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RE: Vote Diversification on LEO

in LeoFinance4 years ago

Hi @onealfa

I didn’t understand this post or charts,, the first time I read it. The significance was lost to me. But I persisted and read it again, and then read the Leofinance article and then a lightbulb lit up in my mind! I got it!

I think the true promise of DPOS, is using your stake, to distribute portions of the daily reward pool, at no cost to yourself, to reward those who produce good content for our community, thus truly rewarding behavior you wish to encourage. This principle is similar to the concept that a single candle can be used to light a thousand other candles, at no cost to itself.

This principle, now coupled with linearcuration on Leofinance, where it doesn’t matter when you vote and who you vote for, provides you with the same reward, means that members of our community with stake can diversify their votes to provide smaller percentages, amongst a larger number of authors, and earn the same amount they would by upvoting a larger percentage to a much smaller number of authors.

This behavior incentives both newcomers to stay and both enlarge our community, and improve the quality of content, by making it profitable to due what’s in the best interest of our community. And most likely increases the value of our token over time.

Leofinance may or may not be perfect, but I think it’s the best rendition of DPOS Proof of Brain so far, that I know of...

Looking at this article, I think I finally see the truth.

@shortsegments

Posted Using LeoFinance Beta