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RE: HF20 - Celebrate The Upgrade What’s to Come....

in #hf206 years ago

Hello friend, don't worry about it. This is because many still not understand the platform that actually has many complexities. I agree that it is a matter of time for them to understand and I particularly want to create a network of positive people and they come to understand that many upvotes smaller than 100% can represent much more than 1 upvote of 100%. Regards

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Exactly. I guess I will do a post on that. From Plankton to Plankton. Thanks for your appreciation.

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Hi @chbartist , I think @msicc and I may have had encounters with the same sort of people. I won't vote on posts with accumulated reward value greater than a few dollars and not at all on posts that have been promoted with upvote-bots.

I know of several well-established account holders, who do scold plankton for upvoting their posts and are not above hurling accusations of theft as the motive for LIKING their posts. They do understand the platform completely, some are developers, and their attitudes are well-informed. I have a few such encounters documented in the comments of my last post here:
https://steempeak.com/steem-bounty/@justmeagain/why-i-do-declare-it-s-1861-in-the-steem-world-social-experiment-and-a-civil-war-is-unfolding

The HF20 has brought relief to larger account holders from the reward-nibblinng of plankton. Now votes worth less than .02 will have a value of ZERO and will not impact rewards. Plankton can now upvote as much as they want, but they will earn ZERO curation rewards by doing so.

I will refer you to the Dust Vote Threshold Changes section of the HF20 Update linked here:
https://steempeak.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20

I have limited commenting credits, so I may not response quickly to your reply, but I did want to make sure that we all understand the HF20 changes and what we should expect from the Steemit platform from now on.

this sucks because its the plankton that need the rewards. It seems steemit make moves to support the folks with over 1,000 Steem which many simply do not have. now the small holders are earning even less and will likely fall off from lack of rewards esp since they will lose out now that their votes wont earn them anything....

it always ends up becoming a plaything of the rich no matter how benevolent it starts off..

I came across the following statement while searching out the perspectives of more established Steemit users:

fitinfun (64) 7 days ago
I do not know one thing about this ned guy except that he recently pulled his large delegation from @surpassinggoogle. This has been a widespread tragedy over the last weeks as @surpassinggoogle helps minnows 24/7 and has all kinds of tags he developed, nurtures and supports.
Anyone can pull a delegation at any time and - thanks ned for the time you had it there. I hope you have a better place for this money, but I cannot imagine what it would be if you want minnows to succeed here.
I was late to this party and do not know the ned story at all beyond that issue. I have never seen any post or comment from ned in the 1.5 years I have been here. I am not saying he hasn't posted, but I have not seen it if he has.
Why do I post on a headless platform and watch people jump ship day after day? I have no idea...
https://steempeak.com/hegaveup/@berniesanders/why-doesn-t-ned-use-the-network-he-created

My impression is that the new, but undeclared, objective is to STOP FEEDING THE MINNOWS. I think management aims to clear out the bottom tier and reclaim rewards that have been spread too thinly and broadly. This is the 'dust' that I think they are going to start sweeping up. The plagiarism bots have been sweeping up a lot before rewards reach payout, but I think they've just dialed up the program with HF20. The work-in option for joining, as explained in the White Paper, is effectively abandoned. Joiners either buy-in or they are sponsored by existing member delegations. I presume they met their membership goals and now it's time to shut the door. It's an 'Exclusive Freemium' now. Those are my conclusions after examining the evidence, spread around the platform.

Still, I don't see the means for achieving an ROI, with or without small accounts. Investors put their USD into STEEM, which is converted to SP and the currency circulates in a closed system. It doesn't earn real value. Profit is made through the pump and dump game. Anyone who bought at $4 or more has lost $3 USD, given the current price of STEEM. They can hold out for a return to higher prices, but the trend line doesn't look promising. The company wins if it fails, because they are holding your $4 USD.

There's something funky with the latest pumps that even the article authors find bizarre...They don't look organic. Rather they seem to be orchestrated, or the act of a single huge investor. I suspect existing investors are recirculating their cashed-out funds.

"Only Steem is defying the dump with an 18% pump at the time of writing. A strange occurrence since their blockchain has been suffering with technical difficulties lately."
https://www.newsbtc.com/2018/09/18/another-10-billion-lost-why-have-crypto-markets-dumped-again/

STEEM Price Surges 31% Ahead of Steemit Velocity Hardfork
"On Monday afternoon the coin price surged 31%, climbing from a price of $0.852111. The majority of those gains came in less than an hour, between 16:00 and 16:30 UTC. The highest single concentration of trades comes in the form of STEEM/USDT on Huobi, while the rest of the market is shared predominantly between STEEM/BTC and STEEM/KRW."
https://hacked.com/steem-price-surges-31-ahead-of-steemit-velocity-hardfork/

What are your thoughts on this?