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RE: Downvote Pool Deep Dive
This is why we are proposing only allowing a portion of downvotes for free. The goal is to reduce the cognitive load on the "microtransaction" of a downvote to free users to curate without financial burden.
The real cognitive load on minnows who would consider downvoting a whale self-vote or bidbot vote is retaliation. Since one whale can counter thousands of minnow votes, and very few cases of so many votes exist, it's extremely unlikely that minnows would brave retaliation even if it didn't cost them VP to do so.
The only reason I get rewards today is because downvotes cost Bernie. If he got them for free, I'd get no rewards at all.
This is a bad idea, and it will make things much worse.
What financial burden? Vests?
No, the cost of a downvote is mana, mana which costs steem that would come from curation rewards otherwise, a burden which has always made flagging abuse a sacrifice.
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Pass that bong to me! And back to skool you!!!
Where can I buy that mana for steem you are baffling about? /facepalm
Author Rewards and Curation Rewards are vests, and SBD is a different kind of animal.
When I downvote, I will not receive vests as curation reward. So that's a financial burden.
You missed my point and the point of costs. When you vote, you don't lose vests do you? Ergo what gets used is your voting mana, isn't it? And so the question of what is the cost, the cost is mana. The implication that you won't receive vests/steem/sbd is the financial burden, but it's not simply that you won't receive vests, unless you forget liquid steem and sbd.
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No, There is no mana, like there is no steempower.
There are vests and resource credits. When I vote I lose voting power and resource credits. Both are used to limit my ability to receive vests as rewards proportional aligned with how much vests I have as steempower.
Steem is deposited in the steem vesting fund. The only way in is to buy steem with fiat. When you power up the steem is put in the steem vesting fund and you receive your share of vests as steempower.
SBD is a convertible note, a promise to receive 1 USD worth of steem out of the steem vesting fund through conversion. The steem is still locked in the steem vesting fund. hint
If I choose 100% payout you receive vests, if you choose 50%-50% you receive vests and a promise(SBD).
The costs are "resource credits" proportional aligned with how much vests I own.
Through the use of dynamic fractional reserves we all pay for transaction costs.
It limits the ability to receive rewards.
A user would have to earn rewards at an 8.45% rate to combat (inflation/dilution) just to break even after paying for these transaction costs...
Read the fuk-king whitepaper. :)
There's no mana but right after you go to tell me that you lose (cost) voting power.. There's no SP because it's defined as Vests by the code, too bad voting power isn't defined as voting power by code but actually spelled out
MANA
There are three types of rewards : SP, which doesn't exist even though it talks at length in the white paper about it..
Liquid steem, which you seem to forget..
And SBD.
But whatever, I'm not here to debate the obvious with someone who clearly has no interest in doing anything but trolling with "que burden?".
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I am sorry for you, idiot...
What's the problem troll, wait there is no troll, just setting up innocently looking queries that you already know the answer to in hopes of wasting someone's time/patience /nerves in debating that obvious answer on some pedantic and obtuse vein..
#votingpowerismana
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Understood
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