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RE: Why I'm In Favor Of Witness Vote Decay

in #busy6 years ago

Don't be too disconcerted, most probably haven't seen the post yet. It's also been heavily discussed not too long ago in @ura-soul 's post, so they may have already expressed their opinion there.

Like @timcliff, I'd prefer one of the other methods like a "measurement of activity" to determine "aliveness" or votes just periodically needing to be renewed within some period of time versus outright vote-decay. Vote decay as a particular method for addressing this issue seems a bit "strange" to me and I think it would be unexpected behavior for many Steem users.

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Gradual vote decay would have significant performance impact. The blockchain would need to reconsider the age of every single individual vote to recalculate the totals.

Don't be too disconcerted, most probably haven't seen the post yet

Why would we see it? Because he bidbotted it up? I think I will decline to respond at all specifically for that reason.

@teamsteem, if you want me to pay attention to your "Trending" posts don't bidbot them. As long as you do don't expect engagement from me but I'll be happy to engage by downvoting them.

I'll ask you to please not downvote my posts specifically. I don't see this as warranted. I haven't asked anyone to answer. People that wanted to answer have answered. Me stating my concerns is a neutral expression of how I feel and in no way a form of denigration of anyone or their actions. Everyone is entitled to their own reflections. I haven't disrespected anyone.

I think the witness should care about the trending page and should keep tab on it thus why I think they should have seen it.

I'll ask you to please not downvote my posts specifically

Noted.

I don't see this as warranted

I disagree. I see them as grossly overrewarded. If you hadn't bidbotted them up to the tune of hundreds of STEEM and they gained their votes organically them maybe they wouldn't be.

I think the witness should care about the trending page and should keep tab on it

I would be more likely to do so if people including you didn't buy their way onto it. As things stand now the voting system is severely broken and the Trending page is near-meaningless.

the voting system is severely broken and the Trending page is near-meaningless.

We agree but I still feel witnesses need to keep a tab on it.

I disagree. I see them as grossly overrewarded.

Many time no profit is generated from the bidbot. It's a zero-sum game many times.

It's also not very intuitive to use them and know how much $ total we bought and how much organic we'll receive. Ironically buying votes will very often discourage people to vote on a post because they feel it's too rewarded or because it didn't generate its views organically. It's a catch 22.

I used to post once a week working 20-30 hours on a post and even more and would still get flags sometimes even if I wouldn't buy votes as it didn't exist. I wasn't acting the way I was acting for the money back then and I'm still not. If I was back then, I would have split my gigantic post into smaller posts and would have made more money for the exact same amount of work.

I get your point and I'm not here to attract negative energy between the 2 of us or anyone. I'll obviously try to be more careful. I respect your choice and opinion. It's not about the $ that you're returning to the pool even though it's not negligible. There's more important to me, like how people perceive me and how I feel about myself from the way I act.

It's a zero-sum game many times

It isn't zero sum at all. Any rewards that flow out to your post aren't available to go to other posts, potentially more worthwhile ones (at least relative to payout amount). The $600 going to each of your posts could fund 1200 newbie posts at $0.50 each potentially encouraging thousands of new users to stay on the platform.

What games you play on the side with buying votes and such is your business and not relevant to the above.

It's a zero sum game for me. I put in 100$, I receive 100$ in upvote. That's what I meant. If I'm not buying the votes others are most of the time as they can just pick up the last bid and make them profitable.

It's a zero sum game for me. I put in 100$, I receive 100$ in upvote

That's not my concern. If the reward pool is not going to good use, that is my concern. Your side deals are your own business.

It's a type of vote decay with x time and 100% decay. Both have their plus and minus. I prefer gradual vote decay.

Edit: Is that the post you're talking about because if so you're the only top witness who commented there?

https://steempeak.com/steem/@ura-soul/the-most-voted-witness-in-the-last-3-and-6-months-this-is-what-witness-vote-expiry-decay-would-look-like-kinda

Yes, as I recall, only @blocktrades and @timcliff commented on this publicly from the top 20. In reality more than a few of the top 20 literally never post on the blockchain at all.

IIRC, he posted several related posts, so I'm probably thinking of another one. There's also been discussions in slack, etc, so it's easy for me to get mixed up when I heard what, but I think most witnesses are familiar with the concepts from previous discussions.

I expect some kind of change will be made to address the potential for voters dying or losing keys at some point, but my guess is that it's not on the immediate radar for change (I'm not even sure yet that the curation changes are, and those are a pretty pressing concern, IMO).