No. He is talking about post hardfork. People self voting get 100% of their votes each day, if they are forced to curate, the will get 50% of their votes each day, if they are good curators that is. This will not create more demand for SP, instead it will create less.
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Even more so with the 1 minute window. The switch to 50% will make smaller stakeholders earn more because they can automate, where actually manually curating orcas and whales will be the ones subsidizing the increased curation rewards of early voters. Anyone minnow could easily sacrifice their $0.02 and upvote after 6 seconds in order to maximize their return. Upvote Acid and Bernie as soon as your script allows and you're golden.
By trying to fight "abuse", the behavior of few, each new proposal (and HF) is actually penalizing investors because the focus is constantly on Minimizing abuse. Which, as per white paper, can not be annihilated. The focus should be on actually improving returns also for larger stakeholders. That will increase demand, not a model in which the HODLers subsidize even more.
We know the Austrian model is not what drives Steem anymore. Returns are, not idealism and ideology.
Yep, I completely agree. This fantasy of chasing "quality content" is what is actually going to kill this place. If it had been geared towards people maximizing their returns it would actually give people a reason to invest. Right now there are few few reasons and every hard fork is giving people less reasons.
That's the thing which seems to get forgotten here: every recent HF has penalized the "freedom" of larger stakeholders.
While I agree with some improvements in spirit, they all were an investment deterrent. As if inflation alone, not even to mention the premine, weren't enough deterrents yet to attract more traditional, long-term investors. Not wild wild west cowboys... investors who do not look at any return in first 2-3 years.
They are trying to cator to content creators since they are the ones with the loudest voice. Yet they want to be paid out for their work without having to buy-in. That is an unsustainable ecosystem unless they were to back steem rewards with advertising revenue they are generating... that would be a great idea if they would do that actually.
The window is going to be 5 minutes. The 1 minute has been modified.
Cool will set script to frontrun 10 blocks after publication then. 👌
Lose some from the new curve, make up for it with more low[ish] SP front-running accounts. Some farmers are going to love this.