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RE: Autovorotic Asphyxiation- The MEGA CIRCLE JERK is choking-out itself through the rewards pool
There are a few things at work here. First, the rewards pool was over-filled after the HF 19 hit. Second, users began allocating rewards at a faster rate that has since returned to normal to match user voting habits. Third, the price of STEEM (all crypto) dropped last week and is slowly returning. All of this contributes to the fact that you saw really high rewards that are slowly shrinking. We are quickly moving towards a new equilibrium in reward payouts. It is entirely too soon to draw any sort of conclusion over the success or failure of linear rewards.
meh. 1. quanitfy "over-filled." 2. return to normal = drained the pool. 3. price flucuation didn't really factor in too hard because it's a price average over teh course of a week so a flash crash doesn't totally fcuk the trend. meh
We reduced the amount of time the rewards algorithm takes into account for the moving average. Which means there was more STEEM in the reward fund than rshares were accounting for. This change was motivated by the fact that it took far too long for the rewards algorithm to respond to the whale voting experiment after HF 17. This will let the rewards algorithm to respond a little bit faster to changes (about twice as fast).
Price average is 3.5 days. STEEM had been dropping in price for a week, so yes. It would have impacted it.
Thanx for the explanation. I found a developer. great work. I just arrived 13 days ago on the platform.. I love it. You have a dutch name. where are you from?
Maybe read my blog about my once in a lifetime family trip to the US. I hope I can reach it with dedication to steemit. thx and bye
It is my opinion that HF19 has scratched the itch the community has had since the beginning, but as you point out, the dust has not fully settled after all the action. However, the issue of comment self upvoting, which has now become an epidemic, still needs to be addressed and not only does it look bad, it's diverting rewards from the central purpose of Steem.
By the way @vandeberg, I used to hate you. Now I see you are simply a bit more conservative than I am, which is fine, and perhaps it shows more maturity inheres in you than me. However, as the leadup to the mandate for the HF19 change shows, sometimes audacity and the courage to act ton convictions is also important for the health of the community.