RE: HOW DOES THE "REWARD-POOL" WORK ?

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HOW DOES THE "REWARD-POOL" WORK ?

in ethics •  2 years ago 

if FEWER PEOPLE VOTE, each vote is WORTH MORE

It is difficult for me to understand this part a bit, since reading what the same platform provides about the reward fund declares that: Such votes depend on the BP held and the vote weight used by each voter. It is thus not a question of who votes, but rather about how much each user votes.

https://blurtwallet.com/faq.html#What_is_the_reward_pool

So, it looks like my vote is only affected by the amount of BP I have and the weight I give to my vote. So... How can my vote be worth more than what I have invested in my account, regardless of whether one person votes or several? 🤔

On the other hand, the word STEAL seems to be a bit out of context, if I really understand what you wanted to explain in the answer to @baah here: https://blurtlatam.com/@logiczombie/rj8qyl.

It would be nice to have the opinion of @saboin and @practicalthought on this topic, which is very interesting to learn.


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  ·  2 years ago  ·  

the almighty "reward-pool" is comprised of 100% inflation

this "reward-pool" is distributed evenly by the number of votes made in a one week period

if only one person voted one time during a single week

100% of the reward pool would be funneled into that one vote

regardless of the blurt-power controlled by that single user

of course, more blurt-power means you have a larger vote payout

proportional to your blurt-power DIVIDED BY the number of total votes during that one week period


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

the almighty "reward-pool" is comprised of 100% inflation
this "reward-pool" is distributed evenly by the number of votes made in a one week period
if only one person voted one time during a single week
100% of the reward pool would be funneled into that one vote

Total bollox! Where do you get this from? obviously NOT from reading.
Try to understand first and then maybe make some valid points.

  ·  2 years ago  ·  

if fewer people vote

each vote is worth a larger percentage of the "reward-pool"

is this statement TRUE or FALSE ?


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

TRUE
not an insight - I've been explaining this every week for over a year.
BUT
FALSE if those non-voters power-down and stop voting entirely.

  ·  2 years ago  ·  

people with no blurt-power can't vote anyway

how is this any different ?


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  ·  2 years ago  ·  

What is "this"?

  ·  2 years ago  ·  

"this" is your example


Posted from https://blurtlatam.com

  ·  2 years ago  ·  

Your question proves to me that you didn't read those 3 articles! lmfao
If you had, you wouldn't have asked it.

  ·  2 years ago  ·  

you've done a phenomenal job of communicating your point of view


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👍

  ·  2 years ago  ·  

The way I understand it works is that the reward pool is determined by the amount of vests, and the rewards are then divided by the vests that votes, so you don't have a set limit as to how many rewards you can distribute since it's based on how much vests voted during that period. This is how years ago, the whales on steem stopped voting and downvoted other whales, in turn canceling their vote, and this made everyone's vote about 10x more.