can you elaborate? The distribution chart is quite top heavy, so this issue wont go away by itself
It might well be the proposed formula can be improved by making it nonlinear, like effective SP = (SP upvoter - sqrt(SP author)), that would be a much softer effect and even upvoting @ned would be positive for the top 200 whales. And also the non-whales might need some sane limits.
I thought downvotes were to be used only for extreme cases and not for squelching terrible ideas. If all the whales downvoted everything they thought was a terrible idea, they would get a terrible reputation. I mean if the idea is so terrible, it would die on its own, right?
Does the distribution chart include the 'steemit' account? That isn't a real account at all in the sense that it doesn't post, doesn't vote, and isn't an actual person. It is part of the bootstrapping capital structure and distribution model of Steemit/Steem. Those coins are effectively 'undistributed', much like the portion of Bitcoin's supply that hasn't been mined yet. It really has nothing to do with aquatic life.
I dont think it does. the top 40 accounts look to be averaging about 2500 MV each so that totals 100,000 and steemit is ~250K, so with the rest of the aqualife adding to about 40%, that would mean all the <1000MV accounts total either ~60K MV or nearly 200K MV
can you elaborate? The distribution chart is quite top heavy, so this issue wont go away by itself
It might well be the proposed formula can be improved by making it nonlinear, like effective SP = (SP upvoter - sqrt(SP author)), that would be a much softer effect and even upvoting @ned would be positive for the top 200 whales. And also the non-whales might need some sane limits.
I thought downvotes were to be used only for extreme cases and not for squelching terrible ideas. If all the whales downvoted everything they thought was a terrible idea, they would get a terrible reputation. I mean if the idea is so terrible, it would die on its own, right?
Does the distribution chart include the 'steemit' account? That isn't a real account at all in the sense that it doesn't post, doesn't vote, and isn't an actual person. It is part of the bootstrapping capital structure and distribution model of Steemit/Steem. Those coins are effectively 'undistributed', much like the portion of Bitcoin's supply that hasn't been mined yet. It really has nothing to do with aquatic life.
EDIT: the steemit account is excluded
I dont think it does. the top 40 accounts look to be averaging about 2500 MV each so that totals 100,000 and steemit is ~250K, so with the rest of the aqualife adding to about 40%, that would mean all the <1000MV accounts total either ~60K MV or nearly 200K MV
I confirmed the steemit account is excluded.