I suspect it has a lot to do with being able to vote with a percentage weight. Before if a whale liked your comment it was an all or nothing choice. Now they can upvote for 1-5% and still give the recognition/thumbs up, without the huge reward.
I've added the chart with average weight and number of votes on comments daily. It seems that the main driver of reduction in comment payouts is falling number of votes with weight being a secondary factor. I'll post up a chart with whale votes daily breakdown and we'll know for sure soon.
edit:
The whale vote avg weights and number of votes suggest that payouts have been decreasing due to whales decreased engagement with comments.
My speculation would be that the reason for the dramatic payout fall is an increased importance of curation bots that don't target comments, only posts.
I think you are right. More and more whales are turning over their votes to curation guild bots,which target posts. When they do that they not only don't vote on comments, but they don't even use the site any more. I would guess that engagement by whales is significantly down.
No... wait... the "curation guilds" were the last and ultimate savior of Steem!
At least that is what I heard the last time the founders of Steem had a clear genuine thought of their own ...like 2 mo. ago.
The whales had the percentage slider choice way before the rest of us did. They didn't back in like July, but they were still voting nicely on comments after they got the slider. Though the payout for comments did seem to drop when they gave that slider to almost everyone.
Maybe people aren't upvoting comments so that they can vote on more blog posts? I will upvote comments. But I only use a small percentage of my vote. I use full power for blog posts.
A very small minority of users upvote enough posts/comments to deplete voting power to the level when it makes sense to "save" it and reduce voting power for comments.
Too bad. They need to take care of the Steemians below them who are struggling to make money like myself. The way the pay structure is set up the upper class do not have incentive to help the new bloggers.
Thanks! Well, the only explanation is that whales and dolphins stopped upvoting comments.
I suspect it has a lot to do with being able to vote with a percentage weight. Before if a whale liked your comment it was an all or nothing choice. Now they can upvote for 1-5% and still give the recognition/thumbs up, without the huge reward.
That's a reasonable hypothesis @timcliff.
I've added the chart with average weight and number of votes on comments daily. It seems that the main driver of reduction in comment payouts is falling number of votes with weight being a secondary factor. I'll post up a chart with whale votes daily breakdown and we'll know for sure soon.
edit:
The whale vote avg weights and number of votes suggest that payouts have been decreasing due to whales decreased engagement with comments.
My speculation would be that the reason for the dramatic payout fall is an increased importance of curation bots that don't target comments, only posts.
I think you are right. More and more whales are turning over their votes to curation guild bots,which target posts. When they do that they not only don't vote on comments, but they don't even use the site any more. I would guess that engagement by whales is significantly down.
I've heard that once official curation guilds are built into the system, some people are thinking of creating one that only votes on comments :)
No... wait... the "curation guilds" were the last and ultimate savior of Steem!
At least that is what I heard the last time the founders of Steem had a clear genuine thought of their own ...like 2 mo. ago.
The whales had the percentage slider choice way before the rest of us did. They didn't back in like July, but they were still voting nicely on comments after they got the slider. Though the payout for comments did seem to drop when they gave that slider to almost everyone.
Maybe people aren't upvoting comments so that they can vote on more blog posts? I will upvote comments. But I only use a small percentage of my vote. I use full power for blog posts.
A very small minority of users upvote enough posts/comments to deplete voting power to the level when it makes sense to "save" it and reduce voting power for comments.
Too bad. They need to take care of the Steemians below them who are struggling to make money like myself. The way the pay structure is set up the upper class do not have incentive to help the new bloggers.