Having your account follow the trail of another curator. This way, combined voting power on a certain category. Win win for both sides
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Having your account follow the trail of another curator. This way, combined voting power on a certain category. Win win for both sides
This is great. It will help people to get more rewards for their posts.
Not quite... it's a loose win for SP owners over 50% of the average pool voting power. The voting power is socialized but the rewards are kept individual. That means if sally joins with 9 SP and john joins with 1 SP, the average SP assigned to each voter is 5 SP. Sally and John both vote with 5 SP. If Sally votes on something and reaps lots of curation rewards, the rewards are not spread to the rest of the group... only to Sally.
I was thinking of a voting block . Kinda the same. Sounds good for minnows like me.
That's just the case with voting in general, right? That has nothing to do with this application. It's baked into the incentive structure of voting.
I wasn't speaking about voting in general... I am really sorry for all the confusion. I am talking about the key word voting guilds. These are a new blockchain object that allows accounts to socialize their voting power.
I don't understand how you are commenting on the structure of something that doesn't afaik exist. Are these formulas written up somewhere?
I am simply commenting what Ned said about the matter. I am pretty sure this is how he claimed it was going to be implemented. The idea being the @steemit account join a voting guild and everyone gets an equal proportion of steemit's voting power.
where is this info? would like to read it. thanks
To clearify,
I wasn't speaking about voting in general... I am really sorry for all the confusion. I am talking about the key word voting guilds. These are a new blockchain object that allows accounts to socialize their voting power.
its cool. i havent seen anything laying that out specifically, only the term put out there. will make for great discussion.
@picokernel thats not accurate. Your scenario is lacking information to have any support. If jon and sally were the only voters, the reward would be close to voting weight represented by SP. Time of vote would also need to be adjusted for.
Throw in 3-4 more voters all with 1 SP each, vote placement and time will determine how much of the reward each will get. You will see the reward spread, especially if sally is last in the voting chain.
Obviously as voting trails grow, management will need to be implemented to allow for rewards to spread to all voters. I can only speak for data gathered for a 100 member trail. This has been my experience.
I am strictly discussing "voting guilds" as proposed by Ned, not the current voting system.
Actually you are discussing voting. The voting guilds are what we call trails aka delegate voting and im just clarifying rewards as they relate to voting guilds/trails.
Its the same stuff. As @smooth pointed out, there are no formulas published explaining this. Im just offering what i have seen in my voting experience.
Edit: Wanted to add that Im not aware of info Ned has put out outlining the guilds. Would love to read it, need a link to post outlining proposal. thanks
Yeah... voting guilds are a specific new thing that will be coming out after graphene 2.0. It's not trailing votes or anything like that. Everybody jumps into a voting pool, and everybody in the voting guild/pool gets the average of that pool's Steem power. It's not something that exists currently. If one person votes on something, it doesn't vote on anyone's account except that person's. More detail will come out soon, you didn't miss anything ;)
Ok, so let me get this straight. so many comments offering different views.
So guilds will average out the members SP and give everyone an equal slice of Steemit pie?
So if you have low SP and are in a guild it benefits you because your average will go up BUT if you ave higher SP you may get less because your SP is lowered by the averaging?
BUT it wont matter because you will be getting more rewards for voting as a block/guild following certain authors?
Is that correct?