RE: Confirmed: Voting Power has no effect on Curation Rewards!

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Confirmed: Voting Power has no effect on Curation Rewards!

in blurt •  2 years ago 

lol 😄 - I just left you the comment on your previous post and now came across this one.

However, here I would like to emphasize another thing, the so-called dust.
I don't know how this is handled on BLURT blockchain, but keeping in mind that BLURT blockchain scrip is actually an adapted version of the HIVE blockchain script, I wouldn't be surprised that the dust "issue" actually exists here too.

So, what is dust, and what I'm actually talking about?!
From my point of view and understanding, on BLURT blockchain, it would be, if nothing, any and every amount of BLURT from the 4th decimal place on, as BLURT has only 3 decimals.

For instance, on the HIVE blockchain, the dust is every amount of HIVE lower than 0.030 HIVE.

What that actually means is the following.
When the total amount of earnings on the post or comment is lower than 0.030 HIVE on the payment day/time (7 days or 168 hours after it was published) that amount (0.029 and lower) would be dusted, and nobody would earn anything (neither author nor the curator).

As I said earlier, I don't know how this is set on BLURT blockchain, but if that part of the script has not been changed and just copied and pasted from HIVE (open source) script, taking care of it would be important.

It's not something that should concern you personally as you have enough PB (Blurt Power) that even if your VP *(Voting Power) is at 50% and you decide to give just 1% upvote, it would still be something above 0.250 BLURT.

But it's extremely important for new members and those with smaller BP (Blurt Power) accounts.
And when I say smaller accounts, I'm talking about those who have less than 500 or even 600 BP in stake on their accounts, as their 100% vote at 100% power is worth about 0.030 BLURT.

So, if such member whose (100%/100%) upvote is worth less than 0.030 BLURT upvotes someone else's comment (or post, although, with posts, it's less likely to happen), and that comment (or post) has not been upvoted by anyone else before neither after (to increase the total earning above the dust margin), that vote is going to be wasted, and that small earning dusted.

I hope I managed to explain this dust thing well enough?!


However, to conclude...

In my opinion, draining the Voting Power below 80%, the same as giving lower upvotes than 100% - it's not for everyone!
There are many factors involved in the equation that should be taken into consideration, and the result would be different for each of us depending on how big or small our accounts are in terms of BP (Blurt Power).

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  ·  2 years ago  ·  

It's never too late to learn! I had no idea about this, and in my opinion it is good to know these details that, by ignoring them, we miss the target of making our accounts grow efficiently.

  ·  2 years ago  ·  

There's no "dusting" on Blurt, Ray, so even extremely small rewards are paid out to the creator and curators : )
Ana-maria was thinking of a policy on Hive that was never implemented on Blurt.

  ·  2 years ago  ·  

I understood that, my dear friend. I just didn't know it and my voting power in Hive was microscopic because I had it delegated almost entirely. I've removed some delegations, and I'm reviewing my curation APR progress.

  ·  2 years ago  ·  

If you already knew that, why did you say "I had no idea about this" and "it's good to know these details"?
You could have told ana-maria that she was wrong, and explained to her why. But it's okay, I have done that now (see my detailed comment above).

  ·  2 years ago  ·  

I think I'm using the translator wrong.

I know there is no dust in Blurt, (I learned that from you) but I didn't know how it worked in Hive completely (it's what I didn't). Not only that, but I didn't know that "dusts" were lost in Hive.

  ·  2 years ago  ·  

I guess that's what they call payouts under $0.02 USD.... "dust"... on Steem and Hive they are put back into the reward pool. On Blurt they are paid out to the creator and curators : )

  ·  2 years ago  ·  

Hi ana-maria, thanks for your comment. However, Blurt does not "dust" rewards. All payouts, no matter how small, are awarded to the creator (50%) and curators (50%). Throwing away small payouts on Blurt would not make sense - or be possible - because we pay a fee for everything, including curation. Once a post or comment has any amount of pending rewards, unless all curators remove their votes, the payout will occur. We have no downvotes, and no "dusting" on Blurt. : )

I can demonstrate:

image.png

There's a comment of mine from 7 days ago, just before it paid out.

image.png

There it is AFTER it paid out, showing the same amount (0.29 BLURT for creator and 0.29 BLURT for curators).

image.png

At that exact moment, this 0.29 BLURT payment arrived in my wallet (25% in liquid BLURT and 75% in BP).

You're still right that smaller accounts are generally better off not running their VP way down, which is why my article says "Smaller curators (accounts with less BLURT powered up) should probably still aim to keep their VP fairly topped up, to keep fees as proportionally low as possible, and to avoid having to spend hours every day finding enough content to expend all their votes on."