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RE: Update on Simplicity: Cutting Complexity with Steem 0.17.0
Yeah, I think people are really going to miss the 24 hour payout. People really want instant gratification. Especially new users who think the platform is too good to be true.
"SHOW ME THE MONEY!!!" says the new user.
Now it will take 7 days to prove to them that Steemit's not a scam, LOL instead of 24 hours. I hope they remember to login a week later to check.
I remember waiting on the edge of my seat for my very first payout to see whether this was actually real or not.
But I'm all for experimenting so I haven't really voiced this opinion too loudly and I assume there's a good reason for getting rid of it... I just haven't heard it yet.
I can chime here as a new user...(brings popcorn for everyone and shares)
I have to say that I have noticed an increase of STEEM & SP rewards in the last day (24hours).
I cannot verify exactly if it is because of this experiment.
Just my 3cents worth.
It's hard to verify because of the nonlinear reward curve. Now, if others voted before you, (it seems) your votes worth more. Actually, I, who have been here since a half year, noticed the same (my votes worth more). Even when I upvote promoted contents with @pipes, which is a new account, I see some changes in the rewards (and nothing before).
Man, this experiment with the whole Steemit Platform is exciting and addicting. I am very Honored to have this opportunity to witness, take part, vote, comment, & continually learn and grow with the company. A lot of GREAT, POWERFUL, and WISE users on this platform, if you are keen to spot them...(notice I didn't have to actually say anything about my pay or a salary)
Just my 3cents worth again...
I can second this, the rewards are far more spread out than before.
"Show me the money" is true, but 1 week has its benefits.
And as I see
everyonemuch stake is used to upvote new users. If they don't interested in enough to wait a week for that, next time when they get nothing for their post they will leave, or exchange to BTC then leave, or cry a little about justice then leave.1 week is simpler, and one could have more rewards then with a split period when a nonlinear reward curve is used. Now, at the end of the day, when a minnow's vote is starting to change the reward, the system starts the whole process again with a 30 days period that nobody uses because the votes worth nothing (those, who could fill up the shallow part of the curve have already voted as curators in the first period with a bot with perfect timings).
With one week, there is more room for the investors to act when the rewards are different from what they would want.