![image.png](https://ipfs.busy.org/ipfs/Qme2GwpVbT8fJMLBmgsD7bTt1J1opvAzoX5jjebp2RkVMw) Ok by now there are enough posts that explain what HF21 is all about so i won't rehash that. I've mentioned in a couple of my comments that I think the EIP bit is misguided and i'd like to explain why. Everyone can see that curation on Steemit is broken. Your payout is determined by your network and rarely by the quality of your post. So how would changing the rewards split to 50-50 solve that? If someone close to a whale was getting $10 a post, he'll now $5 a post regardless of how good that post is. Meanwhile, someone who doesn't have a network will now get half of his current pittance. I've simplified the number calculations but it'll be a major decrease in the earnings. ## Voting behavior Oh but you're not factoring in the change of voting behavior that's going to happen! That's a big assumption - that whales aren't actively curating because they aren't rewarded enough and that by rewarding them double, they're going to become active and discerning curators. The thing is, a whale is like a central banker or head of a major nation, in that they move the market. If a whale says a post is good and worth $10, then it is worth more than a thousand real minnow upvotes. They don't need to care about quality at all. ## Case in point There are folks making 10 posts a day each getting a whale upvote and making around $15 a post. That's $150 a day on pretty much thin regurgitated content. Instead of powering up, they power down the entire amount they've earned over the week. Please tell me how HF21 will solve this? They now have to do 20 posts instead of 10? ## Steem value Steem's value has been dropping and shows no sign of getting back to it's top 30 status. It's both a demand problem and a supply problem. HF21 pretty much wipes out minnows, and maybe even the smaller dolphins. HF21 also doesn't address the fact that concentrated steem power earns way more steem than they know what to do with and will obviously sell it to diversify their risk or invest elsewhere thus driving down the price of steem.
post_id | 76,715,218 |
---|---|
author | numpypython |
permlink | hf21-sigh |
category | busy |
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created | 2019-06-20 12:22:15 |
last_update | 2019-06-20 12:22:15 |
depth | 0 |
children | 8 |
net_rshares | 1,861,207,519,161 |
last_payout | 2019-06-27 12:22:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.826 SBD |
curator_payout_value | 0.228 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 2,137 |
author_reputation | 49,481,680,921,551 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
trevonjb | 0 | 34,477,372,341 | 1% | ||
sinzzer | 0 | 380,815,011 | 1% | ||
happyphoenix | 0 | 356,470,814 | 1% | ||
bert0 | 0 | 2,785,941,929 | 1% | ||
rymlen | 0 | 361,778,979 | 1% | ||
busy.pay | 0 | 340,674,244,525 | 1.65% | ||
mathworksheets | 0 | 34,010,003,904 | 25% | ||
hattaarshavin | 0 | 369,247,127 | 1% | ||
pouchon | 0 | 6,084,436,428 | 1% | ||
flatearth | 0 | 300,743,178 | 1% | ||
sharkface | 0 | 1,944,319,251 | 1% | ||
lordneroo | 0 | 867,797,612 | 1% | ||
numpypython | 0 | 307,327,151 | 1% | ||
sames | 0 | 552,178,765 | 1% | ||
bloggingforbeans | 0 | 8,412,356,857 | 24% | ||
wilx | 0 | 909,259,705 | 1% | ||
bethalea | 0 | 3,030,303,024 | 20% | ||
linakay | 0 | 241,781,547 | 1% | ||
pwny | 0 | 863,548,524 | 1% | ||
momogrow | 0 | 519,608,364 | 1% | ||
raffael | 0 | 412,164,206 | 100% | ||
manuel78 | 0 | 810,883,438 | 20% | ||
world-travel-pro | 0 | 3,484,093,415 | 1% | ||
reloadbeatbox | 0 | 165,012,502 | 1% | ||
greatvideos | 0 | 493,236,040 | 1% | ||
roncoejr | 0 | 10,202,265,963 | 1% | ||
moemanmoesly | 0 | 458,401,538 | 1% | ||
kenanqhd | 0 | 4,130,611,132 | 1% | ||
imredryan | 0 | 258,580,077 | 1% | ||
mcoinz79 | 0 | 3,634,002,830 | 1% | ||
akomoajong | 0 | 346,939,851 | 1% | ||
shitsignals | 0 | 521,810,305 | 1% | ||
shebe | 0 | 337,409,091 | 1% | ||
madstacks | 0 | 497,368,698 | 1% | ||
phelimint | 0 | 544,230,819 | 1% | ||
dse | 0 | 289,022,577 | 1% | ||
jezsmith720 | 0 | 0 | 1% | ||
sevillaespino | 0 | 1,012,081,034 | 1% | ||
syedumair | 0 | 324,768,826 | 1% | ||
faustofraser | 0 | 156,937,202 | 12% | ||
otage | 0 | 377,774,756 | 1% | ||
aftabkhan10 | 0 | 497,662,002 | 1% | ||
costanza | 0 | 17,025,041,250 | 10% | ||
cflclosers | 0 | 491,742,154 | 1% | ||
aferrell | 0 | 170,742,891 | 1% | ||
accelerator | 0 | 6,161,568,563 | 0.35% | ||
chimzycash | 0 | 595,175,511 | 1% | ||
rosatravels | 0 | 730,215,413 | 1% | ||
taskmaster4450 | 0 | 7,059,274,875 | 1% | ||
ekqwel22 | 0 | 329,533,856 | 1% | ||
dbooster | 0 | 325,165,109 | 1% | ||
mattroconnor | 0 | 234,338,053 | 1% | ||
fredkese | 0 | 310,387,649 | 1% | ||
infidel1258 | 0 | 1,805,115,781 | 1% | ||
ocupation | 0 | 429,795,606 | 1% | ||
funtraveller | 0 | 3,013,541,186 | 1% | ||
enjoyinglife | 0 | 372,954,328 | 1% | ||
mitchadventures | 0 | 577,337,444 | 1% | ||
californiacrypto | 0 | 112,869,632 | 1% | ||
conradsuperb | 0 | 951,708,658 | 1% | ||
daltono | 0 | 4,259,451,248 | 1% | ||
burlarj | 0 | 376,652,332 | 1% | ||
gandhibaba | 0 | 467,367,467 | 1% | ||
bennettitalia | 0 | 1,582,266,212 | 5% | ||
maykolcontreras | 0 | 331,340,134 | 1% | ||
erik-lopez | 0 | 308,722,635 | 1% | ||
fullcoverbetting | 0 | 61,873,278,058 | 50% | ||
gascap9000 | 0 | 8,933,094,393 | 1% | ||
jlordc | 0 | 610,066,381 | 1% | ||
lunaticpandora | 0 | 531,408,569 | 1% | ||
sportfrei | 0 | 38,903,337,114 | 100% | ||
cryptosharon | 0 | 711,818,356 | 1% | ||
numberofthingz | 0 | 681,989,678 | 1% | ||
udezee | 0 | 500,101,161 | 1% | ||
mamun123456 | 0 | 759,594,925 | 1% | ||
sisygoboom | 0 | 751,040,371 | 1% | ||
mindtrap | 0 | 4,850,022,174 | 1% | ||
aibolit66 | 0 | 562,804,451 | 1% | ||
wrecktangle27 | 0 | 2,857,341,614 | 1% | ||
altcoinbandit | 0 | 643,859,120 | 100% | ||
oadissin | 0 | 555,700,599 | 1% | ||
limelightmg | 0 | 965,520,456 | 1% | ||
rativiv | 0 | 1,048,274,901 | 1% | ||
greendeliverence | 0 | 358,301,587 | 1% | ||
truce | 0 | 11,399,317,308 | 1% | ||
onepercentbetter | 0 | 3,331,821,817 | 1% | ||
abrockman | 0 | 3,800,776,788 | 1% | ||
djoker | 0 | 1,387,824,220 | 100% | ||
rawn | 0 | 679,278,843 | 1% | ||
mimidee74 | 0 | 157,882,817 | 1% | ||
ronaldoavelino | 0 | 1,955,540,504 | 1% | ||
jokeskay | 0 | 43,933,437 | 1% | ||
sbi2 | 0 | 119,740,627,911 | 3.97% | ||
thomasbrown | 0 | 1,155,378,740 | 1% | ||
ezravandi | 0 | 9,810,453,610 | 3.5% | ||
beat-the-bookies | 0 | 11,135,679,290 | 100% | ||
pasie15 | 0 | 346,736,363 | 1% | ||
midlet | 0 | 3,603,573,616 | 1% | ||
lordgod | 0 | 211,062,726 | 1% | ||
rightwing670 | 0 | 1,484,667,082 | 1% | ||
crypto.piotr | 0 | 494,054,044,164 | 62% | ||
ifeoluwa88 | 0 | 469,234,083 | 1% | ||
sergino | 0 | 2,056,219,559 | 10% | ||
lagtv | 0 | 299,299,454 | 1% | ||
chrstnv | 0 | 324,635,853 | 1% | ||
urme33 | 0 | 432,525,143 | 1% | ||
joelsegovia | 0 | 271,136,848 | 1% | ||
hermannsol | 0 | 341,853,630 | 1% | ||
salimbur | 0 | 337,760,690 | 1% | ||
tiffcisme | 0 | 351,277,776 | 1% | ||
emsonic | 0 | 1,027,369,205 | 1% | ||
jluvs2fly | 0 | 2,163,033,397 | 1% | ||
lilcryptita | 0 | 557,480,980 | 1% | ||
vanoss | 0 | 432,736,018 | 1% | ||
theexcelclub | 0 | 1,139,956,663 | 1% | ||
hiatus | 0 | 331,160,038 | 1% | ||
pyemoney | 0 | 433,574,388 | 1% | ||
inature | 0 | 466,269,753 | 1% | ||
upvoteshares | 0 | 5,059,676,271 | 3% | ||
bobby.madagascar | 0 | 517,774,306 | 1% | ||
laissez-faire | 0 | 42,368,490 | 100% | ||
donefezy | 0 | 345,806,582 | 1% | ||
marfonso | 0 | 3,406,845,861 | 1% | ||
cryptoxicate | 0 | 399,833,115 | 1% | ||
dog11 | 0 | 354,029,955 | 1% | ||
jimbi | 0 | 142,840,581 | 1% | ||
minhaz007 | 0 | 308,516,114 | 1% | ||
reverseacid | 0 | 12,172,698,209 | 62% | ||
teenagecrypto | 0 | 321,954,761 | 1% | ||
glastar | 0 | 3,532,852,797 | 1% | ||
theestateof.mind | 0 | 4,649,704,222 | 1% | ||
lagtvgames | 0 | 3,179,574,447 | 1% | ||
ketcom | 0 | 3,814,749,051 | 1% | ||
ferrate | 0 | 485,953,452 | 1% | ||
steemturbo | 0 | 499,014,838 | 1% | ||
treodecimo | 0 | 306,879,960 | 1% | ||
snuff1 | 0 | 365,068,098 | 1% | ||
tankometry | 0 | 152,780,589 | 1% | ||
jetometry | 0 | 151,880,046 | 1% | ||
rockstarbm | 0 | 131,888,164 | 1% | ||
trueexpressions | 0 | 1,081,232,005 | 1% | ||
tulwave | 0 | 469,881,812 | 1% | ||
paleotwist | 0 | 182,806,598 | 1% | ||
cryptokos | 0 | 316,294,719 | 1% | ||
hungrybear | 0 | 413,515,488 | 1% | ||
hans001 | 0 | 339,216,552 | 1% | ||
gharrington44 | 0 | 345,119,775 | 1% | ||
cryptofiloz | 0 | 1,972,405,520 | 1% | ||
p1eter | 0 | 185,767,674 | 1% | ||
cbenton92 | 0 | 66,355,215 | 1% | ||
coreyssteemit77 | 0 | 159,506,580 | 1% | ||
backscratcher | 0 | 813,947,564 | 1% | ||
x-tech | 0 | 367,781,269 | 1% | ||
red-devils | 0 | 368,174,201 | 1% | ||
itisfinished | 0 | 354,991,870 | 1% | ||
hersi007 | 0 | 523,656,886 | 100% | ||
rcoeiii | 0 | 556,304,951 | 1% | ||
bro-rando | 0 | 481,979,365,301 | 24% | ||
newtrailers | 0 | 341,447,080 | 1% | ||
trydice | 0 | 1,000,982,196 | 1% | ||
charcoalbuffet | 0 | 4,772,398,217 | 100% | ||
dark.light | 0 | 366,886,358 | 1% | ||
kajmiere | 0 | 363,805,665 | 1% | ||
the-real-betman | 0 | 912,235,402 | 100% | ||
map10k | 0 | 5,005,740,770 | 0.4% | ||
pc-tip | 0 | 1,346,233,637 | 2% |
HF21 will only hurt the little ones and make the bigger ones stronger! They are just trying to protect their investment. Maybe the steem value will stay the same, but they will just get more of it! It is an illusion that due to this change the whales and orcas will change their behaviour! Maybe they will. They will just use services like steemauto not letting their VP go to waste. But they will only support a few people, probably people with the same amount of SP. The bidbots will not be killed, they will just get stronger and will get more delegations than ever. Delegation to those will double the ROI compared to now. They will change the way how the upvote will be calculated so that there is still a potential ROI for their users.New curation bots will be born, which will vote on the posts of their delegators once a day, according to the delegation. The profit will be shared among the delegators on the owner! I do feel that the 50/50 will kill a lot od authors, it will increase the retention rate! And there is nothing much we can do about it! I did remove a lot of votes for witnesses who are in favor of the 50/50 split (some still have my vote regardless of the Yes, but that is because they are supporting or developing great things for the blockchain). That is the only thing I can do! Great post and in line what I did write today in min! Cheers, Peter
post_id | 76,715,884 |
---|---|
author | fullcoverbetting |
permlink | re-numpypython-hf21-sigh-20190620t123645992z |
category | busy |
json_metadata | {"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["busy"],"users":[],"links":[]} |
created | 2019-06-20 12:36:57 |
last_update | 2019-06-20 12:36:57 |
depth | 1 |
children | 2 |
net_rshares | 112,547,585,510 |
last_payout | 2019-06-27 12:36:57 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.048 SBD |
curator_payout_value | 0.015 SBD |
pending_payout_value | 0.000 SBD |
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body_length | 1,376 |
author_reputation | 95,255,242,917,677 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
numpypython | 0 | 35,069,004,356 | 100% | ||
crypto.piotr | 0 | 77,478,581,154 | 10% |
Thanks, Peter. Well said and i completely agree with your earlier post as well where you explained the numbers. Ultimately, this EIP will only benefit a select few at the expense of everyone else. Will be interesting to see how the Steem price reacts. Edit: Only two of my witness votes are in the top 20 but if either vote 'yes' i will remove my vote for them.
post_id | 76,716,467 |
---|---|
author | numpypython |
permlink | pteenx |
category | busy |
json_metadata | {"tags":["busy"],"app":"steemit\/0.1"} |
created | 2019-06-20 12:57:36 |
last_update | 2019-06-20 12:58:30 |
depth | 2 |
children | 0 |
net_rshares | 77,326,523,004 |
last_payout | 2019-06-27 12:57:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.034 SBD |
curator_payout_value | 0.011 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 364 |
author_reputation | 49,481,680,921,551 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
crypto.piotr | 0 | 77,326,523,004 | 10% |
Dear @fullcoverbetting > HF21 will only hurt the little ones and make the bigger ones stronger! Indeed. > Maybe the steem value will stay the same, but they will just get more of it! Most likely price of STEEM will increase in short term, simply because powering down will surely slow down as many people will seek opportunities to double their profits as "curators". > It is an illusion that due to this change the whales and orcas will change their behaviour! Maybe they will. This 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? Yours Piotr
post_id | 76,842,184 |
---|---|
author | crypto.piotr |
permlink | ptige7 |
category | busy |
json_metadata | {"tags":["busy"],"users":["fullcoverbetting"],"app":"steemit\/0.1"} |
created | 2019-06-22 17:25:12 |
last_update | 2019-06-22 17:25:12 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2019-06-29 17:25:12 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
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author_reputation | 126,215,040,536,555 |
root_title | "HF21: Sigh" |
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It might very much wipe out many of the dolphins, pretty much everyone that has been active on the platform getting something going building their own account will get screwed if this hardfork gets a pass. I hope they just give up on making it all about 'quality content'
post_id | 76,732,610 |
---|---|
author | costanza |
permlink | pteuve |
category | busy |
json_metadata | {"tags":["busy"],"app":"steemit\/0.1"} |
created | 2019-06-20 18:47:39 |
last_update | 2019-06-20 18:47:39 |
depth | 1 |
children | 2 |
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last_payout | 2019-06-27 18:47:39 |
cashout_time | 1969-12-31 23:59:59 |
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curator_payout_value | 0.015 SBD |
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body_length | 271 |
author_reputation | 89,582,302,801,873 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
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percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
numpypython | 0 | 35,766,885,401 | 100% | ||
crypto.piotr | 0 | 78,305,569,191 | 10% |
Indeed, Costanza. This would seem to penalize the more active smaller accounts than anything. One thing i dislike about this whole thing is how they are trying to pass it off as an attempt to improve Steemit when it's just a way to enrich the large stakeholders.
post_id | 76,744,272 |
---|---|
author | numpypython |
permlink | ptf7ws |
category | busy |
json_metadata | {"tags":["busy"],"app":"steemit\/0.1"} |
created | 2019-06-20 23:29:18 |
last_update | 2019-06-20 23:29:18 |
depth | 2 |
children | 0 |
net_rshares | 78,150,657,460 |
last_payout | 2019-06-27 23:29:18 |
cashout_time | 1969-12-31 23:59:59 |
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author_reputation | 49,481,680,921,551 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
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percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
crypto.piotr | 0 | 78,150,657,460 | 10% |
Hard not to agree with your comment @costanza Im about to read your latest post "HardFork 21 = Dolphin Killer ?". The title is an excellent clickbait :) Yours Piotr
post_id | 76,842,049 |
---|---|
author | crypto.piotr |
permlink | ptig7r |
category | busy |
json_metadata | {"tags":["busy"],"users":["costanza"],"app":"steemit\/0.1"} |
created | 2019-06-22 17:21:21 |
last_update | 2019-06-22 17:21:21 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2019-06-29 17:21:21 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 166 |
author_reputation | 126,215,040,536,555 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
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percent_steem_dollars | 0 |
Dear @numpypython > That's a big assumption - that whales aren't actively curating because they aren't rewarded enough and that by rewarding them double, they're going to become active and discerning curators. Indeed. This 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? Yours Piotr
post_id | 76,841,943 |
---|---|
author | crypto.piotr |
permlink | ptig3x |
category | busy |
json_metadata | {"tags":["busy"],"users":["numpypython"],"app":"steemit\/0.1"} |
created | 2019-06-22 17:19:03 |
last_update | 2019-06-22 17:19:03 |
depth | 1 |
children | 1 |
net_rshares | 32,716,792,834 |
last_payout | 2019-06-29 17:19:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 968 |
author_reputation | 126,215,040,536,555 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 0 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
numpypython | 0 | 32,716,792,834 | 100% |
Yes, that's what i see happening too. Ultimately, it's an economic problem we see in the real world as well, when too much money ends up in too few hands. Just look at Saudi Arabia, China, Russia. They end up taking that easily printed money out of the country and buy up property in Australia, Vancouver, London etc.
post_id | 76,859,854 |
---|---|
author | numpypython |
permlink | ptj0fp |
category | busy |
json_metadata | {"tags":["busy"],"app":"steemit\/0.1"} |
created | 2019-06-23 00:38:15 |
last_update | 2019-06-23 00:38:15 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2019-06-30 00:38:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 319 |
author_reputation | 49,481,680,921,551 |
root_title | "HF21: Sigh" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |