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RE: What flags really are
I still think their flagging lowers rewards for minnows because the share of the whole their rshares represents is lowered by increasing the pool of voted rshares.
It's a ploy to keep rewards at the top, imo.
I'm not sure I follow. Who are you referring to when you say "...their flagging...", @ngc and @fulltimegeek?
I'm also fuzzy on the represented rshares vs voted rshares you mention. Care to elaborate?
Whenever a whale votes, up or down, everybody else loses money.
It's just a fact of the math.
"It's just a fact of the math."
I wish I knew more of the math.
Steem really does have a pretty complicated system, or at least it seems so to me. With some 5 different currencies, a few transferable, others kinda-sorta transferable, others not transferable and all with different issuance schedules, scarcities and value you have to manage on top of the whole social task it gets to be a lot of moving parts.
There's still a lot I haven't quite wrapped my mind around yet. One of them is 'voting power'. I've wanted to put bars in my UI for RC and voting power, and a I did add one for RC already. Resource Credits was fairly straight forward, I found the max and current levels and it worked out nicely. I can't find anything on the backend that talks about voting power by that name, and I don't really get how it relates to rshares or how it works with different vote weights. Some UIs show a bar for both though, so I'm sure it's nothing too terribly arcane.
Complicated can be okay though. Space telescopes are pretty complicated, and they work quite well to my appraisal.
Take a look at what @aggroed put out about his newest bot, it will show you the various things that can be changed on the blockchain.
I wish I was set up to learn the math better, too.
Flying by the seat of my pants leads to errors, but not always.
Most of what I know I got from older hands back when they cared.
The memory hole is eating away at them.
That was from before I knew the difference between steem and Steemit,...