RE: Why linear rewards in HF19 won't solve SteemIt's main problems
Steem is not based at all on user having free money or more power than the amount of SP they hold. If it was the case it would always end up being abused by sybil attacks.
There is absolutely no problem with quantity over quality when the UIs can manage large amount of content efficiently.
Your title point out Steemit's problem,,, Steemit problem are steemit problem HF19 is about Steem.
Steem problem is that steemit is confused with steem and that it's UI can't handle a lot more than a trending page with a few page of links.
Linear reward is key to allowing smaller niche communities to not be as diluted by one large trending page.
I don't understand what you mean by curating out of fear ... I like to think that I curate as rationally as I can and don't feel threaten not doing so or doing it wrong.
What is your solution ?
First things first: SteemIt is the first application running on the STEEM blockchain. Linear rewards have everything to do with SteemIt so of course HF19 is about SteemIt, even though it's being implemented on the STEEM blockchain indeed.
With curating out of fear i mean that people are forced to vote as early as possible (while ideally taking into account how fast the rewards are growing on that post). They are scared of missing out and many times they have no time to even read the first line of content before they have to vote.
I have described one possible solution in my referenced article at the very beginning of this article. I personally think it would solve so many problems already. In the end i just want SteemIt to be a fair environment for 100% of the users.
If you still have any concerns, let me know.
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
There could be a 5 - 10 minute timer that gives people time to read it so the vote at end gets counted to when 1st opened Doesn't the fear come from having to upvote straight away? Needs to be some space to concentrate.