It's always great to come across posts that shed some light into the dark recesses of algorithms without any technical jargon. Personal experience, in my opinion, goes a long way in trumping theories. Your understanding is well presented and appreciated.

Some of my posts The Underbelly Of The Whale, My Steem Engine (Miner) Experience, Minnows In Whales Clothing, The Emotional Roller Coaster of Investing and The Power Of Minnows
Hive account@steempool Turning Minnows Into Whales
steemit.chat user masterinvestor.