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RE: HF19 and eSteem feedback encouragement experiment changes
Power now more concentrated, I'm just concern that may affect the Steem price in a negative way.
Power now more concentrated, I'm just concern that may affect the Steem price in a negative way.
Lets hope the little price drop on Steem as nothing to do with HF19, many coins going down today, it could be pretty much anything. I understand your concern, I just hope you are not right :D
It's been bouncing around this price ($2.00) since Bitcoin corrected last week. Right now it's at 1.97. I wouldn't worry about it just yet.
Since crypto coins are synonymous with volatility,we should not be worried at a slight drop since after that it will jump for sure.
It will. More Steem means lower price for Steem.
There isn't more Steem. There is the same amount of Steem as before.
Then why do upvotes of lesser power yield more cash now? Or do they not?
Because yesterday morning they changed the way the Steem is allocated in some ways that make small votes more powerful.
If big votes did not become less powerful, and small votes earn more STEEM, then there is more STEEM being created during a same amount of time as before, which means inflation of STEEM grew.
Where did I say big votes did not become less powerful?
Votes used to influence post payouts quadratically, now they influence linearly. Relatively speaking, small votes are now more powerful.
Appreciate your reply. Do you know the answers to my questions in my root post in this link? https://steemit.com/steemit/@stimialiti/questions-about-steemit-monetary-system-part-1
Steem to the moon, atleast $10!
Thanks for Share! like your post and love it!