Crypto Academy Week 6 Homework Post for [@sapwood]


Hi everyone and welcome to my homework post for week 6. The lecture was delivered by Professor @sapwood that is an outstanding lecturer. I am honored to be part of this lecture.

Topic #1.

Self-voting is not restricted on steem blockchain. However, it is not deemed to be good practice. An author can never judge his content wrong. As the curation is the way to put the good content on trending list, so when any content is curated, it means it is being valued in terms of good content or bad content. Good content get upvote while harmful content is down-voted by the curators. So when anybody upvote his own content, he will never be in good position to judge his own content. When other readers judge the content as good and give upvote to content, it helps in getting content in trending view. If a user has self-voted his own post and no other person has curated the content, then self-upvote has no significant impact on post and curation rewards will also be very low. Community curation always helps the content to grow and healthy curation reward will be given to the curators.

On the other hand, when a user upvote others content by reading it and judging the content as good, then he may get good curation rewards as other community members will also upvote good content and at the maturity of post, if the post has gained multiple upvotes then the curation reward will be better than self-vote.

IMG_20210321_111534.jpg

This screenshot is about my self-vote. My SP is 0.01 and I will receive curation same amount as my vote.

IMG_20210321_111404.jpg

This screenshot is about my upvote on others content and you can see more curation reward than my upvote value. Hence, it is clear that upvoting others content gives better rewards than self-vote.

Topic 2. Isolated Judgment and Community judgment.

Isolated judgment can be described as a term used for separate judgment or self –judgment apart from the community. It means when a user upvotes any content without reading and valuing the content without any consideration, it comes in isolated judgment. When anyone judges content on the basis of self interests and does not take into consideration the community liking, it will be called isolated judgment.

When any content is judged according to the judgment of community, it is called community judgment. Where many curators have judged the content as high level content and upvoted it, the content will go in trending list and user should read and judge it accordingly. Such content should be upvoted and in such case curation reward will be better as compared to isolated judgment. Thus treding posts are the better community judged posts and such posts should be curated by any user.

With the help of community judgment, a users vote worth is also increased and the curation rewards will also be better as compared to self-voting or isolated judgment.


Screenshot_2021-03-21-06-54-59-01.jpg

This screenshot shows that the content has been judged by community as high level content. This screenshot is taken before I upvoted the post. Its amount is 327.60$. Now let's see what happens when I upvote on this content.


Screenshot_2021-03-21-06-55-13-52.jpg

Now you can see my upvote has a huge impact on this content. Its amount has gone up to $343.63 and it is great. This is what we should call community judgment.

You can see a huge difference, oh my God, my upvote value is only 0.01$ and here due to community judgment, my upvote has made difference of $ 16.03 on this post. This is absolutely fantastic. I am shocked. Are you?

Topic 3.

Here is the screenshot of steemworld.org showing my SP that is 0.01.

IMG_20210321_123130.jpg

Now I will show the impact of my upvote on a post with value less than $50 and before age of 6 days and 12 hours.

IMG_20210321_123332.jpg

Its value is $34.66 before my upvote. Next is the screenshot after my upvote.

IMG_20210321_123356.jpg

Now its value has increased to $35.09. While my upvote value is only 0.01. This is how community judgment impacts. So the difference is (35.09 - 34.66)= $0.43

Now we will calculate curation reward of my upvote with the help of formula.

PCreward = 1/2 √PT (√P1 - √P0)∆t

Where PT = Post payout after at the end of 7 days.

P1 = Post payout after upvote

P0 = Post payout before upvote

∆t = 1, for I, votes after 5mins.

Therefore, PCreward = 1/2 √35.09 (√35.09 - √34.66) = $0.10

My expected curation reward will be $0.10 that is 10 times more than my vote power.

Now I will screenshot of a post more than$100 value and less than 6 days 12 hours of age.

IMG_20210321_125018.jpg

This screenshot is taken before my upvote. It value is $327.60 with 269 upvotes. Next screenshot is taken after my upvote. Let's see impact of my upvote.

IMG_20210321_125101.jpg

Its value has gone up $343.63 with 270 upvotes and my upvote added $16.03 to value of the post. It is community judgment impact. Great, simply outstanding. I noticed it for first time. Thanks to Professor @sapwood.

Now we will calculate my expected curation reward after payout.

PCreward = 1/2 √PT (√P1 - √P0)∆t

Where PT = Post payout after at the end of 7 days.

P1 = Post payout after upvote

P0 = Post payout before upvote

∆t = 1, for I, votes after 5mins.

Therefore, PCreward = 1/2 √343.63 (√343.63- √327.60) = $4.05

So, according to my calculations, my expected curation reward will be $4.05. Unbelievable.

Please help me Professor @sapwood, I am still shocked. Is my calculation right?

Conclusion.

If my calculations are right, so I will love to upvote trending posts in the future. It has a huge impact. Community judgment is the best way to send any content in trending mode and also a very handy way to earn good curation rewards.

I have tried my best and illustrated with screenshots, still there is space for errors. Please rectify me and any suggestions are welcome.

Thanks in anticipation.

@steemcurator01
@steemcurator02
@sapwood

Regards,

@mawattoo8


Comments 2


Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-6.

This screenshot is about my self-vote. My SP is 0.01 and I will receive curation same amount as my vote.

This screenshot is about my upvote on others content and you can see more curation reward than my upvote value. Hence, it is clear that upvoting others content gives better rewards than self-vote.

Good example. Now you can see when you upvote others the curation is definitely better than self-upvote. Further due to convergent linear reward if a post(which you curated) gains sufficient traction, then you can get significant curation rewards.

Thus treding posts are the better community judged posts and such posts should be curated by any user.

The trending posts are the best examples of community judgment. In terms of payout they have already achieved linearity. If you vote such a post(regardless of your voting position) you get a better curation reward as compared to isolated judgment.

You can see a huge difference, oh my God, my upvote value is only 0.01$ and here due to community judgment, my upvote has made difference of $ 16.03 on this post. This is absolutely fantastic. I am shocked. Are you?

No. That difference is not due to your upvote value. The STEEEM price keeps on fluctuating and accordingly the post payout also fluctuates.

However, you can always check your exact upvote value in this post using Steemworld.org.

Please help me Professor @sapwood, I am still shocked. Is my calculation right?

The calculation is correct, but the numerical figures taken are wrong. To know the exact figure you should check with Steemworld.org and then use the voting chart. There you get to know the exact figures.

Here in Steemit the overall payout also keeps on fluctuating because of fluctuating STEEM price.

Anyway, you have now understood that if you go on curating posts with higher payout in increasing order(say $50, $100, $200, or more), then both your upvote value and curation reward will be better than your isolated judgment.

Always remeber that the economic aspects of an upvote is guided by convergent linear reward.

If a user A self-upvotes(or he is the only voter in a post)- He gets diminishing rewards.
If user B self-upvotes(or he is the only voter in a post)- He gets diminishing rewards.
If user C self-upvotes(or he is the only voter in a post)- He gets diminishing rewards.

If users A, B, C curate others and upvote quality content, most of the time they intersect and overlap with each other, and that will lead to community judgment.

If user A, B, and C vote a common post(Quality content) then due to convergent linear reward the upvote value of (A+B+C) will be more than the sum of the individual upvote value of A, B and C. Hence the return for the individual curators will also be more.

Example,

The upvote value produced by 20000 SP is not equal to 2 multiplied by the upvote value of 10000 SP, rather more than that due to convergent linear reward.

So when you curate as a community, the effect of cumulative SP will be more than the sum of the individual SP.

Thank you.


Homework Task -6 successfully accomplished.
[7.5]

22.03.2021 05:13
0

Thank you, sir. I had never such a brilliant lecture and now I have some good understanding about curation and community judgment. Thanks for all the knowledge you delivered to many new users.

22.03.2021 05:19
0