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RE: Bid-Bots - Also Known As "Vote Buying". What does it mean for steem?

in #informationwar • 6 years ago

Here is the math, this explanation is flawed in that the whale cant have 100% of the pool if others are voting.
That may change the exact numbers, but not the fact that idle sp increases minnow vote values, and introducing more sp diminishes them.
https://steemit.com/utopian-io/@paulag/the-impact-of-unused-steempower-on-the-rewards-pool-blockchain-business-intelligence

6 years ago in #informationwar by
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     6 years ago (edited) 

    EDIT: This was intended towards @ura-soul's reference to @steemit so my comment below is not exactly relevant. I'll leave it for historical purposes.

    I don't know that @paulag's intention was to prove the problem but she did.

    So with only 1 full 100% vote a day from @steemit would reduce my vote worth by 1.54%

    If we update this to include 10 votes from @steemit the change in my daily vote worth can be seen below.

    15% is a substantial and noticeable different on a vote value. However this is assuming that @steemit only started voting now.

    That is her using @steemit as the example.

    First the bid-bots tend to be maximized so they can support as many votes as they can (more than 10 but trying to stay within the 10 @ 100% total range).

    That is one bid bot.

    There are many bid bots. There are also other automated bots.

    So the impact may SEEM small if you look at one and you decide 1.54% or 15% are insignificant.

    Then when you factor in more and more bidbots, then this begins to accelerate and get worse.

    This is what would be expected in looking at it in the long term.

    If only ONE account were doing this there likely wouldn't be as much of an attention to it.

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     6 years ago  

    If you are referring to my idea to use the @Steemit account. I think this can be mitigated by returning the vote payments into the reward pool - leaving no dilution:
    https://steemit.com/steem/@ura-soul/a-way-to-neutralise-bid-bots-on-steemit-steem-while-still-allowing-votes-to-be-bought

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     6 years ago  

    Just require declined rewards and the bots have no impact on the pool no matter how much their votes are stacked.

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       6 years ago  

      Ultimately 'requiring' implies force, whereas the elegant method of allowing votes to be bought in a way that bypasses the bot operators and which does not limit the rewards pool is a more balanced approach that requires no maintenance. how do you 'require' declined rewards in a practical way anyway?

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