RE: BLURT price charts and update on progress to 1 million BP

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BLURT price charts and update on progress to 1 million BP

in blurt •  2 years ago 

Sounds like you don't understand how it works, bro! The closer to 100%, the bigger your upvotes, and the bigger your curation reward. Always try to keep it between 90% and 99.99%!

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  ·  2 years ago  ·   (edited)

Then wear it down to 90%! You are at 99,3! Why are you renouncing curation rewards by not voting?!?

  ·  2 years ago  ·  

I fully understand both approaches; Maybe for a busy person, it would be easier to spend his quota of votes in one go and wait for the next day. Our friend @drutter has a lot of time on his hands, so he can easily cast a vote every two hours and his reward will always be higher.

I am happy to see that his dream is coming true and that he will reach the finish line much earlier than expected.

Nice comment! IMO he could dish out a few more upvotes WITHOUT damaging his votepower system...

  ·  2 years ago  ·  

Thank you for your answer, bro.

Usually, I go down to 90%, but when I'm busy all day or have to go on a trip, I go down to 80% or much lower :)

👍

  ·  2 years ago  ·  

As I said, the closer you are to 99.99%, the more rewards you are giving out, and the more rewards you are making for yourself. 99.3% is a badge of honour for a curator. 90% is a loss of efficiency of 10%. You are throwing away your money, bud!

The curation rewards coming in with 95% votes, that wouldn't be there if I hadn't voted, isn't throwing out money IMO...

  ·  2 years ago  ·  

Not really sure what you meant by that, Tom. Can you clarify?
My new post on timing curation properly here goes into great detail on this topic. To maximize curation rewards, which is what you are suggesting here that I do, we must vote with our VP as close to 100% as possible. "Run it down to 90%" is not good advice except when planning to be away from the computer for 12 hours.

So ctime is doing it wrong? He made about 2 million Blurtpower the last 4-6 months...

Screenshot_20230226_070642.jpg

  ·  2 years ago  ·  

Well, CTime would have made 3 million instead of 2 million, if that VP had been kept closer to 90%. For an example, if they let the VP get down even lower, their votes will be worth less and less... right down to zero. Same with their income from curation rewards. Another 30 full votes and they're at 0, and would be making nothing at all on Blurt despite having invested a lot here. So VP really matters.
It's a bot, and bots vote by algorithm instead of manually. If I was the controller of that bot, I might decrease the weight given to each post, to keep the VP higher. But I think CTime is owned by someone else (I don't know who), and that person may have other curation projects going on Blurt. In that case, the "lost" income caused by low VP on this account, would be made up by taking a larger portion of the rewards pool with their other curation account(s).
I notice that CTime delegates 100k BP to UpvU, which is kinda interesting.

Well, CTime would have made 3 million instead of 2 million

Very interesting! But if that is true, couldn't he easily tune his bot on that!?

  ·  2 years ago  ·  

Maybe I'm draining him? I seem to be able to get 95% votes, and I post just about every day, haha.
Taking tonight off though. I'm going to let him recharge a bit :P