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RE: New Steemit hard fork 'Downgrade', re-evaluates Author status and value...
Its not quite as it seems!
This shift will do 2 things
People will buy steem as its more worthwhile to curate (we need this more than more authors)
Or to put it another way, what are we more short of, people posting or people powering up their steem! Note that most the people complaining have not bought any steem but just want to get more rewards. So this balance needs addressing..It will reduce bid bot use, and that cant be a bad thing!
So watch out. Steem price may well surprise u soon! Xx
We'll see Alex. I'm getting to care less to be honest. I know also there is a different perspective to mine, and that indeed is why this decision was made, and I'm not - as I said - in on the think tank, so I'm sure there is more subtlety to it than is immediately obvious.
I hope your right, for the sake of the investors. Which as you say, ultimately will benefit everyone.
However I do believe there should be a more incremental approach to this in order to let the metrics cast some light on such a move. It usually pays to follow a trend rather than hedge a bet. 25% of anything is a big move.
Lets not forget also - Steemit is not Steem, as you intimate in point 1. But that doesn't delegitimise those wanting to author on this platform - that is after all what 'Steemit' is all about - granted though, not Steem.
It is difficult to separate the two if your a Steemit user. Authors add value to Steem via Steemit, as do dealers. Both are legitimate and worthy of consideration. Babies and bathwater come to mind.
As for bid bots, I get a sense, once they have adapted - people may well increase their use to make up some ground. I suppose we should just wait and see. Bid bots to me are more like roulette, so I'm less concerned about that, but they don't operate outside of Steemit TOS, so like them or not, they are a legitimate part of the platform and also add value in their own unique way.
At this point, it's all just conjecture. So lets see how it pans out :)