Viewing a response to: @midlet/hf-21-predictions
Dear @midlet I'm here because of @thecryptodrive. He mentioned you in his latest publication.. HF21 is definetly a hot topic right now :) Personally I'm not that optimistic on upcoming changes. Major two things (for common user) that will change is: a) non-linear reward curve - it will most likely "kill" culture of upvoting comments (time will tell). b) 50/50 reward split - since PALnet seem to be leading in that direction we can already witness how does it really work. And so far it seem that 50/50 only create extra selling pressure, since curators are more willing to dump their easy earned PAL tokens. Can we expect different behaviour on Steemit? Why would we? I'm full of hopes that HF21 will make things better, but right now I'm not very optimistic. I strongly believe that when it comes to PRICE steem has still long way to go (down). Upvote on the way. Yours, Piotr
post_id | 79,455,243 |
---|---|
author | crypto.piotr |
permlink | pwuh7d |
category | palnet |
json_metadata | {"tags":["palnet"],"users":["midlet","thecryptodrive"],"app":"steemit\/0.1"} |
created | 2019-08-26 12:54:21 |
last_update | 2019-08-26 12:54:21 |
depth | 1 |
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net_rshares | 111,534,158,320 |
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cashout_time | 1969-12-31 23:59:59 |
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root_title | "HF 21 Predictions" |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
midlet | 0 | 110,886,123,373 | 10% | ||
coach.piotr | 0 | 648,034,947 | 100% |
Hi @crypto.piotr, the non-linear rewards curve will more than likely suck for comments, but it's there to stop the thousands and thousands of leaks in value we have here on the platform from malicious bad actors as well as regular users spamming or adding endless low value content. I don't think there was a perfect fix that would fix all that without doing any collateral damage. I feel it will be a net positive. I worry it may be something that's not super visible to the average user though, so we may see an increase in price and it will be hard to say what it's coming from. Also, there's a ton of other contributing factors, so I think it is a good idea, but it's still not clear what the impact will be. I don't think there's much of a correlation between the 50/50 reward split on PAL and the selling pressure. I think the problems every tribe will face is giving people a reason to hold them. Currently you can earn them to sell them or power them up. There's nothing else you can really do with them. It's not a huge list, but you can lease SP, you can gamble or play games with it, obviously it's still by far the most valuable, it's traded on plenty of exchanges, etc. Tribes are still in their infancy and I'm pretty sure none of them have any money coming in from anything. Give them time. Like you, we're all hoping for the best, but I'd also urge everyone to prepare for the worst.
post_id | 79,461,177 |
---|---|
author | midlet |
permlink | pwuqb0 |
category | palnet |
json_metadata | {"tags":["palnet"],"users":["crypto.piotr"],"app":"steemit\/0.1"} |
created | 2019-08-26 16:11:24 |
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root_title | "HF 21 Predictions" |
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> but it's there to stop the thousands and thousands of leaks in value we have here on the platform from malicious bad actors as well as regular users spamming or adding endless low value content. That make sense. Thanks for your amazing comment @midlet I hope we can also find a way to stop steemit from selling so much :) Yours, Piotr
post_id | 79,846,626 |
---|---|
author | crypto.piotr |
permlink | pxk6qn |
category | palnet |
json_metadata | {"tags":["palnet"],"users":["midlet"],"app":"steemit\/0.1"} |
created | 2019-09-09 10:06:09 |
last_update | 2019-09-09 10:06:09 |
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root_title | "HF 21 Predictions" |
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