Here is a mathematical look at the implication of HF 19. Let me preface this with I do not fully understand every detail steem but I do understand math fairly well. So let’s talk about the change in the voting in math terms
- The Red line is F(x)= x^2 (Old model)
- The Blue line is linear, F(x) = x (HF 19)
- The purple line is what I propose could make everyone happy, F(x) = x^1.2
It is still early to say but that what makes this fun. So we all have seen firsthand the initial ups and downs of HF 19. All those posts falling to the left of the intersecting point have moved from the much lower red to the blue which made profits a lot large. This can be seen by the increase in value of old posts. But now any votes right of that intersection point don’t have the huge exponential growth. So far the concerns have been that with the old model the little guys don’t much voting power and then on the HF 19 side there is less incentive to build masses of votes to get much higher rewards.
We will have to see how this play out to knows if its good or bad but in the meantime my thought are this. Why not have the best of both world (the purple line) lower votes have more power but there is still reward for lots of vote, thus encouraged voting. It would not have to be exactly 1.2 but maybe something along those lines.
Let me know what you think, Agree/ Disagree?
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I was a bit lost in the mass of information about it. Now it's a bit clearer, if it's right. Thank you for the share. =)
no problem, some times a picture is worth a 1000 words
Your model seems a lot better too..
Thanks! I think the problem is they never realized how much of a change it would cause. It'll be interesting to see at the next update which path is taken from here
There is still incentive to build massive Steem Power, it's just not exponential like before. It's linear, and it no longer creates this top-heavy situation in voting power. Like I showed in my post you earlier commented on, the ~18% annual return on just one post and self-upvote per day is nothing to sneeze at in investing terms. If you can keep piling more and more money into that model without any diminishing returns and the risks are simply proportional, that's still huge. As a retail investor, there was no way to touch those kinds of returns until now either. I think eventually almost everyone involved will be happy about the effects of HF19.
Question, are you quoting something communicated by Steemit Inc. with the above formulas or are they just examples of exponential and linear functions used to illustrate a point? I haven't seen anything showing the actual formula used to calculate voting. If so, could you point us to a link showing their communication?
I just wondering how is this related to #monochromemonday?
Its not , i use the app esteem and it left the tags from my perivous post. and u cant change the first tag :(
Ah... i thought it's something to do with some template.
So, in a way it is.
Yes, first tag is a problem.
Even on PC, they seem to save the Reward type selection from the last one which can be a problem.