RE: Using TrufflePig for potential abuse detection - Human curation needed - Multiple $1,000s in rewards at stake
penny4thoughts is an account I set up with an experimental script In order to encourage and reward genuine discussions. If someone sends beneficiary rewards from their post to penny4thoughts, then it distributes the liquid portion to any commenters who get a 100% upvote from the author. Here's a description of how it's supposed to work, from a previous comment:
For #penny4thoughts, the idea is an attempt to encourage more engagement in posts and especially in comments. It works by setting a beneficiary on the post. I normally set 36% (18% liquid and 18% powered up), but it can be any percentage - higher or lower. If a post sets a beneficiary for @penny4thoughts, here's what is supposed to happen.
1.) @penny4thoughts votes for the post
2.) At payout time, the selected percentage of author rewards get sent from the blockchain to @penny4thoughts.
3.) @penny4thoughts checks for replies that received 100% upvotes from the post's author.
4.) If there were no comments that received 100% upvotes from the post's author, the liquid rewards get sent back to the author.
5.) If there were comments that received 100% upvotes, the liquid rewards get split evenly and sent to all comment-authors who received upvotes.
6.) The non-liquid portion of the rewards stays mostly powered up, and @penny4thoughts votes with my curation bot to support other Steem content-creators.
7.) The @penny4thoughts account will continue powering down at a low rate (currently 5% APR), conceivably to fund operations and enhancements at some point in the future..In addition to setting @penny4thoughts as a beneficiary, I also set a tag to #penny4thoughts to make the posts easy to find, but that's not required to trigger reward sharing.
At present, it's probably not very scalable, but you're welcome to try it out and let me know if you run into any troubles using it.
I already understood, if I configure the reward of my publication and I want 30% to go to pennythoughts, the bot will send that 30% to the users who participated with their comment in my publication, the reward will depend on what percentage of vote I give to the comment .
When I have more followers and my blog is more active I will use it without a doubt.
Close, but if you were to send 30% to penny4thoughts as a beneficiary setting, only the liquid portion of that would go to commenters because the other portion is powered up as SP and cannot be transferred. With current high SBD prices, it is pretty close to 30% going out, but if SBDs were worth a dollar, it would only be 15%.
Also, as the author, only commenters who receive your 100% upvote would get included in the reward sharing.
I understand. But I have a doubt, if penny4thoughts turns off its SP to reward when it makes the change from steem to SBD it would not be losing money. As you say, the price of the SBD is around 7.5 steem for each SBD.
Because I was seeing the reward of your publication that was 10 steem and taking account penny4thoughts distributed 5,488 SBD which is equivalent to 47.55 steem and according to the average reward for 10 steem in the publication is 4 SBD and as 5 SP I think mathematically that he is losing money.