Off to a Flyer - Why I *actually* sponsored people to sign-up to @Steem-UA

in steem •  2 months ago

Now that the delegations have gone out and hopefully the recipients have subscribed to @steem-ua, I think it is time I uncover my dastardly plans.. muhhahhahh . cough.

No, there is nothing untoward nor is there any real ulterior motive other than supporting some content producers and, supporting an interesting project on the Steem Blockchain. The reason I am so interested in this particular project though isn't because I am a bandwagon jumper and if anything, I am quite the opposite. What I find interesting about it is the potential for low-level value, extremely wide distribution, something that this platform sorely needs. I don't think people fully understand the ramifications of having thousands more people with 1000 more SP in their wallets. However, that is only one aspect.

There are a few interesting parts to the User Authority process and one of them is of course that the vote distribution value is determined by a ranking system that is (supposedly) hard to game and, is continually going to evolve to factor in new variables. One might think that it is the large accounts that will benefit the most but, they aren't actually the ones who post the most, nor are they the ones who are going to notice an extra Steem or two each week. For me, delegating 250 I am meant to get 7 votes a week but, does it really matter? For me, Yes.

But not the value. 100 gets 4 votes, 250 gets 7, not 10. Delegating 250 isn't a maximization of the vote, 100 is. But, as far as I have seen, the lowest vote they have cast is 9 cents.

image.png

The current vote with 100 SP is worth about 1 cent so, that is 10 Self-votes value, without self voting and, the max one can have is 7 a week which requires 250 SP delegated. If 250 SP is worth a 2.5 cents a vote, that means 70 x 2.5 cents self votes has a higher value but, an account with 250 SP earned today likely is going to get more than a 10 cent vote.

For example, @cryptoandcoffee (who I think delegated 100SP) commented:

image.png

That is based on his User Authority ranking and whatever other factors they use. With 100 SP at one cent each Self-voting, @cryptoandcoffee can add 70 cents to his account value by voting posts and comments. If however he gets 4x 47c a vote (it will vary a lot based on many things) he can add $1.88. Do the math. that is a ~270% better return and, he doesn't have to self-vote once for it. What he does have to do though is have 100 SP spare, either earned or bought.

He can also increase the return on that 100 SP by engaging better, attracting larger supporters and working to improve his score. Essentially, be a more invested Steemian. This isn't overly useful for larger accounts though is it? Good. This is a low-level distributor after all.

My hope is that for the 23 accounts I sponsored today for about 800 SP, that cost to me will help them get much more value from that 800 than I can give them by myself. I bought 31 votes a week for 23 people/community accounts. 800 SP has a 5 cent vote value (according to Steemnow.com) so, 50 cents a day voting 10 times, 3.50 a week. If, the accounts that got spnsored get a halfway vote average between the 9 and the 47 cents, that is a 28 cent vote x 31 = $8.68. That is about a ~250% better return on my vote. Anywhere else I can get that kind of offer?

Now, this is only really useful for the low ranges as the @steem-UA bot isn't going to generally vote anyone at 100% no matter the account. This is the highest from the last round:

image.png
image.png

@timcliff sits in 5th position on the User Authority ranking and, I think he has earned the 93 cent vote. Btw, good job on the Steem Blast Day mate! So, this system isn't going to be a great distributor to line the pockets of the one percenters. This is a good sign.

Distribution to the lower end if they have the Steem to delegate. This is a good thing too because it means that in order to have the Steem, they need to engage to earn it or buy it on an exchange or convince some poor soul to give it to them. Delegation doesn't work because, they have to (at this point anyway) delegate themselves meaning, they have to have enough Steem powered up. Interesting.

The other reason I delegated other than trying to maximize the value of the vote for those accounts is, encourage the accounts to engage better and often, all it takes is a new perspective. @cryptoandcoffee engages well and posts well anyway but, here he is thinking again about his process. New thoughts, changed results.

On top of this, I want the system to be thoroughly tested and, not only by the people who are signing up for the votes alone. All of the people I selected already had the capabilities (SP) to get an extra vote but, hadn't, even though most knew of the possibility. Perhaps this throws a few different kinds into the mix.

What this does is help stress test the process that @steem-ua uses and allows them a wider range of accounts to pull data back from and perhaps, improve their system more or, find its flaws. The beauty of this project is that other than the SP delegated, there is no cost to get a higher value vote and if the community decides it doesn't work, it can be shutdown immediately by undelegating. With over 500 delegators now, they are off to a flying start.

One other interesting thing is that say a large whale decides to delegate a massive amount to it, it still distributes the same percentages broadly without gaining much itself. If Steemit decides to delegate to it, it will be very interesting indeed. The return for a small account delegating to User Authority is far, far better than the return delegating to any of the bidbots. Sure, one still needs to post something but, for a potential 270% return compared to 70-100% from the bidbots? If I only had 100 SP, I know what I would be doing with it.

This means that small accounts can still benefit, will benefit even more from producing compelling posts and engaging well and can leave the bidbots to the larger delegators. This will hopefully bring more interaction back onto the platform. It becomes like a Universal basic income of sorts that encourages interaction.

So, I am unsure where it will all lead or, if it will work at all but this is the kind of project that can be tested very easily and cheaply, is supported (so far) by many active members of the community only and can have real effects on the way the platform operates firstly on engagement and posting, and potentially with a growing number of growing accounts.

A 25 delegator today might realise the potential and be looking to earn/buy enough to become a 50 delegator. That takes work. someone with a rank of 15,000 might realise that with a little work they can climb the rankings significantly. This system by @scipio and @holger80 adds new layers to the Steem game and could potentially reengage some of the lower SP accounts that felt disillusioned. It could also make some of the larger accounts take a little more notice too and perhaps, run a sponsorship like I did or, delegate their stake to the project and take a cut of the curation returns.

It may work, it may not but, I like that there is something different to do and, there are options for small accounts to get a little stake of their own without having to pay 80% for a chance of a return. This is going to cause so many little ripples I think and potentially, they may turn into some very large waves that change the waters once again.

Taraz
[ a Steemit original ]

There are other things I was going to mention but, 1400 words already....

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

go on....mention it......you cant leave a post like that?????????

·

I will add one interesting one just for you.

  • I would like to add at least is that the only way to get the vote is to post

  • I would also like to add that it doesn't matter where on the steem blockchain that post is made, all dapps qualify. This means that one can still target their interest areas and benefit from UA without it costing them. They don't need to feel they are selling out for a vote from a dapp in anyway.

Questions:

  • What happens if they get a very large delegator

  • What happens if that delegator doesn't need a return

  • What happens if they distribute back the curation to delegators

  • Does it very quickly become the largest and most diverse distribution mechanism that still encourages posting and engagement?

·
·

What happens if that delegator doesn't need a return?

Some of the high-stake delegators refused stake-based profit already (says in the latest post from @steem-ua). But I think you still had in mind @steemit or one of their other accounts for this question.

·
·
·

But I think you still had in mind @steemit or one of their other accounts for this question.

pretty much. they don't get kickbacks from the other Dapps so it would be strange for them to do it if they delegate to UA to test it. It would be a very interesting testing period I think.

·
·
·
·

I think Steemit will do nothing. At least not before HF20. I still wonder if they will delegate to @steem-ua afterwards.

·
·
·
·
·

Well, hf20 is only a couple weeks away, that is a short time in my world. What they do, who know but potentially it will already have some significant backers adding a little more weight to performance test it. As said, who knows how it will pan out but it adds more layers to the game which I enjoy observing =)

·
·

a few what if's there @tarazkp. UA has grown very fast and if it keeps growing the answers to your what if's might be sooner that you think :-)

·
·
·

UA has grown very fast and if it keeps growing the answers to your what if's might be sooner that you think :-)

This is my hope. Rather than drag stuff out like normal :)

Hi @tarazkp, I have delegated 25 sp. I did it shortly before I saw your initiative. Congratulations on what you have done by the way, investing your hard earned sp in helping smaller steemians to help themselves to grow. Do you have any tips on how to boost your score and ranking with this project?

Posted using Partiko Android

·

Do you have any tips on how to boost your score and ranking with this project?

I have none. I don't really know how the algorithms work but because it goes on the accounts of others, it requires building a n account that attracts people higher than you (I guess). This doesn't mean spamming them though. I think it will could become quite an organic path in time, much like the distribution process could become.

Steem-ua is very good. I will delegate up to 250 SP as soon as possible.

I received my 1st vote from steem-ua 0.74

here is what they said

I have no Idea how to get large accounts to follow me.

·

In time and if it continues, it won't be about large accounts as much as there will be so many users. Just keep moving along, growing and engaging. :)

·
·

Last week hurt. in more ways than one. I am trying not to repeat it. Have set a list of priorities and following it. it is helping. but my time is limited due to having to spend 4-6 hours a day this week at the hospital. Got a call when I got home on the test today, bad news, and it changed everything this week.

When coinbase sends my transfer after the 72 hr hold I will hit 1000 SP. 8 months ago, that seemed like a impossible task. This is the best time to power up in the last 8 months and have to take advantage of it. I wish others would do the same. even 5-10 dollars a month makes a big difference.

·
·
·

You might get lucky with the current dip :)

·
·
·
·

I could use a little luck.
Got all comments answered and its 38 minutes to midnight. priority one done. now onto to priority 2 :-)

I truly like steemit :) That makes all the differance

I've seen nothing in 2 years that has the same potential as @steem-ua to raise the smaller, engaged accounts en mass.

The big caveat is that for now, and for a while, they will need delegations much higher than the 'optimum' 250 SP to be able to give returns that are going out at present. The distribution of stake is dependent somewhat on the generosity of the 1%'ers, but at present there is nothing even close to @steem-ua as a reasonable/fair way to do this.

Nicely done rounding up some test-cases, I'm sure they wont mind being part of an experiment :)

·

I think it is going to require @ned help to reach its potential but, its potential is huge and to take advantage, an account needs to reach a threshold in SP and incentive for rank too. I see this as a massive benefit as it cuts many of the low end sellers out and encourages powering up or buying-in to power up. 15,000 minnows put in 100 each? 1.5M, Steem goes Steem4steem on it? Curation goes back to major donators. Might be interesting.

·
·

as it cuts many of the low end sellers out...

Think you ran out of words before this key aspect :) Those with around 250 SP, looking at bb's for extra income can now go to @steem-ua, and Steem-it post/engage style. Got to be a good thing for all!

This is a great analysis, Taraz! To be honest, I wasn't considering ROI when I first delegated, but I was pleasantly surprised by the upvote. I delegated my first 50 SP before I finished reading the introduction post for UA. :) The next day I squeezed another 50 SP and I only wished I had more without making my vote completely irrelevant or remove delegations from the other projects I also want to support.

·

I think that in time and with some decent delegations, the return for small subscriptions is going to be very good. Hopefully it wil pull some of the small deegations back from the bidbots so they can be more effectively used for the growth of more small accounts.

·
·

I agree, it's always great to have alternatives. And UA comments can be an incentive to do better and offer some suggestions on what you can do to improve.

Hi taraz. Thought I would just update and thanks for the kind words. I just got a stonking vote from them lol. I was genuinely shocked with the original 47c but just went up as my ranking improved to a 65 c vote. This will definitely change how the platform operates from now on and is a game changer for the smaller accounts.

·

Thank you for adding this here and sorry for not warning you of me spamming your name in the post :D

·
·

No worries and it's free advertising so thank you for spamming lol.

I miss your posts for a week and come back and have no idea what you're talking about. I like the sound of distributing rewards more toward the plankton/minnow end of the pond. I'll clearly have to take a look at this ua thing.

·

you will likely find it interesting and who knows, it might work :)

·

oh.. you have a bit of reading to catch up on.. 7 days is like, 30 posts ;)

I am thrilled to be chosen for the experiment! I have already received my first vote of 0.317 The comment even came with tips for raising my score.
Pretty much what I already suspected. My engagement is good, posting frequency not so much.
I would have never tried this out on my own in spite of returns. I am still working hard to get enough sp for all the votes I need.
Will be interesting to see if I can raise the score a little.
Thanks again

Hi @tarazkp!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 6.095 which ranks you at #258 across all Steem accounts.
Your rank has dropped 3 places in the last three days (old rank 255).

In our last Algorithmic Curation Round, consisting of 450 contributions, your post is ranked at #16.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers appreciate your great work!
  • Great user engagement! You rock!

Feel free to join our @steem-ua Discord server

Am going to work my way up to 100SP and then delegate 50. Sounds too good to be missing out

·

Good luck :)

Do i have to do anything else to get the upvote? Or will the bot just auto vote one of my posts?

·

Just post normally.
There is more information on their account and in their posts too. It is good to learn how various aspects of the platform work, especially if you want to pay it forward. There are so, so many options here but most people stay narrow.

It certainly sounds promising. I am still working on my path to 100 SP, so i guess i'll have to wait.

·

well, the minimum is 25 for one vote a week. The amount doesn't matter for the size of vote. It takes 7 days to undelegate (5 in a few weeks after hardfork 20) so it isn't a huge risk to try it.

·
·

I just delegated 25SP. Let's see how it goes

Great information Resteem it

"This is a low-level distributor after all."

Thanks for the analysis. I had no idea what @steem-UA was all about, or what it meant, until I read that.

You are the FAQ King.

Well, you and TimCliff. He just did an amazing FAQ for the Steem blockchain as a whole. :)