active new users (recruited from outside the crypto/Bitshares/etc. communities) will receive nothing from the July 4 megareward and quit. That's why I would like to address it with a broader-based promotional fund that reaches more than (possibly) 10%.
  3. Minnows don't really lose in either case, they get next to nothing or in some cases literally nothing (because rewards round down to zero) with both algorithms.

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