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RE: This has been a demonstration of optimal posting strategy under Hardfork 20.
when is this ridiculous change going to take place?
And I'm going to tag a few of my friends and see if they are aware of this... What do you all think: @abh12345 @paulag @danielsaori @jackmiller @sircork @comedyopenmic? You are all witnesses, is this something you agree with or disagree with?
We don't know.
I'm going to write up a new post with a clearer discussion of this issue based on the long discussion with eonwarped here, if anyone you tagged wants to wait for that. This one is really something of a shitpost that went viral somehow.
@tcpolymath are you backing away from your assertion that this is taking money from the people's posts and sending it to the few that can afford to be "popular"? I hope not, because I think you hit the nail on the head with this one! I am eagerly awaiting your next post about it, if you think to let me know when its out that would be awesome!
No, it's just stated differently. Destroying your rshares - whether it's this method, voting on declined payout posts, flagging, or just sitting at 100% VP - distributes that part of your stake reward to active posts based on popularity.
I don't have plans for yet another post on the topic at this time, but nobody's come along to argue with me on the most recent one yet.
So I read your first post right?... I want to make sure because I want to make a stink at least a little if I read it right. Basically, they are taking money from the post and paying "someone other than" the curator or the author. And that someone will be the people who can afford to buy their posts to the top of the chain. Is that about it?
Yes.
Omg 😮 very concerned.
@tcpolymath you helped me cause a stir... :P
Maybe the goal is to encourage/force people to buy into the system by raising the barriers for those that wish to join through posting content and curation? I can see how this could be attractive to an administration.
Thanks for bringing it to my attention @davemccoy. And thanks Tim for highlighting it in this post.
I have to do some more reading to get a better understanding. Don’t recall this as a conclusion after studying the initial hf20 proposal. Or is there anything new, recently suggested?
When you get time it would be great to know what you thought. It does seem like they are taking money from people's posts and then giving it to reward the higher earning posts! The rich get richer!
On reading the initial detail of the voting window/curation rewards change 6 months or so ago, this was not how I understood it. (And thought the rewards would be put into the pool of the actual post being curated).
I'm hoping the pool is bigger for all, but it sounds like big votes (bot votes) could potentially scoop up most of the 'extra' rewards. Not ideal if so :/
As always, more reading required - tag me in if you spot something Dave, cheers!
@abh12345 I look forward to you learning more about it... If it was how you read it the first time, I would say nothing...I frankly don't care who gets the money from the post (author or curator)...But taking money away from a post just to add it back to the pool, just adds another layer of absurdity that we will have to adjust to...And the optics are horrible.
It will be interesting to see how it pans out, and I'm hopeful it's not as bad as folks suspect. STEEM at 1.7 right now, about time we had a lift!
I'm part of the @noblewitness team with @sircork, and if I'm understanding this correctly, I don't agree with this at all. As stated above, this is altogether worse than the reward distribution system we have now.
I mean it shifts the time, people adjust their bots, life overall, doesn't change much at all, and the way I read it, the spurious rewards go back into the pool, not to the high profile stuff some are reading it as. I could be wrong. Your mileage may vary. Always assume there is reason though for the "top" to spin things in ways that don't hurt them.
My thoughts exactly! I hope there is some pressure that you guys can put on to stop it... If they are going to take away from the author of a post, then they should give it to the curators of that post. It shouldn't be given to the "pool". In my opinion of course. Thanks for the reply! and nice to meet you @anarcho-andrei!
Not a problem. Nice to meet you too, @davemccoy!
@anarcho-andrei 😀
@davemccoy I am looking at some data on this, will respond with a post