Stake-weighted payout delay

in #steem • 9 years ago

How does stake-weighted payout delay exactly work?

Is this right:

  1. If one vote is cast, the payout is after 24h
  2. If within 24h another vote is cast, the payout is delayed 24h * vote2 / ( vote1 + vote2 ), where voteN is the weight of the vote
  3. If votes continue to be cast, the payout delay is adjusted to 24h * weightOfLastVOte / sumOfWeightsOfAllVotes each time
  4. The payout happens when no votes are cast within the last delay.
  5. Voting can continue, but it starts from 0
9 years ago in #steem by
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     9 years ago (edited)

    The equation is:

    PayoutTime = SumOf((TimeOfVote[x]+24h) * weight[x]) / SumOf(weight[x])
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     9 years ago 

    That leaves some things unclear. What is the unit of time and does x refer to the last vote?

    I'm wondering how it actually behaves. Does it mean the bigger the total score the smaller the delay added by each additional vote?

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       9 years ago 

      TimeOfVote and weight are arrays where the index, x, is the vote. SumOf means iterate over all values of x from 0 to the number of votes.

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         9 years ago 

        I guess I got it wrong. That wouldn't work. After 24 votes there would only be 1h time to get a new delay.

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