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RE: A more thorough consideration of the Early Voting Penalty issue

in #steemit6 years ago

Still trying to learn. Curation reward, and Author rewards are two distinct pools?...So when I vote on a post part of my vote gives an Author reward, and part a Curation reward?
So my vote is worth, lets say 0.060. At one minute 0.060 value is going to the author. How much of my vote value is going to the Author at the 31 minute mark? Also if a bot votes at the two minute mark what percentage of the curation reward would that vote garner?

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Curation reward, and Author rewards are two distinct pools?

This is a useful way to think about it. Really right now it's one pool and the curation rewards are individually taken out of it before the rest is given to the author. But in a design sense, we can think of it as a chunk of money that goes to the curators and a different chunk to the author, that add up to the post payout.

So my vote is worth, lets say 0.060. At one minute 0.060 value is going to the author. How much of my vote value is going to the Author at the 31 minute mark?

Neither of these is an easy question to answer. The way it works now, at one minute the author might actually be getting 0.10 out of your 0.06 vote, depending on how many votes they get later. At 31 minutes the author gets at least 0.045 but it could be larger based on whether anyone has voted earlier. (But in that case it will always be less than the total value of your vote.)

You can even see this effect on some of your own posts because @m-sargon is autovoting you early. Looking at this post's payout, of $1.59, $1.34 went to you and only $0.25 to your curators. Essentially fifteen cents of curation were wiped out by the early vote, and you earned 84% of the value of the post rather than the normal 75%.

If you vote at 31 minutes and you're the first voter, the author gets 0.045 and 0.015 goes into the curation pool. (If you're the only voter you'll then get 0.015 worth of SP when the post pays out.)

But every vote before 30 minutes changes the calculation. You can see why I want to make this simpler. In my proposal the author would always get 0.06 on an immediate vote and 0.045 on a late vote.

Okay, that makes a bit more sense. You would think they would be able to just say and give the author 75% of all votes, who cares about time, and the curators. 25% to split among themselves. I guess they feel it needs to be complicated, to hide all the work arounds behind the code. Like the guy who figured out how to take all the partial pennies from banks and lending institutions and deposit them in a savings account and get rich.

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