Hello Steemians, I’m "ANUP SHUKLA", Senior Blockchain Engineer at Steemit and these days i need to try and do a additionaltechnical deep dive in to the projecteddownvote pool within the steem EIP
One of the core tenants of Steem is that the belief within the knowledge of the gang to rector and reward sensiblecontent. the present economic model limits each account's ability to earn by a resource referred to as "voting mana". Whenever your vote, whether or not it's associate degree upvote, downvote, or dynamicalyour vote, a number of this vote mana is employed up. once it's all gone, your votes now not impact rewards.
Of these 3 actions, just one of them rewards the user, upvoting. Neither dynamical your vote nor downvoting willreward you. It then is smart that if you avariciously optimize your come back on investment, you'd solely upvote content as downvoting it'd be a waste of your precious vote mana.
However, downvoting is associate degreeintegral piece of the curation method. a perfect answer would incentivize downvoting with rewards, however we'venonetheless to return up with an answerthat's honest and not exploitable. within the in the meantime, we tend to believe permitting users to own some downvotes while not overwhelming their vote mana could be a affordable answer. whereas it doesn't incentivize curating through downvotes, it removes the direct value of downvoting, that ought to createdownvoting a additional economically viable choice.
What we tend to propose to try and do is to make a separate downvote pool {that will|which will|that may} contain its own mana up to some share of the mana that the upvote pool can contain. Downvotes are taken from the downvote pool 1st, and so the upvote pool once the downvote pool has been consumed. The downvote pool can follow a similar rules because theupvote pool, create over 5 days and filling instantly and proportionately to new Steem Power and delegations.
We think having a downvote pool that's10-25% the scale of the vote mana pool would function an honest start line. the great thanks to think about this can be that a precise variety of downvotes ar free before you're charged for downvoting. Charged solely within the sense that you simply ar losing potential rewards you mayhave gotten from upvoting. That varietyhas to be high enough to create a distinction, however not too high that it becomes exploitable.
The obvious various answer is to own 2entirely separate pools for upvotes and downvotes. we tend to believe this can bea foul plan as a result of it'd permit the reward system to devolve into a zero addgame while not consequence. everyaccount may award and take awayassociate degree equal variety of reward shares to content. If everybody did this, then no content would have any reward shares and would then not get any reward.
Furthermore, there ar users out there that perceive this variation is adding resources for them to use and can use no matterresources they need out there. A downvote against somebody else could be a littleupvote for everybody else. we tend toexpect some users can use all their downvotes to maximise their returns. In an attempt to curb that behavior, we tend toar recommending to not produce a full separate pool.
This hybrid approach captures the most effective of each approaches. It doesn'toffer too several further resources to users that may use/abuse all that we tend tooffer them and frees up traditional users which will not be downvoting to try and dothus while not money penalty.
Let American state understand if you have got any queries within the comments section below, or if there's another side of the blockchain that I ought to explore next.
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