Understanding the new rewarding curve…

(Pic from Gerd Altmann  in Pixabay)

I have been observing for a while how the new HF21/22 is affecting my Voting Power at steemworld… Actually, I have seen some weird numbers regarding the worth of the very same percentage of Voting Power produces depending on which post I am upvoting on…

For instance, a couple of hours ago I saw that one follower (@kokoliso) decided to upvote with the very same VOTING POWER on two of my posts written yesterday.

According to steemworld, the two actions were done at the same moment or at the same minute… @kokoliso upvoted me with the same voting weight, first on a post that was earning 1.01$ and then on a post that was earning $4.94

What is weird here is that seems that the effect on the post rewards was different. As you can see in the previous image, same Voting Power seems that produced $0.01 on the first and less rewarded post and $0.02 on the second that was more rewarded…

So, I have done the same action myself upvoting 2 posts of equal earned amounts applying the same voting weight:

As expected here, 35% of my maximum Voting weight produced the same effect on two posts of equal earned value…The value of my upvote on both of them is worth $0.02 (Curation: 0.048 SP)

But what happens in case I use the same voting weight on an already high rewarded post?

Simply my upvote impact on the post is double in this case, $0.04 for the same 35% Weight Upvote !!! (Curation: 0.058 SP)


And why is it possible?

It is possible because the famous new rewarding curve which has a chart similar to the following:

If you use STEEMNOW from @penguinpablo you can find another useful tool to understand this point. There you can get the following chart:

Essentially, in that tool you can play with the MIN and MAX SP values, by default it shows the rewarding curve depending on the accumulated shares produced by the upvoters , so, for instance, if your post is voted 100% weight by one only account with 80000 SP, or the equivalem sum of upvotes with smaller SP, the chart will be the following:

In grey is drafted the old rewarding curve, in blue the new rewarding curve…

As you can see 80000 SP voting at 100% would worth $1.061 in the old curve and $0.955 in the current rewarding curve… 80K SP vote is still losing rewards…

How much should worth the post to be upvoted in order to be profitable for the upvoter without losing or, even better, getting further more than the expected linear rewarding voting system?

The post starts to be “profitable” starting if the sum of SP of the upvoters reaches 150K SP or, at the current STEEM internal price around $1.98 as you can see below…

From that value of $1.99, your UPVOTE IS WORTH HIGHER and so, it also multiplies the author and curation rewards of upvoters…

This image has an empty alt attribute; its file name is image-9.png

I think this example demonstrates who is winning now, Big Stakers, some shy Bid-Bot users and a few succeed authors…

Now the question is… How do we solve the problem of becoming visible in order to be considered a good author to support?

Should they buy 150000 STEEM and power up?

Should they buy Bid-Bot upvotes?

I frankly do not know… I am happy with the downvote effect over abusers and also glad with the Steem Proposal System and 50/50 author and curators rewards… But this rewarding curve is really too aggressive…

@toofasteddie

High Quality Content or an advertisement tabloid?

I am watching the trending page at steemit…

Hey, we managed to fire out all of those bid-bod abusers!!!

That’s really great!

More steem returning to the reward pool to be used on high quality posts!!!

But wait, is it what I see now what we all expect as a high quality content?

From top to bottom:

This is what I see now at the trending page…

Huge eSteem iOS 2.2 update now available to Apple users , Ok, great, I am very happy with this new and I am using it unstoppably since yesterday…thanks @esteem !

Compact Broadcast Node: Low Cost Infrastructure to support Keychain, Splinterlands, Steem Engine  , excellent for… developers?

Bitcoin Prediction – Price TARGET Discussed | Cryptocurrency Technical Analysis | Week 1,  , Not bad this video about trading… I like it…perhaps a little bit overpaid I would say

Can a non-technical, non commercial project be supported on Steem? The Steem ecoVillage  … Great! More Ideas, more developments… I love the message about “Create An Off-Grid Community Based on the Gift Economy!”… I will read it carefully when I will have some spare part…

The Bismuth Governance Shift, Part 2 … what the heck is…?! buuff…too much for me, sorry, no opinion here…

The First Blockchain Shooting Game is Here! … this is funny, a good idea of an ETH blockchain-based game … the good thing here is that the author burned some SBD to be on the trending page in order to promote this post and decided to refuse rewards, which is intelligent under the point of view of an advertisement use-case…

BISMUTH CHESS 960 Tournament – Friday, 6th 19:00 UTC … another advertisement about a Chess tournament… just a few lines…poor content in… I would say it is also overpaid due to bid-bots use…

Congratulations to the Winner of the Steem Fest ticket sponsored by Blocktrades and Steem  … 90 USD to announce the winner of the steem Fest ticket sponsored by blocktrades… buufff, is this high quality? This is an example of…?

OCD Content Creator Onboarding Program (Apply here) … same here?

BUZZi Top Creator / Top Posts Rewards Event… 89 STU


Advertisement, rear advertisement rear advertisement…. 8 out of the 10 top trending posts are advertisements… I had to scroll down a few times in order to see something interesting and attractive, opinion posts, steem related topics… not bad, not bad…

Today I did not find anything downvotable on top of the trending page but either I have not seen anything remarkable under what I expect to be considered as a High Quality content on top…

If a newby/investor comes and tries to check in TRENDING what do you think he will do after? … I might be wrong but I think that most likely he will close the tab and open the bloody FACEBOOK again…

Fortunately I have my own “feed” and the tribes, in particular, STEEMLEO and SPORTSTALK and, sometimes also PHOTOSTREEM and LIFESTYLE… there I can find the topics I like more and, if I am lazy I can enjoy some nice pics and provide some BEER tokens to the people I engage with…

Yes man, I am able to consider one PIC a high quality content post if I like it and it invites me to interact with the creator.

We don’t only need Master Degree steemians for any speciality to post on the steem and share ideas, opinions, feelings, find solutions, help and ask for help… For me, besides the content, QUALITY means also ENGAGEMENT and I am not sure that now this property is better promoted…

Perhaps, we have to find another TRENDING filter now… one for creators and another for advertisers…

@toofasteddie

Source of the Image:

“Tabloid April13 | Supermarket” by Bibi De Carli is licensed under CC BY-NC-ND 4.0 

Probably the most important new about crypto I have read lately.

Ahhhhh, what an amazing country!

Just one week ago that I came back from a holiday trip at Portugal, mostly at Algarve and Lisbon area.

Chatting with my wife we both agreed that Portugal had surprised us in many aspects…

There we found an exemplary country in my opinion, excellent gastronomy, beautiful and clean beaches, preserved nature, modern and efficient infrastructure, healthy industry…

It gave us the impression that the country is emerging from the European economic crisis in a more efficient way than the rest of the southern countries …


… and not only at the traditional levels of the economy….

The Portugal Tax Authority has a very clear approach regarding BITCOIN and CRYPTOCURRENCIES:

“Cryptocurrency trading and payments in Portugal are exempted from tax”

Read the Authority Rule here (Portuguese language) and a more synthetic new here .

Do you think Spain and the rest of European countries will learn from Portugal’s Example?


@toofasteddie