Curation is the process that is employed to prefer "good" content over worthless content. Steem users are expected to upvote "good" content. The reward is that if you're an early upvoter of a post that later turns out to be very popular (i. e. it receives a high reward) you will receive part of the post's payout.
The algorithm that calculates the reward is pretty tricky and has a lot of parameters, like your voting power, the time when you vote, the number of voters who voted before you and their power, the number and power of votes coming after you, etc.
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Hmm.. does it not work when I simply upvote all new contents posted? Care to elaborate further and enlighten me?
If you simply upvote everything your voting power will go down to near zero.
The rewards intend to reward the work of selecting what is good.
hey and hi
simply curation is you proving your value to the steemit world.
firstly there are a lot of bots around and payouts occur at 50% to the author and 50% to the earliest curators over two time periods; the first 12 hours and the first 30 days.
your mission should you choose to accept it is to review new content; votes are degraded in less than the first 10 minutes and within 30 mins votes have the most effect...
the earliest decent votes gains the most curation reward dollars. however you only get 20 votes per 24 hours, so if you vote 25 times your votes degrade your rewards.
the trick is to find 20 topics within 10 minutes and 30 minutes that will likely become hot, trendy or go viral.
the stronger your voting history the stronger your SP and other rewards...
do a good solid job and you build up a stronger reward profile for yourself do a lackluster job and your perceived rewards become lackluster.
good luck and good timing out there...
So there is some kind of "winner-takes-all" effect for the trendy posts. You're gonna upvote what others already upvoted to gain money and ensure that the pay out is high, but it doesn't guarantee that the quality is there, just that there is some informational cascade
I see which means such system is flaw by nature. :(
Well, the limit of 20 votes per day and the decrease of gain based upon the number of previous voters reduce this effect. Maybe it can be completely fixed with the proper regulation, either it comes from the Steem or from the community, but yeah, right now, I think it's a bit flawed. Even without taking into account the voting power of whales who make post trendy just by the amount of money they can give.