Basically it means that if a post receives 2x as strong votes as another post, it will generate 4x the rewards.
Meaning that if a lot of stakeholders agreed on a post, it would get a major share from the rewardpool. This would change the curation game and make looking for good content on Steemit actually worthwhile.
Can you imagine if the top ten posts on the trending page were getting rewarded even more based on Vote Weight?
I get the point you are making about self-voting, but I don't think I could go back to getting pennies and watching that shit show of a trending page being even more highly rewarded while everyone else gets less.
N^2 was the original formula for all votes. It meant that votes of whales counted exponentially more than votes of minnows. Simplified example: 1 Steem Power = 1 vote, 100 SP = 10,000 votes, 1,000 SP = 1,000,000 votes etc. Today, your voting power is equal to the amount of Steem Power you have.
I don't agree that going back and making most users powerless is a good solution.
Is that part of the old Curation-reward Formula?
I'm only here since a month or so ..
What will be the difference?
Basically it means that if a post receives 2x as strong votes as another post, it will generate 4x the rewards.
Meaning that if a lot of stakeholders agreed on a post, it would get a major share from the rewardpool. This would change the curation game and make looking for good content on Steemit actually worthwhile.
I don't understand. The number of votes doesn't count in Steem. Do you want the change the rules so that the number of votes will count?
There's a theory that the whales were better at curation than a mass audience, but you can't just pretend that everyone had a say in the n^2 system.
I did not mean number of votes, but their strength.
I want the rewards-formula changed back.
That does not mean I want only whales to curate.
Can you imagine if the top ten posts on the trending page were getting rewarded even more based on Vote Weight?
I get the point you are making about self-voting, but I don't think I could go back to getting pennies and watching that shit show of a trending page being even more highly rewarded while everyone else gets less.
I got this reply a lot so I made a post about it:
https://steemit.com/non-linear/@felixxx/why-n-2
This sure as hell does sound like the way it should be ... why did we change that again..
t.
N^2 was the original formula for all votes. It meant that votes of whales counted exponentially more than votes of minnows. Simplified example: 1 Steem Power = 1 vote, 100 SP = 10,000 votes, 1,000 SP = 1,000,000 votes etc. Today, your voting power is equal to the amount of Steem Power you have.
I don't agree that going back and making most users powerless is a good solution.
That's not what I am proposing.