What the heck is happening with steemit? I’ve been gone four months and just returned today. Help!
So today I return after 4 months absence and find steemit is awash with comments about Hard Fork 20 (HF20) and Resource Credits (RCs). What are these? Do I have any? Are they any use? How do I use them? What happened? Does HF20 stop spammers?
So tell me, what have I missed over the last 4 months?
Should I power-up, or power down?
Is there any point in buying votes now?
I will vote all helpful answers.
Thanks in advace
I like you is unsure what their purpose is, hoping in the long run, it will stop the spamming, not sure how, but we will see. I haven't been buying votes because in my opinion you're losing out if your buying from the bots,
@swissclive I will advice you to power up while you can.
Since the price of steem is lower than a dollar, you can use Other crypto to buy, steem smt will be out next year, so its going to be a great year for steem.
The hard fork has probably messed up a lot of things lately, but I think its getting better now compared to yesterday.
Since you have been out for quite a long time, Ned powered down and haejin reputation have blown up high...I still dont know what he post about...
Whaleshares.io is up and running and smoke.io too, you can register while you can, almost same clone of steemit.
Hope you doing fine, and welcome back.
Thanks for the updates. Ned powering down is a dissapointment. I guess that explains the low price of steem. I wonder how Haejin got his reputation so high.
gg
@ned powering has nothing to do with Steem's price. It is overall crypto bear market, Steem just got crushed along with other altcoins. @ned is moving his Steem from strategic reasons, it would be extremely stupid to sell in this bear market. In bear market all negativity blows out of proportion, same as euphoria during the bull market.
We as minnows might be in trouble since sometimes the only upvote we receive come from us upvoting our own post, and from what I am undetstanding somewhat. is that we're paying to post, and that it may be more costly to upvote someone's post, I need clarity on what this avtually is doing, I see some of the bigger investor's are leaving, I wish someone would just tell the truth about the intention of HF20 , because right now to me. it's look as if they are the true spammers.
I think the best thing you can do is come back after another 4 months 😜😂
I guess that some people already explained how things work after HF20. So it won't be useful if I do that again. The only question that remains is if you should stick around and power up? Or better get the hell out of here?
On one hand I would say that Steem could be going down quite slowly in the coming months or years. HF20 could have caused to fasten this process. But perhaps the negative trend will turn around pretty soon...?
But even if it won't turn around I would say there is not much to sell given the very low Steem price. So even if things would look worse then they are now, why would you sell any Steem for fiat?
Yes there could be one reason. If you desperately need the money.
Welcome back
Welcome back @swissclive, nice to have you back..
Still yet to find out my self dear, i haven't been able to post or comment this week, but i guess its getting back to normal, my voting power was drained if i made and upvote so i decided to hold on.
Hope you good, nice to have you back.
The draining of your VM was a bug of steemworld. To keep it short: nearly everyone’s VM was drained to 0 so the low VM had to regenerate
Posted using Partiko iOS
@swissclive, you are welcome back. A lot has happened during your absence.
As you can see, the value of steel has gone down to less than $1 . . .
The most recent development is the switch over to HF20 some days ago which make the platform a bit unstable but that God things are getting back to normal.
To know now about the hardfork 20, you can visit @steemitblog
Once again, welcome back
Well seems like you got all the information you needed!
Welcome back
Welcome back sire, I was also away for almost four months as well, and from the look of things a lot have changed, can't really say what's the way forward, but I suggest you take a few days and observe before making any decision. Once again welcome back, and I have missed you.
Hello @swissclive. Welcome back. This hardfork thing started on the 25th, thats about 4 days ago.
Permit me to help with these few tips
-You can now comment every 3 seconds (previously 20 seconds)
-You can call back delegated Steem Power in 5 days (previously 7 days)
-The "curation window" is now 15 minutes (previously 30 minutes)
-Unlimited timeframe to edit post
-Self voting (voting on your own post) is now harder to abuse
-SBD debt ratio is changing. "Steem Blockchain Dollars" are designed to be pegged to the value of $1.00 USD. This new logic will assist in making SBD more stable.
Most importantly...
You no longer need to delegate Steem Power to generate new accounts. (Previously you needed to delegate ~ 14 Steem Power to generate an account). A new system called Resource Credits was just implemented, allowing accounts to use credits to mint new usernames."
Good and bad news.
Steemit has been successfully forked. Now, Resource credits and Manna determines a lot in your steemit journey. The number of Steem power you have play a big role in your interaction on the platform. A newly created account with 15SP can only give 3 comments, 9 votes and 11 transfers/powerups.
They are trying to reduce spamming and make people invest in steem power. You can now check the number of comments, upvotes or transfers you can do on steemd.com
Happy New Steemit.
@oredebby that’s a great summary. Thanks so much. Self-voting is harder? I think I just voted myself. What about voting bots? It looks like they may be disabled?
Awww well I'm not too sure, but I don't think it stops bots from doing their work.