RE: The Curation system needs to incentivise "Genuine Content Mining" - Be honest - Are you Upvoting... or BETTING?
Incentivise genuine content mining by giving a higher ratio of curation rewards when the author has made less than X in their X most recent posts
This essentially exists. The penalty for voting within minutes 0-30 along with the advantage for voting first means competition to vote first on posts which are obvious winners will pay very little curation reward.
To pay a high curation reward the post has to get to nearly the end of the 30 minutes without any heavy voting. That only happens when the author and/or subject of the post make it unclear whether it will earn a high reward or not.
In the end, the best rewards go to people who find high payout posts which were not obvious to everyone else. This will be an even stronger effect once more people understand the system and the competition gets tougher i.e. what you call genuine content mining.
Hey @smooth
Glad you found this post, thanks for taking the time to respond. That's a great point about the 30 minute thing, and indeed, it's a very elegant solution. Unfortunately though it hasn't been effective enough just yet from what I can see. People are still incentivised to camp out on "sure shots" and choose their moment to strike, regardless of the content, again betting, not appreciating. Do you think the current system is adequate? If not, I'd be really interested to hear your suggestions.
I think the 30 minute penalty will become more and more effective as the system becomes more competitive. You will only be able to get significant curation rewards by finding non-obvious good content. Dan's posts are already almost entirely worthless from a curation-rewards perspective and as both human and bot voters get smarter, more and more of the "sure shots" will fall into that same category.
I didn't realise the penalty goes to the author. That's kinda cool.
Nice, thanks for clearing that up. What does happen to the penalized amount of the curation award @smooth ? Does it go to the parent author or is it simply not paid out ? Let's hope this system really becomes more effective, at the moment it seems its worth to take a penalty for some posts because you still get better curation rewards than with voting on posts which most likely will not be discovered by someone with a little bit more power. Btw...Does the curation reward grow after that 30minutes ? I mean would you get a bigger reward for finding a post after 10h which wasn't trending but suddenly starts trending after my vote than when i vote for it after 30mins directly ?
The penalty goes to the author. This rewards authors who are getting votes based on their reputation. The curation reward doesn't grow after 30 minutes; from that point forward, the full reward is available.