Post
Topic
Board Altcoin Discussion
Re: Steem pyramid scheme revealed
by
iamnotback
on 21/11/2016, 18:53:43 UTC
@iamnotback or @smooth

Why do curation rewards percentage decreases when people upvote a post before the 30 min mark?  Most curation rewards on the platform are below 5% of the total payouts per post...no wonder why there is only bots curating...

It is done to allow humans time to read the posts, otherwise only bots would curate.

Initially it didn't matter. So within 1-2-5 seconds bots had upvoted everything they deemed OK to vote. Humans were disadvantaged.

An artificial delay was introduced where if you vote too early, you lose some of your curation reward.

It goes like 3% per minute. If you vote in the first minute you keep only 3% of the curation reward that you'd normally have. If you vote in the fifteenth minute you get 50%. If you vote in the 29th minute you get 97% and after 30 minutes, curation reward is at 100%.

Btw, curation is alive and well for humans.

You appear to be not factoring the fact that curation rewards decline the later one votes after the initial 30 minutes due to the desire to award curators who initially find the good content.

Also I think he may be asking if/why aggregate curation rewards decline as the percentage of total rewards paid on a blog post?

Personally I don't get a fuck about analyzing curation rewards because rewards via voting can never be a paradigm that will work. For this reason, Steem (and any copying of my ideas @smooth may be doing there at busy.org) can't ever succeed. F.U.B.A.R. clusterfuck incoming...