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RE: Downvote Pool Deep Dive

in #steem • 6 years ago

Can't wait to see the effect of separate downvote pool on our current trending list, perhaps people will think twice should they really be promoting their content to top spots. Finally the community can start efficiently curating, pushing good content up and bad content down, as we should've been able from the very start.

Thank you for making these posts by the way!

I wonder have you explored how many posts in trending 1-20 spots are promoted over a long period of time? And how much manual, active curation is happening compared to passive?

6 years ago in #steem by
100%
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      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      0.00 BPC
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        Reply Tribe-Mute1
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         6 years ago (edited)

        Good reasoning and good question.

        I can answer simply, all top 20 post are promoted. The important question is what's their cost in % and net $ after reward returns.

        The answer is; it takes currently a budget of 115$ worth of STEEM to promote a fresh post near the top with cost of about -5%. yes, negative cost, that's a 5% profit. Meaning anything less than a 5$ downvote has no negative effect whatsoever in people promoting bad content to the top.

        There are two solution to this.

        1. More downvotes where it matters first, (the top trendings)
        2. Remove all profits to vote buyers by making vote buying more easily accessible to everyone and letting people willing to pay a high premium do so.

        A lot of more external money would be interested in buying votes at high premium if the top #trendings were bigger center of attention.

        At @Steemium we've been collecting historical data of every bidbot bidding rounds and snapshots of top 50 trending for the last 7 months. Here are some charts that might interest you https://steemium.com/#/statistics/trending

        100%
          -100%

            Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

            • Disagreement on rewards
            • Fraud or plagiarism
            • Hate speech or trolling
            • Miscategorized content or spam

            Submit
            0.00 BPC
              4 votes
              Reply