Steemit Inc. and Misterdelegation – Distributing Power and Delegatee Ranking by paulag

View this thread on steempeak.com
· @paulag · (edited)
$94.23
Steemit Inc. and Misterdelegation – Distributing Power and Delegatee Ranking
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<p>A quick search on Steemit and you will find many posts and conversations on Steemit about the distribution of SP. &nbsp;Many people find that Steemit does not have a ‘fair’ distribution of power and wealth. &nbsp;</p>
<p>Are Steemit Inc addressing this issue and if so, how effective are their plans working.</p>
<p>Misterdelegation was set up in September 2017 and granted. &nbsp;The account currently owns 16,559,790.86 SP and delegates out 11,422,733.67 (shit that still leaves loads more to delegate…)</p>
<p>The delegations, see below shows the accounts that are in receipt of delegation from misterdelegation, the data the power was given or adjusted, the SP delegated and the value of the vote associated with the delegated SP</p>
<p>&nbsp;https://steemitimages.com/DQmf2ZD4Csw92YkT2oCjGWeADtvTZ6HBWtLvvpWP951Txce/3.png&nbsp;</p>
<p>If you have not yet noticed, these are apps or services built on the Steemit Blockchain. With SMT’s on the way, I am not surprised that Steemit Inc are supporting projects. &nbsp;But how effective are these accounts at spreading the rewards around the blockchain?</p>
<p>To find the answer to this question, I have taken data from Steemsql for the 1-14th February 2018</p>
<p>&nbsp;https://steemitimages.com/DQmUnL9UMa17EUAywd23Dr993weYBkX8XYbhGh4jJDL959P/4.png&nbsp;</p>
<p>Over the two week, @esteemapp has voted the most with 13842 votes, that’s 36% of all the votes given out by these accounts, however the average vote weight is only .55%. &nbsp;This equates to 4.15% of the payout value on all votes given by these accounts collectively. &nbsp;Of the power delegated by misterdelegation only 4.38% of this is with @esteemapp</p>
<p>Here are some of the authors rewarded by @esteemapp sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmS276v6Rpkd8Gkrz7j9JgZeZ5nK4wCqMv5VL7QpDsPhNE/5.png&nbsp;</p>
<p>@zappl, also with 4.38% of the delegation have voted 7007 times for 1540 different authors. &nbsp;The average weight used was 1.85% and this equates to 4.23% of the vote worth distributed to 14.68% of the authors</p>
<p>Here are some of the authors rewarded by @zappl sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmNkb5ShSGS7HxBvzXrNyvjxvw9wKXaxcVUHqAVwcyQ3ph/6.png</p>
<p>@mack-bot seems to be a flagging account, which I had never heard of before. (Shout out to @abh12345, could this be a bot to warn other bots?) &nbsp;With only .09% of the power delegated, it’s given out 11% of the votes, to only 103 accounts. &nbsp;</p>
<p>Here are some of the authors fagged by @mack-bot sorted by the total vote value received (vote worth)</p>
<p>&nbsp; https://steemitimages.com/DQmcDdPJFVxUuLyqze6ToPtAqGBgAzdvPaNvQHw1mX8mL9F/7.png&nbsp;</p>
<p>@utopian-io has 8.9% of the delegated power and have given out 18.28% of the votes to 9.51% of the authors reached. &nbsp;The average voting weight used is 3.15% and utopian have handed out 35K in rewards. &nbsp;That’s 13.2% of the total rewards given out by these accounts.</p>
<p>Here are some of the authors rewarded by @utopian-io sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmb29WwQy3UTTqzVHLD1f56RSf5rm5vWu61sJokUXGNsmt/9.png&nbsp;</p>
<p>@spaminator help keep steemit clean and downvotes spam. &nbsp;With 8.7% of the delegated Power they have down voted 338 authors with 1909 flags returning $14,403 to the rewards pool</p>
<p>https://steemitimages.com/DQmaWuyK7BDLZJfqVwczrfkDw7VEXmRJUTg8P1Gnco3qZDf/5.png</p>
<p>@dlive has the largest portion of the delegated power holding 18%. &nbsp;This 18% has been used to give rewards of over $97K, that’s almost 37% of rewards given. 1648 posts have been rewarded for 376 (3.5%) authors</p>
<p>Here are some of the authors rewarded by @dlive sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmRpQnvZnxBBTXCNVQCTrvQUkTUUuoFU4QHxiQommCf19s/10.png&nbsp;</p>
<p>@dsound has 8.6% of the delegation and has cast 3.7% of the votes for 3.25% of the authors. &nbsp;The average voting weight used was 7.9%</p>
<p>Here are some of the authors rewarded by @dsound sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmcWPReGdA92HC1F4z9mgJvwxWb91Mctc83CfX44ANoe6r/11.png&nbsp;</p>
<p>@steemcleaners with 13% of the delegated power as flagged 1209 accounts and returned $25.4K SBD to the rewards pool</p>
<p>https://steemitimages.com/DQmWJadk2NyT4eTDbVVWBG7Ji2NT9TPU7sgdtgX5dMwfX7i/12.png&nbsp;</p>
<p>@dtube has voted 1017 times (2.6%) for 4.24% of the authors. &nbsp;Holding 17.5% of the power they have given rewards of $73K SBD (27.27% of rewards)</p>
<p>Here are some of the authors rewarded by @dtube sorted by the total vote value received (vote worth)</p>
<p>&nbsp;https://steemitimages.com/DQmUDRQv8wr6x25RRyp2n3PqZouHb8PYHk4GCRaW213A3sg/13.png&nbsp;</p>
<p>&nbsp;@dmania holds 4% of the delegated power and has vote on 1.6% of the authors reached giving out 7.5% of the rewards</p>
<p>Here are some of the authors rewarded by @dmania sorted by the total vote value received (vote worth)</p>
<p>https://steemitimages.com/DQmRW2tANrBp23HKkfunyPPbHWYnRMVJbTF7p3Meu39bCFu/14.png&nbsp;</p>
<p>@sndbox also holds 4% of the delegated power but has given out over 9% of the rewards to 2.5% of the authors.</p>
<p>&nbsp; https://steemitimages.com/DQmd5UAnuLpF8F8zQywzjwb5YNAb9S1BLDWt5GEkK64CvQY/15.png&nbsp;&nbsp;</p>
<p>@busy.pay also hold 4% of the delegated power and has given out 0.29% of the rewards to 3.6% of the authors with a total of 545 votes at an average 0.97% weight.</p>
<p>https://steemitimages.com/DQmWJQNFpcGjYkBtYVc4BBsJkL7TJ4gq9YamQePVX1473mU/4.png&nbsp;</p>
<p>@trendings-grace and @binance-hot have not used their power for votes yet.</p>
<h2>SP Ratio Score and Delegatee Ranking</h2>
<p>With all of this data is it hard to establish which account is most effective with their delegated SP. &nbsp;So I have used this data to devise a scoring system.</p>
<p>The table below shows the % each accounts contributed to the group overall in terms of % SP, % rewards $, % of votes and % of authors.</p>
<p>From here (highlighted in pink) I have calculated some ratios against the % SP. &nbsp;Each of these ratios have been added together to provide a score from which I can rank the delegates. &nbsp;This is the SP ratio score.</p>
<p>https://steemitimages.com/DQmdhnFfEejoZFhrcUA8N8BwAUamD75SsBz6vyvjiKHEMKD/3.png&nbsp;</p>
<p>Congratulations to @mack-bot. Holding only .09% of the delegated power and having carried out 11% of the total number of votes (flags in this case) the %vote/%SP ratio is 129.58:1</p>
<p>In second place is @esteemapp scoring particularly well with the %author/%SP ratio and rather well in the other two.</p>
<h2>Conclusion</h2>
<p>It appears that Steemit Inc are making an attempt to address the issue of fair distribution by delegating SP via misterdelegation. &nbsp;However there is still a substantial amount of SP held by misterdelegation that is not yet delegated out.</p>
<p>So far this delegation has gone to development projects and keeping steemit clean. &nbsp;I understand that @ned would like to sponsor new APPs especially with the launch of SMTS. &nbsp;But why wait @ned? &nbsp;This delegation could be put to good use now and then taken back when there are new development projects you would like to help finance. &nbsp;So just go for it. &nbsp;This would be a massive step in helping the growth of Steemit. &nbsp;And there are two projects you might not be aware of. &nbsp;Once of which is @stellabelle @slothcorn project and the other project is @steempunknet from @jedigeiss and &nbsp;@dehenne</p>
<p>To the delegates – congratulation on the delegation and I hope that your app helps take STEEM to the moon. &nbsp;You can check back here weekly to keep an eye on your stats and score</p>
<p>As for the data – well when I finished the analysis I noticed one short coming. &nbsp;The level of activity on each of the apps will impact the number of votes given and the number of authors and could also have an effect on the rewards. &nbsp;So stay tuned because I will be looking at this data on a weekly basis and reporting back here and next time I will include activity.</p>
<p>&nbsp;I am part of a Blockchain Business Intelligence community. We all post under the tag <a href="https://steemit.com/trending/blockchainbi">#blockchainbi</a>. If you have an analysis you would like carried out on Steemit data, please do contact me or any of the <a href="https://steemit.com/trending/blockchainbi">#blockchainbi</a> team and we will do our best to help you...</p>
<p>You can find <a href="https://steemit.com/trending/blockchainbi">#blockchainbi</a> on discord <a href="https://discordapp.com/invite/JN7Yv7j">https://discordapp.com/invite/JN7Yv7j</a><br>
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👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 89 others
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vote details (153)
@missrdx ·
Good work,good post.
👍  
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vote details (1)
@syakiran.balya ·
Ini post yang sangat penting bagi pengguna steemit.
Namun terimakasih atas anda atas postingan ini.
Walaupun saya harus membaca lewat translit
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@shofie ·
Thanks you....  that Is important Information,  Good post
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@alokzoom ·
too many words to translate so I can understand. Hehehe..😁😁
but this is a post of interesting data for me to read.
I myself do not wear any of it. maybe i will try it. thank you for sharing.
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@muhammadjuanda ·
あなたのしごとはとても良いです。何度も読んだことがあります。
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@dehenne ·
$1.69
Paula, I'm missing the words. Thank you for mentioning and considering STEEMPUNK-NET. I feel really honored.

For people who don't know STEEMPUNK-NET (SPN) yet. SPN is a browser game started by @jedigeiss and me. It's kind of like the first MMORPG on steemit. The next release (Housing) is just around the corner
and STEEMPUNK-NET goes one step further and becomes a bigger browser game. Meanwhile we have a realy nice community and the first guild is just forming.

Thanks again for the mention!
👍  , , , ,
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vote details (5)
@mattclarke ·
@lordnigel
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@jjb777 ·
$0.04
What is spn? Can u drop me an introduction link or a steemit post with more info.
Thanks J
👍  
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vote details (1)
@dehenne ·
$0.11
Hi,

SPN = SteemPunkNet. Its a Browser Game as I have written above.
Most important links are:

- Chrome plugin: https://chrome.google.com/webstore/detail/steempunk-net/jifcnginffjgcdcklciiodhaffgfbaph
- Firefox addon: https://addons.mozilla.org/de/firefox/addon/steempunk-net/
- FAQ: https://www.steempunk.net/FAQ
- FAQ for BETA: https://www.steempunk.net/FAQ/Beta-FAQ
- Stats: https://www.steempunk.net/SPN/Stats 
- Fighters: https://www.steempunk.net/SPN/Fighters
- Stay up to date: - https://steemit.com/@steempunknet
- Get the newest battle stats: - https://steemit.com/@steempunksnet

@paulag i hope its ok tha i drop the links.
@jjb777 i hope it clears the most questions from you

:-)
👍  ,
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vote details (2)
@enjar ·
I was hoping one day there would be something like this. I had no idea till this post there was!  Looks interesting I’ll give it a try.
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@dehenne · (edited)
not quite half a year we are working on it in our spare time :-)
You are welcome in our discord chat. There's a lot of nice people there.
👍  
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vote details (1)
@crokkon ·
$0.10
Hi @paulag, @mack-bot is operated by patrice and related to steemcleaners. It is used to flag spammers, among them a few of our "common friends" that we were looking at a few months back. Patrice mentioned on discord in early January that there are around 17k accounts on @mack-bot's flag list.
👍  
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@paulag ·
$0.10
17K accounts -thats nuts, but a sign of how much work patrice has done
👍  
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@thornaci ·
Perfect analysis
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@bagindooo ·
Do you think these effort had accomplished its initial goals to create more justice in SP distribution? Where rhe ratio came from for each channel?
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@accelerator ·
$0.62
Resteemed by the MAP-AAKOM community and upvoted by @rycharde.

Always useful to read your analyses.
👍  ,
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@paulag ·
awesome thank you
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@livinguktaiwan · (edited)
$0.16
I wonder how many on Steemit doesn't do videos, music, memes, don't have the technical and translation capabilities to contribute to utopian, and aren't a member of sndbox?  Must be a lot more than just me .... Or maybe not 🤔
👍  , ,
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vote details (3)
@techslut ·
$0.11
This is some really great data. Thank you!

One of the things most apparent in this analysis (that you can probably submit to utopian, if you want - let me know and I'll check) is the fact that steemit is supporting apps and initiatives instead of community leaders. Which is not bad, but I would like to see a much longer list of delegations with small (but significant) delegations to community leaders, local steemit ambassadors and curation initiatives that are not curie (they're old and fat already).
👍  ,
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@paulag ·
$0.10
thanks for stopping by.  I purposely didn't submit this to Utopian as Utopian posts do not appear in search or hot/trending on steemit (not that this post hit hot or trending)

Yes steemit does seem to be supporting apps, and these apps are not owned by steemit inc.  I too would like to see a longer list of delegations to community leaders hence tagging ned in the post. I'm hoping someone will bring this to his attention.
👍  
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@techslut ·
>  Utopian posts do not appear in search or hot/trending on steemit 

Are you sure about that? How? I am really curious.

I tried to get someone to bring his attention to my post basically saying "hey ned, don't make us think mark zuckerberg is better than you". No idea if it worked. It's this post: https://steemit.com/facebook/@techslut/facebook-invests-millions-in-community-leaders-what-steemit-inc-should-learn-from-this
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@eurogee ·
Hello. Thanks for bringing this issue to the fore. Among all, I would say utopian-io is the most underutilized of them all. Always coming up with new unfavorable rules that makes it difficult for contributors to earn a dime! 

@elear must look into this

@eurogee
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@enjar ·
While I have heard of many of these projects I had no idea about steempunknet. I do enjoy games from time to time and it really looks like a fun way to increase interaction and some engagement on Steemit.

Thank you very much for bring it up. I am looking into it.
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@theblindsquirl ·
Amazing work @paulag!

This kind of forensic data collection, compilation and interpretation has the potential to drive huge improvements.

I only hope it doesn't fall on deaf, dumb and blind ears. ;-)

In any event, this kind of work deserves my $0.06 upvote.
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@vitality ·
$0.10
Paula, I always read your posts. Appreciate the work that you are doing! A very timely article.
👍  
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@rief ·
Nice post. Thanks for your information.
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@jedigeiss ·
Hey Paula,
thanks manyfold for the mention! A real nice evaluation you did here, there is a lot of useful information!
We will do our best to make Steempunknet more and more entertaining ;)
keep up the good work!
👍  
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@paulag ·
$0.16
you are most welcome
👍  
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@ravenruis ·
I can't claim to understand a lot of the analysis, but any mention of the steempunknet game in a positive way has support from me. :D

I know the development team works really, really hard on this project and is bringing us such a wonderful game to the blockchain; plus they are open to suggestions by enthusiastic players on ways to make the experience even more fun. :)
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@freebornangel · (edited)
$0.16
>Steemit Inc are making an attempt to address the issue of fair distribution by delegating SP via misterdelegation.

Delegating doesn't help minnows, it hurts them.

If the 75% of sp that doesn't vote did vote our votes would be worth even less than they are now.
More delegation by any large sp holder disadvantages every sp holder other than those favored by the delegation by making sp that would have otherwise been inactive, active.

If Ned wants to help the little guys he would hodl and let the dolphins chum the waters with $10 votes on the newbs, but instead we get rock star hero worship that is hurting retention.

Giving rewards to content that isn't 'good' harms the platform.
'Good' as defined by the whole ecosystem, not just those with favored status bestowed by those with the power to do so.

I've been stating this consistently since before delegation was a thing, when @curie was the worst of our 'favored status' worries, but nobody wants to hear it because the truth doesn't fit in with their worship of power.
Now we have to deal with dtube taking a haejin level of rewards from the pool in a daily basis with another ~20% of the reward pool going to the other 9 of the top 10 voters.
[source](https://steemit.com/steemit/@statsmonkey/biggest-upvoters-1722018---part-ii)

It is just a fact in the math.
No different than when the whale misbehavior with the n2 made it impossible for the minnows to matter in the math, at all. 
Now we get to matter in the math, but not as much as we would if the whales took a hands off approach, brought back the n2, and left distribution to the dolphins.

>To the delegates – congratulation on the delegation and I hope that your app helps take STEEM to the moon. 

Yeah, thanks for making it even harder for the newbs to make a buck on their content,...


(upvoted for visibility)
👍  
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vote details (1)
@lextenebris ·
$0.03
Unfortunately, by your argument – the less activity on the steem blockchain, the better for individual users.

Which is true, as far as it goes, but it doesn't go very far. After all, if we take your position to its logical conclusion, we can only accept that there should be only one vote given on the blockchain for any given period, and it should be yours. After all, that would put you in the position of deciding exactly who is "worthy" of receiving the contents of the reward pool, no?

That's what you want. If we take you at your word.

> 'Good' as defined by the whole ecosystem, not just those with favored status bestowed by those with the power to do so.

See, this is the problem. And by "the problem" what I mean is "your problem."

You make the assumption that the whales are not part of the ecosystem. You make the assumption that what they want is not something that you should support. You make the assumption that they work in concert, that this "favored status" is inherently negative, and that they are in direct opposition to "supporting the minnows."

That's a lot of assumptions. You know what happens when we make assumptions, right?

The crux of your argument is that you want to invalidate the stake of those who have the most stake, and somehow you expect them to then maintain that stake and not liquidate it, converting it into something which is actually useful to them. You know that's stupid, right?

You have to know that.

Not only does it fly in the face of human nature as observed empirically over the last 250,000 years, it's absolutely the opposite of what you imply that you want to support. After all, if you can invalidate the desires of someone else, why shouldn't they act directly in opposition to yours? Is that not complete fairness? Is that not exactly what you express in terms of putting your interests above anyone else's?

Before you get started, I don't think anyone here can call me "authoritarian." If anything, I'm probably the most individualist, libertarian, part-time data analyst, part-time role-playing game designer on the platform. I've spoken out, directly, about the decisions that individual whales have made, that Steemit Inc. have made and continue to make, and I've spent a fair amount of time recently face down in studying the transaction history of transfers on the steem blockchain.

So when I call you out as an authoritarian, jackbooted thug, I want you to know it comes from a place of love. Or at least not spite.

Listen, as one of the barely-minnow users of the platform, I would love to get more big, fat up-votes from big, juicy whales. I would love to have more money. I think we all would.

But you simply won't get it by keeping people out of the blockchain. You won't get it by telling serious investors that they shouldn't actually use the product they paid for, in the way that they see fit, completely within the rules-as-law.

No one would make that deal.

Let's take your analysis one step further. I've already pointed out that taken to the ultimate extreme, the reasonable response is to suggest that there only be one vote and it be yours. There's another half to that analysis.

There should only be one post and it has to be yours.

Every post that isn't yours, every post that you think is "unworthy," every post from someone that you don't think is sufficiently minnow enough – that's a post that someone else could like and up vote, for whatever reason they desire. Every post that you don't consider "worthy" is a post that's stealing from the reward pool, by your way of thinking.

I suppose the pool is closed; it's full of AIDS.

> Yeah, thanks for making it even harder for the newbs to make a buck on their content,...

Honestly, it's you that's making it harder for newbs to make a buck on their content. If you would just stop posting and commenting there would be a few less things for votes to be spread across and every newb that's not you would make just a little bit more. It might be infinitesimal, it might be just a little bit, but that's what you want, right?

In my ever likely to get a big, fat up-vote from @dlive? No, Hades no. I don't create that kind of content. If I did, it probably wouldn't be the kind of content to that they want to seriously promote. I'm a pretty niche creature.

But I don't begrudge them the right to do so. Nor do I begrudge Steemit Inc. the power of the vast amount of SP that they have sitting around in their account.

*(Filtered for accounts which have been active at some point during their life, they literally have more than 51% of the pooled SP in the whole blockchain. If we don't count accounts which were just powered up and never touched after that, and don't filter out what are obviously Steemit corporate accounts, the top nine SP holders on the blockchain hold more than 51% of the SP in total.*

*I ran the numbers. I know exactly what they are.)*

Your problem is that "the whole ecosystem" doesn't agree with you, the people who have a stake in the system in a very literal sense don't agree with who you think should be getting the up-votes. And if the system were pursued in a way that satisfied what you are demanding, it would lead to less posters, less activity, fewer people, fewer voters – less of everything and fewer of everyone.

But individual votes would be worth more!

Until all the investors liquidated their holdings to put them into something where they feel they can make a larger impact. Then the value of steem and SBD would crash even harder than January, and while individual posters would be getting "more SBD," each individual unit would be less valuable, worth less, possess less buying power.

Not only are you an authoritarian, jackbooted thug – the basics of economics elude you. Which I suppose I shouldn't be overly surprised by.

If you want to improve the lot of the minnow, figure out a way to get more investors to buy into the blockchain. Increase the overall value of the essential commodity by increasing its demand. And do so faster than the rate of growth of the population of the blockchain which is active in a given time period.

That's how to do what you say you want to do.

Go do that.

And if you can't do that, at least do something which doesn't sabotage everything which you claim to want to do. I think that's the very least we can expect of you.
👍  
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vote details (1)
@freebornangel ·
Oh, crap.
Ok, from the top.
I only got to the first sentence before your use of a strawman distracted me.
Anyway, here we go.

>the less activity on the steem blockchain, the better for individual users.

Not what I said.
What I said was that less sp voting is good for the small sp holders.
When an account with 5000mv votes those with .001mv are disadvantaged in the math.
If our goal is increased adoption that harms retention.

So, not less activity by the whole, just less activity by the .01%.

>That's what you want. If we take you at your word.

As that is not what I said, but what you wanted to hear me as saying for the sake of your argument, I'm just gonna leave that there,...

>See, this is the problem. And by "the problem" what I mean is "your problem."

Thanks for making this personal, it will destroy your credibility with anybody that values logic and reason over hype and cheap emotionalism.

>You make the assumption that the whales are not part of the ecosystem.

No, they profit most by chumming the waters and getting the little fish excited enough to sign their grandmother up and give her some steem to get going.
They are the ones that profit most when folks start parking their paychecks in steem prior to paying their bills through @blocktrades.

> You make the assumption that what they want is not something that you should support.

The only assumptions I see are in your argument.
Self-serving as they are.

>You know what happens when we make assumptions, right?

Well, clearly one of us doesn't.

>The crux of your argument is that you want to invalidate the stake of those who have the most stake, and somehow you expect them to then maintain that stake and not liquidate it, converting it into something which is actually useful to them.

No, that is the argument you wish I was making.
I am offering the whales an opportunity to have their stake grow exponentially by making more people excited to be here, rather than turned off by the circle jerks and treadmills.

Were they to liquidate their stake it could only be sold to a willing buyer, provided that buyer is not another whale, their selling would benefit the distribution, and thereby, the platform as a whole.

>. You know that's stupid, right?

Again, you are making yourself look bad to anybody that prefers logic to cheap emotionalism.

>Not only does it fly in the face of human nature as observed empirically over the last 250,000 years,

Man, I hope I don't have to start with the [yourlogicalfallacyis.com](https://yourlogicalfallacyis.com/black-or-white) quotes.

It has been known for more than 100 years that public opinion, 'human nature' as you call it, [is quite malleable](http://www.mcnuttphysics.com/uploads/2/3/6/9/23694535/engineering_of_consent-edward_l_bernays.pdf).

>why shouldn't they act directly in opposition to yours?

I fully expect that they will.
We will have to sell our solutions to a buying market.
Maybe the best one will prevail, maybe not.

>So when I call you out as an authoritarian, jackbooted thug, I want you to know it comes from a place of love. Or at least not spite.

Oh, that one made me chuckle outloud,...

Being able to discuss ideas without bashing each other's brains out is a sure sign of enlightenment.

Let's just see how authoritarian you ain't.
[This short essay](https://theanarchistlibrary.org/library/emma-goldman-there-is-no-communism-in-russia) demonstrates clearly how authoritarianism in charge of education has worked to dumb down the population.
Can I get an opinion on it?

Before we go farther let me state that had they had the answers ~80 years ago we would have been adopted by now.
I'm pretty sure I have those facets not available to them at that time, but that is for another day.

> I would love to get more big, fat up-votes from big, juicy whales.

Clearly, this is one of your misconceptions.
You don't understand the math.
Whale votes take from the minnows and give to those favored by the whales.
Were the whale not to vote our votes would be larger and distribution wider.
Instead of the folks I vote getting a few cents from me they might get a dollar.
It seems that you think giving hundreds/thousands of dollars to a few users is better for the ecosystem than giving $5 to thousands of users.
I think you are wrong.

>I would love to have more money. I think we all would.

I agree with that, I would love to see steem go to 100usd, but I don't think that the current climate at the top is conducive to that happening.

I'm not certain that this attitude isn't because we are not ready for the masses, yet, but I do know that plenty of newbs have left due to the distribution being skewed towards the sycophants/dupes/true beliebers of the top.

>But you simply won't get it by keeping people out of the blockchain.

Ah, laughing, again.
With 480k dead accounts you want to tell me that it is my ideas turning folks away?

>You won't get it by telling serious investors that they shouldn't actually use the product they paid for, in the way that they see fit, completely within the rules-as-law.

I agree with that, mostly, too.
It would be akin to telling the rothschilds that they have to give up their power.
Not gonna happen without a struggle.
At least not before a better platform exists making this one obsolete.

However, by adopting that attitude the whales lose the moral high ground.
They can't both sell the platform as a new paradigm and act in the same manner as the old paradigm.
To think that is [classic doublethink](http://www.mondopolitico.com/library/1984/1984.htm).

I have testimonies attributing the newbs' leaving to the fact that only whale favorites make any money.
I don't think that this comes as a surprise, to you or anybody else.

>Let's take your analysis one step further. I've already pointed out that taken to the ultimate extreme, the reasonable response is to suggest that there only be one vote and it be yours. 

Since that is not what I have said my position is, I will leave it there.

>Honestly, it's you that's making it harder for newbs to make a buck on their content.

Victim blame much?

>In my ever likely to get a big, fat up-vote from @dlive? No, Hades no. I don't create that kind of content. If I did, it probably wouldn't be the kind of content to that they want to seriously promote. I'm a pretty niche creature.

I'm in the same boat with you there.
@curie told me not to bother if I was gonna be 'controversial'.

I took that to mean that dissent would be shunned, and to this point, it has been.
Sure, some of the 'favored status' folks got votes on dissent, and me a couple too, but you won't see the problems of the platform on the trending page.
I think they took the active feed away because too much dissent was making to the top.

>Your problem is that "the whole ecosystem" doesn't agree with you,

Yep, it is.
This is why I keep making these 'squeaky wheel' posts/comments when I would rather be making them about crapitalism in the broader world instead of about the power structure of this platform where large numbers of the high powered accounts self identify as anarchist.

Dan had to leave because of the crapitalust crap that occurred in the background, I was here as it happened.

We got some of the best crapitalusts on the planet steering this ship, but more of the same is not going to change the broader world.

In fact, the masses will reject it as more of the same, as we can already see demonstrated in the dearth of user retention.
Most of those red fish, that weren't noganoo, et al, left because the reward to effort ratio was too high when compared to the favored accounts.

Not all bad, not everybody is cut out to make money here, but crippling if mass adoption is your goal.

>the people who have a stake in the system in a very literal sense don't agree with who you think should be getting the up-votes.

It's their throats that get cut the most if they end up holding the bag.
Makes this platform look more like a money grab than a viable alternative to the status quo.

> And if the system were pursued in a way that satisfied what you are demanding,

Perhaps we should take this opportunity to redress the misconceptions you put forth of my proposal?
Can you keep your posts a little shorter, I keep getting lost in the scrolling.
Perhaps stinc could get a us an expanding comment box coded up?
At least one bigger than 4 lines, eh?

> it would lead to less posters, less activity, fewer people, fewer voters – less of everything and fewer of everyone.

If I recall correctly user sign ups exploded when the smaller accounts stopped being crushed by the whales using the n2 to suck up all the rewards.

To be clear I preferred the whales acting responsibly, but the hardfork did improve the lot of the little guys, at least some.
Instead of our votes rounding down to 0, we, at least, move the needle on the ui.
Not near as much as we would've if the whales had been to made to stop sucking it all up, but at least some.

>Not only are you an authoritarian, jackbooted thug

See, this is not an effective debating technique if it is the truth you are seeking.
This is why those that value logic are losing respect for you.

You have mischaracterized me, sir, and I expect the morons/bootlickers/dupes of the power structure to cheer your attack, but those interested in finding the truth between our two positions are being turned off to the conversation by these ad hominem tactics.
https://yourlogicalfallacyis.com/ad-hominem
Lol, now my side is cheering,...

> Then the value of steem and SBD would crash even harder than January, 

You should have been here in Jan '17 when only the whales, and their sycophants, could get rewards, I'll let you find the price then just in case my memory has the recollection of .1usd wrong.

> the basics of economics elude you. Which I suppose I shouldn't be overly surprised by.

Perhaps you shouldn't get your economic theories from the people enslaving you?
https://theanarchistlibrary.org/library/the-anarchist-faq-editorial-collective-an-anarchist-faq-04-17

>If you want to improve the lot of the minnow, figure out a way to get more investors to buy into the blockchain

I don't think that large investors is where our success lies.
I think that our success lies in folks adopting steem as a currency, and that isn't going to happen if all the inflation goes to the top.
Not that it actually is, things are improving at an increasing pace.

But, it appears that way when you sign up for an account, starting with .5 steem, and see folks make hundreds of sbd day after day after day on low effort posts when they put their hearts into their posts and get no votes at all.

I used to follow /cashout and vote 0 payout posts, and shame folks for not doing the same, to the point that they eliminated the feed.

Don't kid yourself, @lextenebris, they know the truth of my words, even if you don't.
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@paulag ·
$0.13
thanks for for stopping by and this has been a very interesting conversation to read between your self @freebornangel and @lextenebris. Thank you both for adding to this post and discussion.

@freebornangel I would also like to challenge what you have said, in fact I have seen you say this before and I didnt challenge purely down to the rep difference at the time.

The value of a vote is not solely dependent on the rewards pool.  There are many factors in the formula, to which I have made my self familiar with.

Steemit at the moment has what 65K+ users a month.  The price of steem is 4.25 as I write this and the price of SBD is 5.16.  How many users before the price of steem is $100.  So yes I hope these app developers bring hundred and thousands of new users because like it or not, this will impact the price.

Now let me prove the math

here is the calculation for my current vote worth
![3.png](https://steemitimages.com/DQmNRJ9uvgKnqbUmdqPHMbTkCuLwRsMqQYtDEasbTrUptTW/3.png)

with all the same information but doubling the feed price - look at the change in my vote worth
![4.png](https://steemitimages.com/DQmcVniD7Ptfyavn1fDY96JQ1rScq7vc9Bt8g9WMZ5gYFqy/4.png)

If you wish i can share this spreadsheet with you and you can play around with the rewards pool drainage, but you will still find this can be offset with increases in the price of steem and sbd 

So lets go back to the call out for delegation.  Delegation = motivation.  I know this because I was in receipt of delegation in the past.  The more motivated users, the more they are willing to spread the word, the more people they will attract to steemit - its a snowball thing.  The more users the higher the price.

The other option, like I think you are suggesting involves slow growth on steemit many even stagnant. We all keep voting for each other like a nice big family and the payout be high.  Mean while the market will see no value in steem or sbd and the price does down till it becomes worthless.
👍  , ,
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vote details (3)
@lextenebris ·
$0.14
In a sense, it's a race.

Right now by using the platform we are betting that the rate at which steem increases in value will outpace the rate at which the number of votes that we are likely to get on any individual post will decrease in number or value. (Assuming that one's use of this platform is dependent on concern about how much physical reward they receive.)

If the number of users increases such that the dilution of the voting pool by more participants decreases the value of an individual vote faster than the value of a smaller amount of steem increases in worth, we've made a bad bet.

It's certainly possible that Steemit is a bad bet. I'm willing to entertain the idea. Certainly, the overall trend in the value of steem has been largely upward over the last year but like the rest of the cryptocurrency market, it's ludicrously unstable and prone to sudden changes based on actions and behaviors which are not in any way related to those of the investors and stakeholders.

That would be a rational concern to have. But, as you note, it's unrelated to the actions of a few whales in any real sense, because the activity of having significant growth by actual small users is equally dispersive.

And it comes with all the philosophical problems that I pointed out earlier regarding the assumption of authority to tell someone else what they can do with their stake.

Yes, delegation is motivation – one way or another. In some ways we are currently very lucky that there is so much stagnant SP on the blockchain. (That is, accounts which literally do nothing but sit on a pile of vests.) That is all SP which could express the will of the holder to direct the reward pool – which they have a right to do. Should even more of the top 200 become highly active, because of the rate of falloff in the owned vest pool, the actual ability of anyone outside that group to direct any significant portion of the rewards pool would be effectively nil.

I find that kind of interesting. More for the question of "why haven't they done it already?" than anything else.
👍  
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vote details (1)
@freebornangel ·
> I didnt challenge purely down to the rep difference at the time.

That hurts, PG, but I realize it is the high percentage shot on Steemit.
You will find that I am outside of most norms, not all, but certainly not prone to petty vindictiveness.

>If you wish i can share this spreadsheet with you

Thanks for the offer, if you turned it into a steemtool that would be great.
It would help the newbs to understand the math better.

>So lets go back to the call out for delegation. Delegation = motivation.

I think you miss my point.  
My point is when a large delegation is given to a favored account it disadvantages everybody else in the math.
This disfavors all not directly favored by the delegation.

Sure it excites everybody so favored, but so too would larger votes excite everybody else.
I don't know to what point this favor isn't diluted by the sheer numbers of users, does a whale vote impact the minnow vote enough to register as noticeable?
With 1k users it certainly does, but with 100k?, I don't know.

If the sum of voted sp equals 10k and a delegation then votes with 100k the votes of the others are shrunk in proportion, and the goal of distribution to more accounts is shrunk, as well.
This isn't near as bad as when the n2 multiplied it exponentially, but the basis is still the same.

Favoring X over Y in the math makes Y not want to play.

Stinc has been pretty egalitarian in their approach in that they don't want to favor folks in the code, but then they go out of their way to favor people with their personal stakes.
That is contradictory, ie, doublethink.

That said, I get wanting to prime the dapps' pumps.
What I don't like is the artificial and unsustainable nature of doing it.

I don't doubt that growth will be slowed by the folks not being given a false impression of what to expect, but I think retention will be higher if the reality is presented from the beginning.
While also not giving us a reputation for being bs.

If you could tell me what the impact of the whale experiment set at 80mv, 100mv, and 1000mv that would help me a lot.
The data I'm looking for is how the not voting in excess of those limits impacts the distribution of the pool.
Does restricting whale impact increase the breadth of accounts impacted?

I suspect, thought I don't have exact data, that allowing dolphins to deal with who gets what will spread the reward pool to more newbs.
It appears to me that concentrating rewards on those favored by the high powered accounts leads to a very, very low retention rate.
Whereas chumming the waters with $5 votes on thousands of minnows would get more folks excited than $1000 votes on dozens, imo.

If mass adoption is our goal we have to make the game appealing to more than just those whom the whales favor with gifts.

A year from now I think the impact of this will be less due to the inflation spreading the wealth.
5 years from now it should be non-issue, if I have the math right.
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@hulyaa ·
congras nice and interesting post very nice job paula
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@justyy ·
$3.86
thanks for the indepth analysis. so, I guess... I am the utopian king... ^_^
👍  , ,
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vote details (3)
@jaysermendez ·
$0.07
I will take your place soon :P
👍  
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vote details (1)
@paulag ·
ha ha love it
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@baktiarsejahtera ·
Like👍👍👍👍
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@tonni ·
Congratulations
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@achyarmunanda ·
good post paulag
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@tarazkp ·
Out of curiosity, out of the top earners at each project, how many are closely tied to the project itself? I see some names that also seem to be admins from the same apps.
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