If you have understood correctly then we are fucked up mate. Those small payouts you are talking about are what...less than 1$? Everything less than 3$...maybe less than 5$?
Who will be affected most?
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If you have understood correctly then we are fucked up mate. Those small payouts you are talking about are what...less than 1$? Everything less than 3$...maybe less than 5$?
Who will be affected most?
Mediocre, and shitpost producers who post 10x / day, feeding themselves mostly from bid bots.
I truly hope you are right. I'm looking at all the Minnow and Red Fish crew. Are they going to still want to post anymore? This new curve does not seem to be good for them at all.
Is everyone now going to focus on curation only, and the post level is going to reduce by 80%? it's going to be different, that's for sure.
In order to focus on curation there’s got to be content...and most of the content is being produced by the small accounts. I am not so sure that they will be willing to post so often anymore...This is a massacre for small accounts.
If the real purpose of this HF is to fight self voters and bid bot abusers only then how about the implementation of a mechanism that allows maximum 1 bid bot per post? And how about a couple of free downvotes for everyone so that we can fight those abusers?
Am I the only one around who thinks that these curves are not good at all ?
64% and 54% cut respectively is a major reduction. Massive...
Yes, I get this feeling too. Is it going to be approved? From what I gather it is by vote but I feel this change it a little radical...
The bid bot economy is only going to grow larger as a result of these measures. Passive stake holders will switch from self voting to delegating to bid bots and other false curation services. Because of the 50/50 split, the price for bid bot usage will drop without a drop in ROI for bid bot owners, so the money being pumped around will end up supporting more bid bot SP. Small accounts will need to resort to bid bots even more just for reaching dust level, but most will want to aim for that magic 16.000 if they want some growth, so trending will end up a bigger mess than it is now.
I think that the reduction is approximately:
Although clearly these are a combination of the three reduction impacts (SPS, CLRC, 50/50) not just the CLRC.
In my view it shifts the balance of the content side of Steem away from being a social network and towards being a blogging platform. Users who currently gain lots of small payouts, i.e. the engagers and social networkers, will be most affected, as well as new users trying to get a foothold on the platform.
So instead of doing the exact opposite, we are trying what exactly?To hammer the payouts of those who earn pennies and discourage all those which we have desperately been waiting to join us for so long?...maybe we are doing things wrong....? Just saying.