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RE: EIP FAQ
50% might be a difficult number to swallow, but the economics are entirely different from ad revenue ones people are use to
Right now they're getting 75% of piss all because they're losing it all to stakers getting their vote rewards back one way or another. The EIP is offering 50% of hopefully almost the entire pie. It'll be up to us to communicate this to people so they understand.
50% of a pumpkin is more than 75% of a grape.
Haha lol . A quote i’ll probably put on my wall !
Did you? :p
Haha when you say something on the blockchain it stays there forever, I guess this is a point in case lol. I haven’t done that yet but I definitely still should !
I'd totally vote for your wall if you did that, man.
Haha when you say something on the blockchain it stays there forever, I guess this is a point in case lol. I haven’t done that yet but I definitely still should !
I think you meant to respond to @acidyo but got me instead.
You’re right. Thanks for letting me know !
I cracked up laughing the moment I read this.
I must have been hungry when I wrote that.
On Golos ( Steem fork ) people can choose any curation percentage inside the corridor pre-set by witnesses. By now it's from 51% to 90%.
Still it didn't eliminate vote bying.
tell me a little more about them, why are people selling votes if they can just farm the 90% curation posts? is it something to do with their curation curve?
what other economic parameters do they have? free downvotes? what's their reward curve?
what's the overall economy there like?
Most of parameters there could be changed by witnesses without any hardfork.
By now the majority of top-witnesses have voted for linear rewards and zero minutes early voting penalty.
The actual consensus state can be viewed on explorer https://explorer.golos.io
My understanding why people are still bying votes is some sort of addiction to be on the Trending.
And actually it isn't always 50/90, because vitnesses votes are "split" between something like 25/75, 50/50 and 25/90, consequently the parameters can change a few times a day depending of who from the reserve witnesses is taken into the calculation.
I see
Then I disagree strongly with linear rewards and no curation auction window and full priced downvotes
I somewhat disagree with a curation slider too
Putting these all together, I'm not at all surprised at their economic failure
I don't think this economic failure have anything to do with the curation model.
And actually the failure of falling from $0.30 to $0.05 as it's the case of Golos isn't so much different to falling from $6.00 to $0.3 as it's for Steem.