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RE: YAVAP - Yet Another Voting Algorithm Proposal - Or What I Actually Understand By Proof O Stake
You have some interesting ideas. However,I don't see the tip idea working,as this will be too costly for the minnows.It seems to me that this would result in a situation where most people can not afford curation.Or have I missed something?
The vote of a minnow allocates very, very little amounts from the reward pool, usually the third digit after the point, something like 0.001 USD. So 40 votes will take out from a minnow's account around 0.04/day.
Of course, one should make sure he or she can generate at least 0.04 USD/day in order to be profitable. Or 1.2 USD / month.
The good news is that potential winning doubles as well. Right now the daily reward pool sits at around $3,400/day (43,000 Steem * 0.08 USD/Steem). In the new scenario, the total amount of rewards will be $6,800 (the reward pool + the collateral of voters, or tip).
If the value of Steem gets back to what it was 2 months ago, namely $0.16, the numbers are:
Total: $13,760.
Interesting,this could work,but it's difficult from a psychological point of view.
You say that potential winning doubles as well,and I guess that means that people can still lose on this system.But I do agree that the idea is attractive. I hope you get more attention for this.
It doesn't double the potential winning, it doubles the size of the reward pool, because every Steem taken out from the pool is doubled with one Steem from the user wallet. We'll see how this plays out.