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RE: Obligatory HF19 notice, and the near future of FOSSbot Voter

in #steemdev • 7 years ago (edited)

"It's a little complex by design." LOL you're sure right about that!

As I have been devouring Steemit's offerings today I have been watching my votes decrease in value. It was more than twice as much when I started today. This is probably what I have been seeing before, but since my vote was only worth ~$.02 max, it soon became too little to show.

How are you feeling about HF19? I'm surprised, and so far happily. Many people are far more pleased with their rewards, and seem to be intent on posting more and better content. I love it when I predict doom, and I'm wrong, and everything gets better =p

7 years ago in #steemdev by
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     7 years ago 

    Your voting power decreases the more you vote. This is called vote rate limiting. It recovers gradually over time according to this:

    img_voting_rate_limiting.png

    Again from the whitepaper:

    A major part of minimizing abuse is the rate-limiting of voting. Individual users can only read and evaluate so many work items per day. Any attempt to vote more frequently than this is a sign of automation and potential abuse. Through rate limiting, stakeholders who vote more frequently have each vote count for less than stakeholders who vote less frequently. Attempts to divide tokens among multiple accounts also divides influence and therefore does not result in a net increase in influence nor bypass the rate-limit imposed on voting.

    The charts above shows how a user’s voting power decreases every time they vote and then regenerates as time passes without voting. These charts use nominal time unit and could be made to scale to any targeted voting rate. Note that voting power rapidly drops off during periods of continuous voting, and then slowly recovers.

    Voting power is multiplied by a user’s vesting tokens to determine how much share in the reward pool should be allocated to a given work item.

    There's definitely a renewed spirit on the platform since yesterday. Exciting times!

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