RE: Witness introduction 🤬 Witness-Vorstellung - ENG/GER

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Witness introduction 🤬 Witness-Vorstellung - ENG/GER

in witness •  2 years ago 

I have been teaching @outofthematrix this also... everybody needs to know, especially minnows! This is not just for people with large stakes. Because your growth is severely stunted if you don't do this... you'll always be a minnow. #letsgrowblurt

As you know, Blurt differs from traditional blog sites in that micropayments of cryptocurrency are used to incentivize high quality content. Every vote you make costs you a fee, generates a payout for the recipient, and makes the content more visible/viral. Voting is our main power on this blockchain (posts, comments, and muting are the others), so voting properly is vital.

The size of your vote is determined by 2 variables. You want your vote as high as possible, so you want these variables as high as possible:

  • how much BLURT Power you have
  • your Voting Power (the popup shows your current Voting Power % before you finalize each vote)

You already know how to get more BP.... power up your BLURT. Buy more and earn more, then power up. The more money you have invested in the platform, the more powerful you are and the more you count. (Like it or not that's how it works.) They don't call it "powering up" for nothing!

As for getting higher Voting Power, it's free, you just have to wait. It increases at a rate of 20% per day (just under 1% per hour). Each full vote (if you give 100% of your vote) costs 2% of your Voting Power. It takes 2.4 hours for your Voting Power to recover after giving a full vote. So if you're at 100% Voting Power, and you give somebody a full upvote, you'll then be at 98%. You can vote again right away, going down to 96%, or you can pause a couple hours and let your Power recover. There's some strategy involved.

If you're at 100%, all of your upvote counts toward the payout. But if you're at 90%, only 90% of your upvote will count, and the other 10% is lost (burned/deleted). If you're at 50%, you're throwing away half of all your upvotes. And so on. The other day when I talked to @outofthematrix about it, he was wasting almost his entire vote! Hopefully he has recovered to nearly full by now, through abstaining (or only giving out fractions of a full vote).

Once your Voting Power gets back to 100%, it can't get any higher, so at that point you do need to find something to vote on. In an ideal world, you'd vote exactly at 99.99% Voting Power every time, but obviously we can't do that, so just do your best. I try and keep mine about 90% at all times.

When I'm at 100%, if I give out full votes, they're worth about 20 BLURT each. That's because I have 241k BP. You have about 75k, so once you're at full Power your full votes will be about 6 BLURT (15 cents). That means you can give out 1.5 USD every day. And rising. How fast that rises depends on how efficient you are with curation, among other things. Even at your level, not throwing away your votes is a good idea! You (and those around you on the blockchain) will grow faster that way.

Votes are a kind of "moral support" too, you're definitely right.

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Very good run down of how things work with the voting. I try to keep mine above 80% but it's a challenge.

  ·  2 years ago  ·  

You're well connected here, now... you have lots of friends and know a lot of people already. So I imagine you have plenty of good content to choose from, and it's tough to keep yourself Powerful! At least you understand the importance, though. It's always a struggle : )

Rock'n half a million BP doesn't hurt either! hahaha, you have an impressive stash yourself. Blurt at 10 cents, really puts us in the driver seat here....how about at a dollar. I can be the new markyskidmark of Blurt lol

  ·  2 years ago  ·  

Yeah, but how are you going to financially bully and terrorize anyone here, without a rep score or downvoting? ;)
You're too decent a person to be like that anyhow... or so I've been led to believe... hmmmm lol

hahaha I set myself up for that one. lol the Markster is on fire lately. I think he's spending more time on Blurt than Hive these days. lol

That should have been a post mate!!!! 😂 What I understood is that if my voting power is at 50%, the other half is going into the garbage can.... 👍🏽

  ·  2 years ago  ·  

Yes.
It's confusing because your Voting Power can drop to 50% (like yours has, because you voted on everything you agreed with)... but you can also give 50% (or any other percentage). They are different. When your Voting Power is down, you're throwing money away. But when you give 50% of an upvote, you're not burning the other half, you're just holding it back.
So if my votes are worth 40 cents each right now, and I'm at full Power, I could give somebody a full 40 cent upvote, or I could give two people a 20 cent half (50%) upvote. In both cases my Voting Power would be reduced to 98%.
Low Voting Power is very bad.
Giving a low percentage/portion of a full vote is fine. Sometimes I do 50% for comments that are good but not exceptional. Sometimes 25% for smaller comments. Nothing is being wasted when you do that. Although, keep in mind there's a fee for each vote, so if you're doing really small upvotes (like 1%) then the upvote is going to be worth less than it costs to do. Small 1% upvotes are okay on Hive for everyone, but on Blurt they're probably only best for people with 100k+ BP.
Main thing is KEEP YOUR VOTING POWER AS CLOSE TO 100% AS YOU CAN! Always!
#letsgrowblurt #iambaked #soooohungry

Yeah it rly should be a post. I rly spent 5 years not really knowing it was that important lol

I’m still only on 42 percent I can’t vote anything for like two days 🤣🤣

😂😂😂😂😂

I used to like every comment 🤣

You also comment every comment luv.... 🙈🙊

69261078.jpg

Comment and upvote every reply 🤣😬

  ·  2 years ago  ·   (edited)

👍🏽😂 You are queen of comment👸

God it’s so hard not to like comments 🤣

He also says it’s not good to re blog much? I feel my whole blurt blog is being picked apart right now 🙈

Well Drutter has a lot of experience, BUT if you want to reblog something really bad... Just do it! (not Nike) 😜