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RE: How Are You Preparing For HF21?
I agree with most of the people saying hold tight. I'm pretty new here, and most of my rewards come as an author, but the new hardfork might encourage a lot more voting and curation... so it could be a win win.
Dear @mastersa
I've been trying to understand how can this encourage more voting and curation? The only difference is that all "whales" voting each others content will be rewarded and growing twice as much.
Do you think they will start curating more simply because they are earning more?
Proposed system can only work if so called Whales would actually start delegating their Steem Power to quality curators. That would indeed allow those curators to be rewarded for their work and benefit entire platoform.
I'm simply afraid, that this will not happen. That at the end most whales will continue auto-upvoting publications of very few people, with their powerful votes and without putting any effort they will start earning x2 more than they did so far.
It surely would encourage them to slow down with powering down, which in effect would most likely bring up the price of STEEM. But that is the only positive outcome. And what would happen year from now, when those "whales" would start dumping this easily earned STEEM?
I wonder if you would agree with me on this one.
Yours
Piotr
Yea I definitely agree that whales benefit - that’s one of the wins. (To be honest, I don’t really play with whales yet and I don’t know how that game works).
But my thinking is that if curation rewards are higher, it should give an incentive to manually upvote quality content.
If everything remains automated then it won’t really have the desired effect... but i also make 0 curation rewards right now, so this will definitely help me.
I’ve also seen some speculation that the 50/50 will reshape how people use voting bots. So you can likely no longer buy your way to trending at a profit (this will probably also help small fish like me).
So while whales get a bigger piece of the pie, there’s lots of opportunity for minnows to get some as well.
@ketcom @crypto.piotr
Dear @mastersa
Thank you for that amazing comment. Appreciate it.
That would be lovely. And in some cases it surely will happen. However opportunities to abuse this system and simply enjoy 2x faster growing rewards and having only auto-upvotes set up is most realistic scenario.
Not to mention that bots will have a chance to offer x2 higher ROI for delegating SP to them.
Yours
Piotr
That is what we want, a win win situation. Thanks.