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RE: Whales - Can the community buy out a portion of your influence?
Removing curation rewards would cause me to cease this behavior and the only things I'd be voting on would be things I actually read. There still may be a case to automatically vote for specific people (who I'd like to support), but it wouldn't be about rewards anymore, it would be about supporting those I'd like to encourage.
Yes, I think this is exactly the type of voting behavior we want to encourage!
I don't think you need to do this. The reason those curation bots are easy to make money with is they are experts at front running whales. If we had a more fragmented whale base (by limiting voting after 250mv) then those bots wouldn't work.
As long as curation rewards exist, then bots will profit by voting on posts that they predict are 'winners'.
Right but it's much easier to predict 200 whales than 1000 dolphins. Remember the London whale?
That is true, but there would still be plenty of game-theory to play around with. Bots might not make as much but they will still be able to make money.
Just the ability to vote on posts 24 hours a day right around the 30 minute mark gives them a huge advantage. There will also still be tons of users that are on auto-upvote lists, which are easy to predict.
@ timcliff I wasn't aware of that 30 minute rule, seems like a bug that need fixing instead of working around it.
Does it mean that it make no difference at any point when you vote in the first 30 min ? And that guilds use that to predict good post ?
Bots will also profit by voting on posts that are just good, which may or may not predict winners. Not all bots attempt to front-run whales.
But of course there's no way to differentiate, I just thought I'd make the point 😇
Agreed. It is a good point. There are bots that vote in ways that take into account more than just maximizing curation rewards.
They are the whales.
Something like 88-89% of all rshares from votes each day come from the top 100 curators. That won't change in the current system whether we have 1000 users or a million.
I'm in that list.
Can you elaborate on this?
[Edit] Nevermind. Sorry, was confused by nesting.
I elaborated on my response to snowflake a little bit below.
I also nerded out a bit and added these stats to the rshares distribution page in the steemdb labs.