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RE: HF19- The Rewards Coaster- The Thrill of Victory and Slow Agonizing 7-Day Onset of Rewards Depression
Do you think it is because so many people are getting paid from the HF19 and transferring that money off of steemit?
I can't tell yet. There's been huge price movements which effect the reward shares pool net value. It's hard to disentangle that. But I think this is different. I think it's inherent to the way the post calculates rewards.
Hey Aggroed. Great Post and great follow up from @sean-king. The indepth thoughts and analysis are great. I have always been one to take that analysis and turn it into Layman's Terms. The reason the pool is getting drained is a simple numbers game. What do you think the ratio was that everyone was upvoting at 100% 40 times a day or more before HF19? I'd bet not very many. Well, its a lot easier now AND more rewarding to max out your daily sweet spot of 10- 100% votes. That is spiking the utilization percentage by probly 100% or more and pushing down monetary rewards. I bet you this is the new normal and the only way to grow out of this is a spike in Steem price(investors), a change in voting behavior, or another HF. If we get a new large influx of minnows who don't want to invest or if Whales/Dolphins just continue to feed themselves we are going to have issues.
Yep. We may not have actually reached the new normal. Reward pool is down another 100k Steem today. I htink there's an equilibrium somewhere. I hope we find it soon.
It just hard to tell what happen until everything comes down.....Plus it doesn't help that ETH had a flash crash. That caused this minor correction we are in now.
yeah. A lot of weirdness is happening simultaneously.
I thought we were due for a correction...The flash crash just pushed that hand a lot faster.
BTFD