I was not a fan of this change until I really spent some time to think about what it will do here. So let me go over what I think it will do an why I am now okay with the idea.
I myself use the TIPU service. I don't buy big votes I use it as a way to power up my account. It might seem silly but I saw no reason to turn sbd into steem and power up when I could send the SBD to TIPU get a vote get a token to earn back payments and be able to repeat pretty much forever. As each post always gets back some funds in SBD. I am not sure if people approve of growing my account that way but it pushed me past 2k SP in a little over a year and I only bought maybe 300. What this change will do to TIPU is make it much harder to use. Same with all bots. To stay open they will need to give you 201% your payment or you lose ROI. Sometimes people are okay to lose ROI but they are promoting a post with real content or ideas. I feel those people will still use a bid bot at as low as 190%. Still, this means the bots will get way smaller payments and be able to give out way fewer votes. The adjust they can man is to offer to pay you out part of the curation but that is harder. As half of it will become SP they will be forced to wait for power-downs to send payouts. All of it will be much harder to manage so I feel more of the bots will just quit.
Now for the 50/50 for normal users. Here is what it is going to do to me. I have over 2000 SP but I only vote with a 1000 SP vote. Why because it is way more profitable to delegated my steem power away to services. Some of mine I give away to support friends but a good 800 is out there earning. But after 50/50 I would stop doing that. If I get half my vote back I want my vote to be as big as possible. This to me is a good thing.
I will also point out that the people who are here just for themselves buy votes for-profit and voting each other will still try to do that stuff. But if they join a curation trail and just collect at least they won't be powering up silly posts. We shouldn't see as many two line post earning 200 dollars. Instead, we will see curation bots running around powering up what I hope is good content. I hope this helps a bit for you to see what I see happening. Let junk post bid up means more quality stuff makes it to trending. If we start to payout good post with big numbers higher quality content creators will come. Users like myself will stop lending out our SP for self votes and start voting for more content that is good.
Hello friend, thanks for stopping by and dropping this fine comments that support (not only support but give detailed arguments) how HF21 will mark the end of Bid bots or at least leave the bot owners in serious trouble. This is one of the best comments I have read in this regard. I sincerely appreciate your point of view.
Dear @stever82
Thx for taking the time to share your opinion with us. Amazing comment buddy.
Perhaps you're right. I think bot owners will take into consideration the fact that their bots will be growing twice faster now and they only need to adopt their current algorythm to new situation.
Seriously it's not going to be that difficult. It's just playing around with numbers a little bit.
Interesting point. Something to think about.
Proposed system can only work if so called Whales would actually start delegating their Steem Power to quality curators. That would indeed allow those curators to be rewarded for their work and benefit entire platoform.
I'm simply afraid, that this will not happen. That at the end most whales will continue auto-upvoting publications of very few people, with their powerful votes and without putting any effort they will start earning x2 more than they did so far.
It surely would encourage them to slow down with powering down, which in effect would most likely bring up the price of STEEM. But that is the only positive outcome. And what would happen year from now, when those "whales" would start dumping this easily earned STEEM?
I wonder if you would agree with me on this one.
Yours
Piotr
I am not so sure the whales will get as much as you think. I know most of them to have more than one account. So they can self vote without it looking like it. Now they have to share those votes with anyone else voting for them. Also, the downvote pool will help to avoid stuff like that if used correctly. It will make much more sense to have all you SP in once place and go and hunt for a good post to vote for. In that case, if you vote early you get a big piece of that 50% I am not a whale at all so I can't know for sure what they will do but I fell like it is harder to abuse a 50/50 set up than a 75/25 set up.