There is a little bit more talk that the IEP could be part of HF21 but there has been no official announcement so don't pin me down on it.
But the EIP is on my mind a lot and how can it not be? It will impact the way I will use and invest in Steem heavily and so will it be for everyone that's actively building on Steem.
I talk about it in my vlog.
I am part of witness @blockbrothers.
Please consider us for your witness vote if you think we deserve it here:
Vote for @blockbrothers via SteemConnect
Set blockbrothers as your proxy via SteemConnect
We are the creators of Steemify a notification app for your Steemit account for iOS.
Get it Here:
▶️ DTube
▶️ IPFS
Don't worry, they key of the change is:
@timcliff, made a great post about proposed SPS/EIP changes that is really worth reading.
While it might not look like making things better for the authors (because of the shift of author->curator rewards) it is actually to empower content creators by creating better incetntives for curating good content.
There are however some authors that wouldn't like those changes, those who spam 10x/day only to selfvote.
I guess this depends on the viewpoint a person has what Steem should be.
What's wrong with the behavior of building on Steem, growing your steempower and using your steempower to expand your blog/business?
It's a slow process but it is steady and that's how STEEM ends up in strong hands. That's how you get thousands of minnows and dolphins (2000+) that deeply value their account and the SP they have acquired. They won't just turn around and sell it. This is the strong middle class I talk about and they also have every reason to buy and hold STEEM.
My vision for Steem is that it will become the biggest social economic ecosystem in the world and this is the group that will get hurt the most by these changes. The absolute core of the Steemians.
Giving Steem rewards to new 'amazing' content creators will make sure STEEM ends up in weak hands. There is no reason for them to hold onto the given STEEM. What's the point for them to keep it? They will have no influence if they stake it making selling it for "real crypto" or Fiat straight away a very good proposition. We have seen this behavior in the past.
For STEEM to have value their must be a reason to have it. I don't see it under the new model. Why would anyone want to buy STEEM? to upvote others so they can sell it back to them? It makes no sense.
Linear is far from ideal but it is not bad. STEEM price has come down, but Steem went through the biggest crypto bubble the world has ever seen in its 3-year history. It took a long time to bottom. I think we have in Dec 2018. Since then the price has doubled in dollar value and we have been slowly going up.
No doubt there are better models out there but the proposed model is presented as 'we have no idea what will happen, we think it's better'.
It's very dangerous. So I will worry. Can't help it.
Yes. But from what you are writing we have very similar point of view, the only difference is that I see new model fixing many of those issues while you see it quite the opposite and I don't understand why.
Bigger curation rewards empowers those who have SP.
Guess what I'm trying to say is that I hope that this change won't make the middle class of Steem that has worked hard on their own account by investing/grinding/blogging feel less empowered because they won't be able to use their vote in the way they were used too (a stable vote wherever/whenever you vote on the blockchain).
It could potentially be demotivating losing that. I remember coming home from Steemfest 1 and I finally crossed 10k SP and my vote was worth 1 cent for the first time on steemit (this was under n^2). When it changed to linear it was worth a lot more and it was stable and that felt great.
Linear is what most Steemians know today. It's also easy to understand.
Under these new rules, I don't know what sort of impact this will have on current SP holders. I don't know how much a 10k vote will be worth on a post that has no votes for instance. I'm assuming it's a lot less than now and more on a post that already has a lot of votes.
I know these changes incentives users to vote for content that has the most votes or for posts they think will get a lot of votes for curation rewards but it also takes control from current Steemians doing their own thing. (and yes I understand this also involves abuse and self-voting and what not but Steemians also do a lot of good under current structure).
I hope when the announcement comes out that every Steemian at least knows how this will affect them and what the reasoning is behind the changes.
Anyway, I want to thank you for replying as a top 20 witness. That was cool.
Thanks, now I know what you are concerned about. Actually quite interesting aspect. More related to UI/UX which usually mostly sucks. What I didn't liked in n2 days was that there were no info on actual impact that you've made on a post.
That info can be precise only at the post payout, with more complex algorithm it could be more tricky to guess.
With upcoming changes it is worth making visible on how good your curation efforts was.
FYI: @steemchiller - new challenge for SteemWorld :-)
First of all, Steem's inflation should be removed for rewarding the content creators and rewarding should be delegated to front-end DApps. DApps can launch their own TOKEN and reward algorithm to discover contents. Current inflation is not keeping up with low demand. If Steem did not have relative high inflation, it would easily sit at top 30 in CMC.
EIP may help a content discovery frontend such as Steemit, but it will kill other business models. Steem should be neutral to any content discovery models and DApp/business friendly. It should help DApps to be built and make their own rewarding algos. Steem should be removed from such controversial or unpredictable outcomes. Let SMTs handle it according to DApps need.
Steem's Inflation should go to protocol developments, witness compensation and PoS interest (2-3% vs current 8.5%). Rewarding content creators (in Steemit) should be done with SMTs. STINC should launch their own SMT, share profit from ads with celebrity creators by SMTs and experiment with all kinds of EIPs.
Steem Investors will still earn TOKENs through RC/SP delegations. @steemhunt, @actifit, @dlike is already showing a good examples. Creators and DApps will figure out optimum synergy with a token to distribute. EIP will make Steemit relevant, but other DApp models to be inconvenient.
Bidbots are not evils. It is an alternative to the advertisements. They have their own business model. They can find their own front-end DApp with TOKEN where they can succeed or thrive. Competition within front-ends with SMTs will spur innovations.
All the front-end DApps can try their own SMTs with different distribution technique. Finding a sweet algorithms to rewarding the best content is more than rocket science. A former founder, @dan is bragging that he can fix it, I totally disagree. It needs lots of trials and errors and should be the realm of DApps.
DApps with SMTs can try different algos. @steemhunt, @actifit, @dlike and others are already experimenting. Steem's inflation and broken rewarding is helping its price.
Can we prevent this somehow?
I am invested in Steem for the same reasons you are @exyle and I like the way the system is now.
For me.. the better technique would be to use artificial intelligence like YouTube and Google does to show the best content as opposed to adjusting the rewards and payouts.
That's the UI/UX thing. AI has to have some input, curators give that but curators are those who use SP. Now people would rather sell their SP to bid bots instead of using it themselves for curation, because they obviously want to profit. We want people to profit from activities that are good for the platform.
It might be worth mentioning that I am planning to give 100% of the reward pool from Humanist.xyz to delegators of which I and my family will be delegators.
I am also plannning on possibly giving all earnings earned outside of the reward pool from all of my project to delegators.
If I do this.. and I am successful.. others will follow and SP holders will stop delegating to bidbots and start delegating to actual companies and projects that produce value instead - for a GREATER return.
That is the exact thing that @exyle is waiting for and I was planning to do it first with the help of @buildteam @thecryptodrive and their software Dapp @tokenbb.
P.S. I also own Crowdfunder.xyz @crowdfunder.
Why not launch a #Steemit SMT to fix this so we can have our cake and eat it too with our current Economic System AND a functional @steemit.
Remember.. Steemit is NOT Steem.. they are and SHOULD remain separate and it might not be good to corrupt the Steem ecosystem for the sake of a single Dapp:
TAG: @exyle
It's all about Steem, obviously, not Steemit.
SMTs won't help much if our base economic is broken.
@gtg,
I think this post by @timcliff helped me understand it more. Thank you guys 😀
https://steemit.com/hf21/@timcliff/hardfork-21-steem-proposal-system-sps-economic-improvement-proposal-eip
@gtg,
I just read another post that actually agreed with what I said earlier about SMT's and also with @exyle:
https://steemit.com/busy/@taskmaster4450/is-steem-heading-for-a-new-coke-moment
Do you own a bidbot service @gtg?
If you do it will start earning more after it's change in compensation.
I was hoping that @steemit would really move into thrive mode but this suggestion by witnesses might finally be the last nail in the coffin for #Steem.
@therealwolf and other bidbot operators are slowly killing @steem and @ned @andrarchy and @elipowell @steemitblog are helping.
You are very right but I think getting more good content creators will be more valuable asset later in the future.
Posted using Partiko Android
True, but just getting them is not enough. We need ensure that they would want to stay. For that, they need to be found and recognized, that's why curation is important. We don't want authors to be rewarded only if they pay for votes.
Yes, Yes, Yes... You are absolutely right on this aspect, we need to see that all this authors and great content creators stay on the blockchain and even build more reputation to bring more people into the platform. Yes, I thought of this many times but you see, this world entire people want to see and believe. But few of them will definitely see, believe and run when the time comes but it is good to see the blockchain growing with people with good content and Even willing to stay on the platform. @gtg I second you on this aspect.
Please. What's your twitter handle. I have followed you here on steemit. Thanks in anticipation. Here is mine as steem usrname : @matthewtonyit , I am a farmer but I sleep and wake up on this platform.
I don't use Twitter.
Okay. I get you.
Posted using Partiko Android
just keep doing you regardless man! :) you have options regardless. being not in any cliche and doing the 'you' is the primary driver for using the chain for me, can't wait to build out my own condenser frontend look and feel.
also, dude, you make great content.
Thanks, man.
I hate to say this, but this hf could lead to a substantial decrease in motivation to be a content creator...which a lot of people are. The core you talked about, the middle class is probably going to get hit the worst among others.
However, I am open to change and only time will tell if it is the best decision or not. Adapting to changes is crucial.
I trust witnesses with my votes and I know they will make the right decision.
Thank you for sharing your thoughts.
So it is bad for content creators with 200.000 steem, it is bad for people that have 100-5000 steem, it really sucks for the new people, so who the f is it good for?
I have been thinking about it some too, but in the end I don't really feel like I have much say in changing it if I wanted to. I kind of feel like being so small whatever we think really doesn't matter. Sure I can vote for witnesses that think the same way I do, but at the end of the day whatever is going to happen will happen and I just have to deal with it.
I'm not sure how this Hard Fork will affect people here. It seems that to me that the content creators will decrease with this move.
The only thing we can do is wait and see. Interesting Times on Steem!
This change must be very popular with the top witnesses if we're already talking about it being implemented... the original steemit blog seemed to frame it as something that wouldn't be happening for a very long time.
I'd like to see a few worked examples of scenarios and how this would affect different levels of accounts.
I think I'm personally in a position to be able to turn it to my advantage: I'm quite good at the curation game and I've got access to OD pro-tasks which pay well, but I'm not most people on Steem!
I can't imagine my Splinterlands giveaways which I do with my 2K SP alt account, with 15-30 cent pay-outs per post will weather this change, and that kind of level of interaction is more representative of most people!
It'll make more sense for me to PD that account and add it to this one.
I need to read around and solidify my views on the issue!
That's the good thing and support from your end towards the community. ☺️
Posted using Partiko Android
Agree that we will constantly need to adapt to changes that arrive with the HF. What will also be interesting is to see how the witnesses start engaging with the community in order to decide whether to support (or not) the HF; I think many learned after the last hard fork that having engaged witnesses aligned with thoughts is important and I believe the witnesses will be more vocal and engaged about it come the time to decide. Those who don’t will probably be voted out of the Top 20.
Posted using Partiko iOS
You know there was a poll and most of them are in favor of the EIP changes?
Lifetime Upvotes by Steem Basic Income 💰
I've upvoted this post and want to take the possibility to tout my Upvote Game (since May 2018). Your weekly chance to win 3 shares of Steem Basic Income for your lifetime upvotes. Have a look at my blog... @retinox
I am ready with positive vibes, change is good and often an unknown territory.
Posted using Partiko Android
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
Glad to catch your blog this morning. I hope to heavens there's only good changes in store for Steemians. It's a very good thing to have these discussions ahead of time as opposed to 'wait and see' which seems too passive of an approach. Better to talk and sort out the details.
Nice
┏━━┓┏━━┳━━┳━━┓┏┓
┃┏┓┃┃┏┓┃┏┓┃┏┓┃┃┃
┃┗┛┗┫┃┃┃┗━┫┗━┓┃┃
┃┏━┓┃┃┃┣━┓┣━┓┃┗┛
┃┗━┛┃┗┛┃┗┛┃┗┛┃┏┓
┗━━━┻━━┻━━┻━━┛┗┛
Nice!!!
I have a new proposal to encourage manual/own curation: add a small "fee" for delegations, value own/native Steem Power a bit more than delegated Steem Power, that's the idea, outlined here: https://steempeak.com/steemit/@vikisecrets/hf21-eip-solution-proposal-for-bid-bots-and-delegation-abuse-add-a-small-fee-for-delegations
UN DIALOGO IMPACTANTE, Q ME LLEVA A LA RAZON