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RE: Hard Fork 19: The Future Price of Steem
Is the effect of hf 19 really that more money will be sold? The amount given stays the same it is sonly distrusted among more authors.
So why would this increase sell pressure?
You are right.
The reward pool is the same as before.
I expect the Steem to actually end up in stronger hands, because a lot of trending authors used to cash out.
Yea that's exactly what I thought. It also creates value when more people have the rewards.
It's because the hard fork took effect for all posts, which haven't yet been paid out (i.e. not older than seven days), effectively making everyone richer and more inclined to cash out.
Yes, you are right that the amount remains the same and my suggestion was to spread it out between all authors, by investing more voting power in lower paying articles we like and less voting power in articles, which are already paid well (say, in the hundreds of dollars).
Why? Well, the less cash each user gets, the more he we will wait before exchanging for BTC and then for fiat money. This will increase the time we have until the next money laundering (which will increase the price of Steem again). If there's no next money laundering, Steem will gracefully decrease in value (as opposed to high price drops, if well paid users cash out all at once).
That's the theory, at least :)