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RE: Hardfork 21 is HAPPENING. What will change?

in #hf216 years ago

Reposting from my comment to @jenina619 who also voiced concern about this being about the rich getting richer:

This is not true. These changes are designed to ensure that good content is more likely to earn more rewards and good curators are more likely to earn more curation rewards. That means that if you're a good content creator, the odds are that your good posts will earn more rewards. It also means that if someone who is just posting low-value posts and self-upvoting them, or using fake accounts to upvote them, they will be much less likely to earn much from that activity. They will also be more likely to earn a downvote now that everyone is getting some free downvotes. This will free up rewards that are being distributed to malicious users who are exploiting the system just so they can cash out, and make those rewards available to good content creators. These changes only impact the rewards pool, which is not distributed based on wealth except when people render self-votes. But these changes are specifically targeted at making self-votes LESS profitable and easier to police. So, in fact, the result should be the exact opposite of "the rich getting richer."

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These changes only impact the rewards pool, which is not distributed based on wealth except when people render self-votes. But these changes are specifically targeted at making self-votes LESS profitable and easier to police. So, in fact, the result should be the exact opposite of "the rich getting richer."

Thank you for clarifying that information. I appreciate it.
Now I guess we sit back... wait until the clock ticks away for August 27th at 11 AM to arrive.