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bbilgin (43)Hivebuzz level badge

170 followers237 posts56 following92 HP
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Muted UsersFollowed BlacklistsFollowed Muted Lists

steemit.com/steemit/@bbilgin/how-to-solve-the-reward-pool-abuse-problem-once-and-for-all Joined February 2018 Active 7 years ago

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  • bbilgin (43)in #steem • 7 years ago
    featured

    Steemit Crosses 800K Users! What Does That Really Mean?

    There's a sense of euphoria on Steemit about growing number of users. I don't want to be the Grinch of the party, but I'm not that enthusiastic about the growing user…
    $0.36
    • Past Payouts $0.36
    • - Author $0.28
    • - Curators $0.08
     7 12
  • bbilgin (43)in #steemit • 7 years ago
    featured

    Generate a Word Cloud and Sentiment Analysis for Your Steemit Account

    Yesterday, I came across two Steemit tools by @egmracer01. The first tool generates a word cloud for a given Steemit account. The word cloud that I generated for my Steemit…
    $0.27
    • Past Payouts $0.27
    • - Author $0.21
    • - Curators $0.06
     7 10
  • bbilgin (43)in #steem • 7 years ago
    featured

    Why Should an Investor Prefer Steem/Steem Power over Bitcoin?

    When I think about investing in an asset, I don't project possible profits in fiat money. Keeping my savings in fiat is a losing investment in the long term for sure.…
    $0.21
    • Past Payouts $0.21
    • - Author $0.17
    • - Curators $0.05
     5 5
  • bbilgin (43)in #steemit • 7 years ago
    featured

    Why Is It Idiotic to Abuse the Reward Pool of Steemit?

    Maybe you are looking at idiotic posts on the trending tab receiving hundreds of dollars in rewards and you are thinking that those people are making a royal income off…
    $0.38
    • Past Payouts $0.38
    • - Author $0.29
    • - Curators $0.09
     6 0
  • bbilgin (43)in #steemit • 7 years ago
    featured

    You've Got the Power, Steemit User!

    Today, it dawned on me that we, the Steemit users, have more power than we think. First of all, Steemit is implemented on blockchain. That means its data is open to everyone to…
    $0.24
    • Past Payouts $0.24
    • - Author $0.20
    • - Curators $0.04
     6 10
  • bbilgin (43)in #steemit • 7 years ago
    featured

    Thinking of Quitting Steemit?

    I guess I am not the only one who's thinking of quitting Steemit. I've been here for two weeks. I know it hasn't been that long and I have to give more time to Steemit to get…
    $0.29
    • Past Payouts $0.29
    • - Author $0.23
    • - Curators $0.06
     7 15
  • bbilgin (43)in #steemit • 7 years ago
    featured

    A Solution Proposal to the Reward Pool Abuse Problem on Steemit [Updated Version]

    $65 Million USD is paid to authors and curators in a year on Steemit. Some of us, including me, have suspicions that the content posted on Steemit in one year is not worth $65…
    $0.55
    • Past Payouts $0.55
    • - Author $0.43
    • - Curators $0.13
     8 10
  • bbilgin (43)in #steemit • 7 years ago
    featured

    10 Votes a Day Keep the Abuser Away!

    Or in Other Words: How to Prevent Your Steem Power from Being Abused hannahlouise123/pixabay It's not a secret that the reward pool for authors and curators is abused.…
    $0.18
    • Past Payouts $0.18
    • - Author $0.15
    • - Curators $0.04
     5 6
  • bbilgin (43)in #steemit • 7 years ago
    featured

    Can Steemit Survive Burning $65 Million USD in Author and Curator Rewards Every Year?

    Yes, you've read that right. Steemit pays $65 Million USD in rewards to authors and curators every year. Intellectual/pixabay Here is the math. The market cap of Steem…
    $0.33
    • Past Payouts $0.33
    • - Author $0.27
    • - Curators $0.06
     6 18
  • bbilgin (43)in #steemit • 7 years ago
    featured

    How to Solve the Reward Pool Abuse Problem Once and For All

    UPDATE Feb 21, 2018: I've published an updated version of this solution proposal taking into account the feedback I received: A Solution Proposal to the Reward Pool Abuse…
    $1.37
    • Past Payouts $1.37
    • - Author $1.10
    • - Curators $0.27
     29 41
  • bbilgin (43)in #steemit • 7 years ago
    featured

    Variable Inflation Rate Is the Solution to the Reward Pool Abuse Problem

    What Is the Reason for the Reward Pool Abuse Problem? UPDATE Feb 15, 2018: The diagnosis of the problem in this post was correct, but the solution wasn't. So, I published…
    $0.00
       1 1
    • bbilgin (43)in #steemit • 7 years ago
      featured

      Steemit Reward Pool Abuse, Myth or Fact?

      UPDATE: I published a new solution proposal to the reward pool abuse problem taking into account the feedback by @biophil below. Here is the proposal: Variable Inflation Rate…
      $0.94
      • Past Payouts $0.94
      • - Author $0.74
      • - Curators $0.19
       6 5
    • bbilgin (43)in #steemit • 7 years ago
      featured

      The Reward Pool Abuse on Steemit Can Be Eliminated with This Simple Tweak

      UPDATE Feb 14, 2018: The formula discussed in this post isn't used anymore in the reward distribution process. I have written another post about the current reward…
      $0.00
         1 1
      • bbilgin (43)in #steemit • 7 years ago
        featured

        The Alchemy of Steemit Will Be Its Doom

        UPDATE Feb 14, 2018: The formula discussed in this post isn't used anymore in the reward distribution process. I have written another post about the current reward…
        $0.02
        • Past Payouts $0.02
        • - Author $0.02
        • - Curators $0.00
         3 0
      • bbilgin (43)in #steemit • 7 years ago
        featured

        Is Steemit a Pyramid Scheme?

        UPDATE Feb 14, 2018: As explained below by @biophil, the formula discussed in this post isn't used anymore in the reward distribution process. I have written another post…
        $0.00
           3 12
        • bbilgin (43)in #steemit • 7 years ago
          featured

          What is the Potential of Steemit?

          The market caps of Facebook, Twitter, and Snapchat are $500+, $20+, and $20+ billion USD, respectively. Steemit has a better business model than all three.…
          $0.64
          • Past Payouts $0.64
          • - Author $0.51
          • - Curators $0.12
           5 0
        • bbilgin (43)in #investing • 7 years ago
          featured

          This is why I’m investing in Steem Power

          Someone just flagged my legitimate comment, because I flagged their spam comment. Now, I feel like buying even more Steem Power and starting a flag war. I’m not going to do…
          $0.18
          • Past Payouts $0.18
          • - Author $0.15
          • - Curators $0.03
           2 3
        • bbilgin (43)in #steemit • 7 years ago
          featured

          Steemit Feature Requests

          Filter posts according to the language. When registering ask me the languages I speak and then filter the posts that don’t match those languages. Make it a setting that I can…
          $0.18
          • Past Payouts $0.18
          • - Author $0.16
          • - Curators $0.03
           3 0
        • bbilgin (43)in #steem • 7 years ago
          featured

          Is there any reason why there isn’t a separate downvote button next to the upvote button?

          I know that there’s a flag button, but I’d use the flag button only for abusive content. I’d use the downvote button with the posts that I don’t agree with or that don’t provide…
          $0.06
          • Past Payouts $0.06
          • - Author $0.06
          • - Curators $0.00
           2 5