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RE: Leofinance Leading The Way: The Secret Of Success

Communities with a lot of manual upvoting will not give the big payouts for posts like that.

We need to remember that most of social media is crap posting. People want to have fun. We must adjust the rewarding accordingly.

If a lot of attention is focused upon commenting, at least in terms of upvoting, that will alleviate the situation. It is very easy to see a shitpost comment and reward accordingly.

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Communities with a lot of manual upvoting will not give the big payouts for posts like that.

That's where LEO stands out and that's why I'm pouring tons of efforts into the platform, because it's different and it's in tune with my personal values.

Posted Using LeoFinance Beta

Good point. I have been trying to upvote good comments more lately than I have in the past. It might help if there was a better mechanic in place to reward engagement like that. I am not sure what it would be, but the dust threshold seems to remove a lot of reasonable votes.

Posted Using LeoFinance Beta

the dust threshold seems to remove a lot of reasonable votes.

On Hive it does. Small upvotes are discarded which is what people obviously get on comments. With LEO, that is not a problem since even small upvotes are paid out.

The community has to decide their own engagement which is based upon how each person votes. This is the freedom we all have. At least if it is a manual, some might think about things as opposed to bot voting.

Posted Using LeoFinance Beta

That is a good point for Leo. I didn't realize that. I don't feel bad about upvoting all of the stuff I have been lately then! Now I just need to keep staking my rewards so I can work my vote value up to something worthwhile!

Posted Using LeoFinance Beta

Now I just need to keep staking my rewards so I can work my vote value up to something worthwhile!

That is the best approach.

People need to realize (and tell others) of the compounding effect that takes place on here. The more LP one has, the greater the Vote value. This leads to a greater payout of LEO on the votes places which, of course, means more LEO.

It all just keeps adding up over time. This is crucial for people to understand. While it will not be necessarily quick, it does happen.

And by the way, focused effort over 1 year can make a huge difference.

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How small a vote is regarded as dust and is disgarded at HIVE? I never realised these where ignored.

More comments voting is a way to go. What about removing post voting completely? Just comment voting? Back in the days, Dan didnt like that idea, since he believes in gamification, and I also think in the necesary incetives for people to post. But I dont think so. Look at Twitter and the enormous amount of long form Tweets. Or the users at HIVE and LEO earning next to nothing, and still creating quality content. I wish we had a chance to test comment voting only. Thatd said, such chance can easily be created: just change the reward algo's for a month or two to comments only here on LEO :)