The Underbelly Of The Whale

in whales •  2 years ago

Whale List

Yesterday I wound up on the SteemWhales site to see where I was on that list. Just kidding. I was simply curious. There are 35 newly minted millionaires and many 6 figure potential millionaires. We can identify many of these people.

Curation Rewards

I clicked on a few of those entries to see what kind of posts had garnered them such wealth and influence. One of those millionaires was firstclass @firstclass. He/she/bot has earned over 20 million curation rewards yet hadn't blogged, posted or replied to anything. There are several of these anomalies.

If you look at the firstclass wallet you'll see that they received large amounts of steem power from other accounts. That ability to transfer steem power is not an option on my steemit.com wallet so I assume it's done with the cli_wallet.

Curious

So I am curious. Are these bots? Is there a lot of money to be made in curation?

If anyone has any insights, first hand knowledge or maybe a good theory then please fill me in.

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Captain Ahab , "a coin to the mate who spots the Great white Whale

I recon the secret will be kept safe:) curation rewards are the key I imagine, knowing how to properly vote is why they do so well maybe.

I've noticed that when I curate too much then my voting power drops below a 100%. This indicates that these heavy contribution earning accounts start off with 100% voting power. If it drops below 100% they can create a new account and fund it.

Anyone know whether the posting, replying and curation algorithms are open source?

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That article's outdated, the numbers have been tweaked since then.

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After reading the 6 part explanation on voting I have come to the conclusion that I stick to reading content I like, upvote sparingly and keep investing in / earning steem power.