RE: To my witness supporters: Lets vote on hardfork 17 by teamsteem

Viewing a response to: @chitty/to-my-witness-supporters-lets-vote-on-hardfork-17

steem · @teamsteem · Mar 18 '17

I tend to be in favor of it and at this point plan on updating to HF17 this weekend.

👍 personz

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@ebryans · Mar 18 '17

[HF17 Commentary](https://steemit.com/steemit/@ebryans/steemit-s-hard-fork-17-the-witnesses-are-planning-a-whale-smorgasbord-and-plan-to-make-it-look-like-generosity) - you might re-think, as everyone else who has actually read it has done.

👎 personz

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@teamsteem · Mar 18 '17

Thank you. I have read it and also read your more in depth analysis. I agree with some of your points. I think curation rewards to the comments might be abused but that rest to see. 

I think you might have some numbers wrong too. I'm not sure. 

As I understand it, 38% of the reward fund will go to the comments. Then 62% of the reward fund will go to the author's post and a maximum of 25% of those % will go to the curators. That's how I understand it. Also there is multiple ways to abuse the system. This is stated in the whitepaper. The idea is that abusing the system for oneself is bad for everyone else and thus everyone will fight the abuse so that overall Steem gain in value and the abusers on average won't benefit from their behavior. 

I tend to be against all curation rewards and I'm in the top curators...

👍 ourlifestory

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@ebryans · Mar 18 '17

You are right about the numbers @abit corrected me on that - The github post was very poorly worded and I got it wrong.

Therefore, this is my understanding:
![img](https://i.imgur.com/cE0JQ2q.png)

The distribution % is slightly different. It does not however, affect the capability of whales to hijack the rewards pool. There will be bot posts, bot comments and bot voting on an unprecedented scale.
All I have here is a tiny influence on the way in which votes are counted and valued.
I do not have an answer to the invitation to rort the system.

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2 replies