RE: HF20 - Celebrate The Upgrade What’s to Come....
Hi @chbartist , I think @msicc and I may have had encounters with the same sort of people. I won't vote on posts with accumulated reward value greater than a few dollars and not at all on posts that have been promoted with upvote-bots.
I know of several well-established account holders, who do scold plankton for upvoting their posts and are not above hurling accusations of theft as the motive for LIKING their posts. They do understand the platform completely, some are developers, and their attitudes are well-informed. I have a few such encounters documented in the comments of my last post here:
https://steempeak.com/steem-bounty/@justmeagain/why-i-do-declare-it-s-1861-in-the-steem-world-social-experiment-and-a-civil-war-is-unfolding
The HF20 has brought relief to larger account holders from the reward-nibblinng of plankton. Now votes worth less than .02 will have a value of ZERO and will not impact rewards. Plankton can now upvote as much as they want, but they will earn ZERO curation rewards by doing so.
I will refer you to the Dust Vote Threshold Changes section of the HF20 Update linked here:
https://steempeak.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20
I have limited commenting credits, so I may not response quickly to your reply, but I did want to make sure that we all understand the HF20 changes and what we should expect from the Steemit platform from now on.
this sucks because its the plankton that need the rewards. It seems steemit make moves to support the folks with over 1,000 Steem which many simply do not have. now the small holders are earning even less and will likely fall off from lack of rewards esp since they will lose out now that their votes wont earn them anything....
it always ends up becoming a plaything of the rich no matter how benevolent it starts off..
I came across the following statement while searching out the perspectives of more established Steemit users:
My impression is that the new, but undeclared, objective is to STOP FEEDING THE MINNOWS. I think management aims to clear out the bottom tier and reclaim rewards that have been spread too thinly and broadly. This is the 'dust' that I think they are going to start sweeping up. The plagiarism bots have been sweeping up a lot before rewards reach payout, but I think they've just dialed up the program with HF20. The work-in option for joining, as explained in the White Paper, is effectively abandoned. Joiners either buy-in or they are sponsored by existing member delegations. I presume they met their membership goals and now it's time to shut the door. It's an 'Exclusive Freemium' now. Those are my conclusions after examining the evidence, spread around the platform.
Still, I don't see the means for achieving an ROI, with or without small accounts. Investors put their USD into STEEM, which is converted to SP and the currency circulates in a closed system. It doesn't earn real value. Profit is made through the pump and dump game. Anyone who bought at $4 or more has lost $3 USD, given the current price of STEEM. They can hold out for a return to higher prices, but the trend line doesn't look promising. The company wins if it fails, because they are holding your $4 USD.
There's something funky with the latest pumps that even the article authors find bizarre...They don't look organic. Rather they seem to be orchestrated, or the act of a single huge investor. I suspect existing investors are recirculating their cashed-out funds.
What are your thoughts on this?