Updates - ChainBB Auto-Vote And The Psychological Effect Of The Hardfork On Me. (Plus An Important Question)
Introduction
As some of you may know, I've been an ardent supporter of ChainBB, the forum interface of the STEEM blockchain. If you are new here and you don't know what I am talking about, please read the ChainBB FAQ @jesta just released.
To bootstrap the development of the interface, there is a 15% of every rewards going to it via the "reward beneficiary" mechanism established in the previous hardfork (17-18). I urge everyone who care about this project to consider posting their posts and comments via this interface.
So in order to help and do my part, I've only been posting via ChainBB and have been upvoting as many comments and posts as possible that were created via the chainBB platform.
The Success
As you can see on this steemdb.com page ChainBB is now third position in terms of rewards allocated at 1.16% of the total reward pool in the last 90 days.
**Not bad but of course the goal is to bring this # much higher. **
I'm currently considering other methods that could help @jesta raise awareness and use of this platform which as a bright future.
Another success is the number of steady users we have everyday. We are at around 150 users per day for the last week or so.
SPECIAL THANK YOU TO ALL THE PEOPLE BELOW
Changes
I am now going to discontinued my auto-voting on chainbb as my voting % as been exhausted for a long time and my curation rewards took a hit (reduced by almost 90%). The experiment ran for almost 3 weeks.
Since the new hardfork, small holders will have a much bigger impact on the rewards of every post. If the users are actually real supporters, then I expect the userbase to remain similar to what it is today. If they were only their for the free money, then we will have to find better ways to attract real users.
The Impact of the Hardfork On My Voting Power
Ridiculous...absolutely insane...
These are the words that are going through my mind right now. My vote at 100% is sending almost $30 on a post only 2minutes old. That's some serious voting power right there.
So what am I going to do?
POWERUP!!!!
I had almost a 1000 STEEM on the sideline...what better use can I have for it now than having more power to distribute $ with my votes?
Now I can think about helping sub communities being launched...for example the french one.
Lots to think about but for now, I have to see how the cookie will crumble with this new piece of information.
Question
How much does your vote send right now? How do you think it will impact your behavior. Please let me know below.
I'm actually not sure the hardfork is a good thing - there will by sybil attacks in no time. Prepare for a ton of crappy posts and comments...
A new account only upvote for 0.03. You would need thousands to make a scratch.
It will be fiiine as long as your content is good. But even a lazy bum like me managed somehow to read your whole post, so seems you'r quite talented creator. So you'll be okey :D
I'm liking this but is it all comments and posta affected in the last 6 days? Before it's paid etc
Yup - all payout values were adjusted, though I was under the assumption they wouldn't be.
So anything older than 6 days stays the same value? Sorry for the dumb question
Very important to consider, the sybil attacks.
Maybe we'll need a dolphin/ orca/ whale coalition of down-voters to keep the spammy post(er)s in check?
I'm already noticing an uptick in comment spam and "Help my sick dad" posts. :(
I'm a newbie, so my voting will be for the posts that give me a warm and fuzzy.
But I do see where you are going with this, nut as I said earlier to another bloke, improvize, overcome and adapt. That is the only way to keep moving forwards.
PS. The piece of advice was my dads, I just wrote/typed it.
Cheers.
An Issue can be that, most of the people starts to vote for themselves only. Have you considered this option. Someone can invest 1000 STEEM his vote will be around 1$ and can make 10 S per day just voting own posts. Which makes a nice monthly or annual interests rage. Hope this change now wont reduce interaction and rewarding between participants. Correct me if I'm wrong.
This is true. However, if certain members (we'll say) catch on to these accounts, they may decide to down-vote them to $0 payout, or worse (lowering the account rep more and more below 25).
"I am now going to discontinued my auto-voting on chainbb as my voting % as been exhausted for a long time and my curation rewards took a hit (reduced by almost 90%). The experiment ran for almost 3 weeks."
@cryptoctopus - you are a real champ for keeping it up as long as you did. I actually forgot about this, as I had initially assumed that you would only keep going for about a week MAX, so yeah, thanks!
I think introducing people to the benefits of a bulletin board interface for layout of the content is reward enough in and of itself to keep people in, once they've experienced it. But I have no idea how to best explain this, or put the concept in people's faces for their review - I've never been much of a salesperson. But I truly do believe that if everyone on steemit.com tried chainBB at least once, they would get as hooked on using it as I am. Specifically, because of the improved experience of searching for content via forums of interest, versus a feed whose rush of articles you can't always keep up with.
This is absolutely insaine and I am loving it! A100% upvote is now 26 USD! It is just a matter of weeks in my opinion until all the people from medium, YouTube and Facebook join Steemit, Busy and ChainBB. This change is the catalysator that catapults the steem block gain to the moon! ( My opinion :-))
Certainly seems reasonable at the surface. Keep in mind though that we aren't even finished with day one after the HF.
Has the "whale experiment" ended? The fact that my 100% vote is worth more than $27 (at around 70% voting power) tells me that it probably hasn't. I was expecting something like $7 for a 100% upvote, from around $1.20 pre HF. The amount my vote gave out took me by complete surprise.
Now, all of a sudden, I feel like I have to be a little more responsible about how I vote, which isn't necessarily a bad thing, just...different.
Lets hope so. :)
The new hardfork got my mind blown.. Im not sure if this is real my sbd payout got pumped from 100usd to 600.
And my upvote is now officially worth more than 1 cent..
Much love for the upcoming steem adventures..
Steem on
-Goldie
Thank you too! My full vote has gone from 0. 01 to 0. 26$. How is that 4x I really don't know but I'm glad i can influence people and give more. Chainbb has been an amazing project. I will continue to use it when I'm on my computer. Hope that similliar to Tapatalk app develops for chainBB because I spend most of my time on the smartphone. Cheers! @cryptoctopus
Don't forget the linear rewards versus the exponential rewards curve that was also implemented with this hard-fork.
You're not only voting at 4X what you were (for 100% up-votes), but also have an "even playing-field" with the whales now, as every 1 Steem-Power officially has the same influence, regardless of how much SP an account has.
awesome post. I hope everyone doesn't kill hardfork with silly posts soon though
I feel so grateful and thank you for the hard work you've been doing! It really help the newbie like me! Thank you so much, it means a lot to us.
Thank you all. I am here for upvote.
Thanks all I'm also here collecting upvotes lol