It has been fun. These are my (flawed) personal observations. Flame away!
Day 1 - Sunday
So, it begins.
- Immediately, there's a longer tail on the Trending page, very few posts exceed $40.
- Minnows and dolphins are cautiously optimistic.
Day 2 - Monday
The effects start to show.
- Dolphins and minnows are excited by their suddenly dramatic increase in the value of their votes.
- Bots dominate. Their influence is significantly increased, particularly the whale-bots.
Day 3 - Tuesday
- The flag wars begin to counter non-compliant whales. Many users are upset, while others find it refreshing. It's very divisive, but there's hardly a consensus. Many support the no-whales initiative, but can't stomach the flags.
- New users are utterly baffled. (some of the replies to smooth's auto-comment are highly entertaining)
- Dolphin curators break into the Top 100 by Rshares influence. Their trails are now worth over a dozen cents.
- Active voters exceeds 5,000 for the first time since the December surge.
- Comments see a dramatic rise as well - highest since September.
Day 4 - Wednesday
- Authors who have strong minnow/dolphin support rise to the Trending page. These are truly the most popular authors on Steemit. Whales mistakenly downvote these authors even though they don't have any whale/bot votes. Conversely, authors that rely on the support of a couple of whales are lost. Some of them even quit.
- The tail is so long that most posts get lost. On the bright side, they at least make a few pennies lost in the void.
Day 5 - Thursday
- Many regular dolphin/minnow curators stop curating, bots and humans alike. Some of the previously most influential bots stop as well. The reason is simple - without whales to frontrun the ROI is pretty minimal.
- Meanwhile, near-whales / orcas take advantage and increase their curation efforts; new bots emerge.
- The Trending page is a mess - it used to be much more representative of the community's content before.
- Casual curators continue enjoying their dramatically increased influence.
Speculative inference
- The quadratic voting algorithm is overly skewed and hostile to community engagement.
- People vote much more when their votes are worth something. (Side-note: They may also be more incentivised to power up, though I don't have any data to back that up. Pointers welcome.)
- A disparity in voting power is essential for the predictive curation game - just not quadratic. Linear might be the best compromise. Of course, we have to question the value of a predictive game in the first place and whether there's a better system of rewards to better reflect good curation.
- Effective curation is essential for organizing content on the platform. (Of course, the Communities feature is crucial)
- All you need to do to increase engagement is stir shit up.