Votes Now Over Dust
Hi fellow Lions,
Today I wanted to explore the way things have changed up a bit with the increased token price!
Votes Now Over Dust
One of the things that I think has been really good to see over time here is that some accounts votes are now over the dust threshold that would, at a lower token price, be relatively unnoticed!
I have been fortunate and lucky enough to receive votes from many groups along the way and some follow my fanbase of some kind or another. What I have seen lately is a pretty steady increase in the accounts that are voting on my posts that are now over the dust threshold that have been voting on my posts for a while! I think that's a pretty good and significant improvement for many.
I know that we have a lot of new people or people who aren't too familiar with some of the nuances of the blockchain many of us call home but the dust threshold is the point that needs to be crossed for a vote to count and be paid out. On someone's post like mine it's not something many have to worry about since mine have been over the threshold for a while but that hasn't always been the case and with many people around here, that's not the case!
The dust threshold is anything that is less than .025$ in vote value. The most common way to see this is when you see people voting on comments. Many comments will never cross the .025$ threshold and thus will not reach payout. This is to prevent reward abuse from thousands of accounts and keep the token more scarce. If you, as a new person, vote on my post and your vote is only worth .01$ you may still earn a little bit of what we call Curation rewards, or a bit of Hive given back to you for voting on my post but if you vote on someone's comment and it doesn't go above .025$ it will be unfortunately wasted.
This is why I recommend to everyone new that I interact with, don't vote comments! Save your voting power for posts so that you can earn a little bit instead of using it all on comments. I know many are in the Fakebook mindset where you just like everything but in the world we live in where things are curated and incentivized, votes are precious!
With the increase in the Hive token price over the past few months, I've seen a remarkable increase in the amount of people whose votes are now over that .025$ threshold! Front ends like PeakD and others do the filtering work for you. Instead of showing you every single vote you got, which is fine on some front ends, it filters them out so only the ones that count towards rewards will be shown. I rather like that concept so it instills some underlying knowledge to someone even if they aren't aware of it just yet.
I see that some of the accounts are at dust are around 200 Hive Power and that's a good thing to see, the threshold that people are at to count towards the payout of a post that's visible. I've been a bit more attuned to this lately since I've helped out a friend @rayius progress himself on here and grow his account. He really put the Resource Credits to the test! I'll be writing about that in a future post but I find that really interesting as well. What are the new floors for minimal Hive Power that one needs to be able to interact and flourish on here?
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