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RE: Why linear rewards in HF19 won't solve SteemIt's main problems
Curation reward is a reverse auction that give the full 25% reward after 30 min, So the optimal time to vote is 30 min, enough time to go through most of the posts.
I'll look into your article, Thanks
Nope, if you vote too late a large percentage of the curation rewards are already gone. I believe 75% of the curation rewards go to the first 6 people or something and 99% of the curation rewards go to the first 40. Many posts have 10, 20 or 30 votes within a few minutes.
That's not what I understood of it. Would you mind checking ?
@transisto I wrote a huge article about curation rewards to finally clear up all confusion about curation rewards for everyone. It's a long read but it's a complicated concept :)
There are 2 mechanisms working at the same time. 1 of them is the reversed-auction you mentioned, which means that the first 1800 seconds after publication every second your potential curation reward grows by 1/1800th.
The second mechanism i mentioned makes sure that not everyone can just wait for 30 minutes to get maximum rewards.
I'm 99% certain this is the current implementation. If you have any proof to the contrary i would love to see it :)
summoning @pfunk @timcliff