With current STINC and top witness support, EIP "will" get implemented. As "active" steem comunity member, what will you do?
The EIP proposal consists of three parts.
- A convergent-linear reward curve instead of a linear reward
- A much bigger chunk of the reward pool allocated to curators
- A separate down-vote pool
I've spent quite a few posts discussing the problems with this proposal. A proposal that has the public support of Steemit Inc, and next to that the support of a vast majority of the top 20 witnesses. That pretty much means the proposal will get implemented. The only question that remains is: when?
I could get into all reasons why this proposal is more likely to hurt than to enable the STEEM economy, but if I did I'dd just be repeating myself.
So instead I link to my earlier posts and polls:
- A poll asking what actions by passive stake holders are best for the platform
- A counter proposal in line with the outcome of the poll
- Elaboration on n²/(Sn+1) vs nS^log(n) reward curve
- An idea for fixing the down-vote pool proposal by making down-votes hit curation more
In short, the proposal as is will make it much harder for new accounts to reach minnow status, hindering growth. Will create extra incentive for passive investors to choose delegating to or running bid bots over the less disruptive use of up vote, and generally will disincentify the creation of top content by greatly reducing the part of the reward pool allocated for content creators. There are ways to fix this, as outlined partially in the links above, but as is, the proposal will hinder growth, hit the small guys disproportionally hard, and will allocate more inflation to passive stake holders and less to active content creators than is currently the case.
Of the top 20 witnesses, 15 have expressed their full support for the proposal in its current form. 3 (@anyx, thecryptodrive and @themarkymark) have expressed their partial support and only one, @yabapmatt has voted against the proposal in @cervantes's poll.
Voters below the top 20 (@drakos 21, @kly 78, @krnel 96 and @pjau 99) are mostly way down in rank and thus the probability that the EIP proposal isn't going to get implemented as is is rather small at the moment.
If you are an active content creator about to get hit by the consequences of the upcoming hard fork that will implement these changes, how do you plan to react to to these changes.
Check any of the options that you seriously consider.
If you are already mostly a passive stake holder and not a content creator, please don't vote
- Power down, sell and leave the platform
- Power up and join the ranks of passive investors.
- Move my witness votes, maybe they get the message
- Blog less, curate more
- Start looking for a STEEM alternative
- Wine about the change and hope top witnesses will change their mind
- What are you on about, these changes are great for content creators.
- I'm a passive stake holder, not a content creator, but can't resist voting on this poll
Answer the question at dpoll.xyz.
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I like to vote provocatively ;) The poll is pretty one sided so I picked the only level headed option...
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I didn't know about this poll among Top 20 witnesses for this matter. I'll look into it. Most likely, I'll remove a lot of witness votes, if that's the case.
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I have no idea what most of this means. I do know it's hard to NOT get sucked into at least some passive investing (I think that's what you would call a few of my actions), or I wouldn't have survived as it is. I would much rather not have to do that though and just create my content. Seems to me that you describe the way of the rest of the investing/producing world.
I'll give this some more thought. Thank you for the info.
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A new reward curve sounds reasonable.
Separate downvote pool will increase toxicity.
Increased curation rewards will have no effects on manually voting minnow accounts.
This one is not for new/small accounts.
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I'm not really sure if this is good or bad. I do not care. If you had a choice of "other" I would vote for it.
If that many witnesses are for the idea, I will wait and see. I have to keep trusting them until I don't in order to work here.
I will keep posting 40+ posts a week on my three blogs no matter what they do in whale and witness land. Whatever they do, I will adjust. Maybe I will change my curation strategy. I will not know until the change is made.
I have not followed this much, but I did read somewhere that this is supposed to stop whales from their self-voting and circle-jerking. I do know why it would, but I am too busy to worry about it.
I write minnow tips, research and promote the dApps, and help obese people lose weight on my blogs. I will be attending STEEMfest. Other than adjusting to new paradigms, I do not see myself changing my ways unless the place dies.
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Lol, atp, if stinc is for it, look out!
The best solution i see is an influence cap.
Until then it won't really matter what the little guys think, other than to categorize us.