RE: HF 21 - Some Thoughts on the Changes to Come

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RE: HF 21 - Some Thoughts on the Changes to Come

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crypto.piotr in #steem • 6 years ago

Thank you for sharing your view on that particular issue with us. HF21 is surely bringing even more emotions that HF20 did. At least that's my impression so far.

Next, is the split between authors and curators. This will change from 75/50 to 50/50, on a reduced rewards pool.

I'm wondering what do you think about this split? I've been monitoring PAL and LEO tokens (since both introduced 50/50 already) and selling pressure seem to be very high. Which really worries me.

Then we have a change in the payments to authors away from a linear curve.

This seem to be the most important change for those who like to upvote valuable comments. Correct me if I'm wrong but right now it will be way more "expensive" to give someone small 0.03$ upvote than it has been in the past, right?

I'm really worried that culture of upvoting comments will die down.

Just like you said: it will be an interesting time. It's hard not to agree with your words: "I think we will see a massive clear out of steem users.". I'm really worried about this HF21 and its future consequences.

Yours
Piotr

6 years ago in #steem by crypto.piotr

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paulag 6 years ago

you can see from the comments, people are concerned and passionate about this.
Selling pressure is massive - hence the loss of value all of the time. There are a few ways to look at this. the new changes are more favorable to investors that power up. investors is good. however, it is at the risk of the existing small steem user, which is most of the current steem population.

Voting on comments concerns me a lot. My entire business model from my brand and steem rely on me voting for comments. When I started steem was worth more and my vote was worth more. Under the new system there is a good chance, my vote on comments wont be enough for a payout, not if i am the only one voting on them. I echo your concern on upvoting comments.

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crypto.piotr 6 years ago

Thank you for your kind comment.

Indeed, people are passionate about HF21 @paulag

I expected that in a short and middle-term price of STEEM will drop even futher. Those who are unhappy with changes are probably selling whatever they can. At the same time those who have hopes and are powering up do not have enough funds to slow down selling pressure.

Plus it's going to take some time to get more investors and curators on board. Replacing those who we're losing now will take some time.

I would expect that STEEM will really hit the all time low very soon. Great time for those who are here for long.

Voting on comments concerns me a lot. My entire business model from my brand and steem rely on me voting for comments.

Would you mind telling me more about your business model? I found it very interesting.

Yours
Piotr

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