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RE: [witness update] @blueorgy: hard name to forget... easy name to vote for!
'Decline payout' is a mystery to many of us newbies. What does it actually do? How beneficial? Does it give a boost to the post? You see, these are the things that we need to know - and are not explained in the FAQs. If you ask here, under question, or newbie, or something similar, what you get are a lot of robotic upvotes, and no answers. You have to go to a FaceBook group and ask there. THAT is a major problem. But THAT is what I has happened to me.
Agreed! Help us understand wth is happening with these technical details. I see the upvote amount strike through, but does that mean I waste my upvote or what?
Decline Payout is simple: The post rewards remain part of the rewards pool, which gets distributed to all of the other active posts. When UpVoting a Declined Payout post like this one means that you have used your Voting Power to help gain visibility to the post but have not rewarded it nor will you receive curation rewards. You have essentially giving that to the rest of the pool therefor helping everyone else out just a little bit.
With the BOTS, there are what they are BOTS, and when replied to could have notifications set up so that a person could actually respond but most of those are juts created solely for profit. Otherwise maybe some would decline payout themselves ;)
Thanks for the answer. Just one clarification needed. Does using decline payout increase visibility of the post over the visibility that one has accepting payout? Or does it change nothing at all as far as visibility goes? There should be some benefit to using it, other than not taking from the rewards pool, or people won't use it.
I always assume the Decline Payout was collected from the rewards pool like any other payment, but instead of sent to the author it was just sent to @null, essentially burning the amount and thus making the supply less (increasing the price of demand).
I may be wrong on that part.