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RE: You are a Zero | The Dust Threshold
Hey, @maverickinvictus.
Would you mind taking a look at this screenshot of the last HF 20 update and tell me what you think it says. I'm trying to figure out how this doesn't already address the Tim Cliff kerfuffle and how you can raise a dust threshold that will be eliminated. Thanks, sir!
It means unless you buy SP to add to your account, you do not matter to those who got in early.
It definitely seems that way. At least with some. I haven't ran into everyone yet. :) The sad thing is, I did buy SP, or STEEM rather, then powered it up. And it's not an insignificant amount for me. But to those holding higher SP it probably is too small to matter. :)
This is just showing that those with wallet power is the only thing that matter and should be rewarded.
For teh rest of the poor saps like me have some dusts.
What amazes me is the with each patch they do, it seems like the law of unintended consequences swings heaviest on the lower levels. I guess I would have to be on higher levels to really know, but I'm not, so I'm not sure what other perspective to try to have that I can actually relate to.
I'm still here, though. Posting, commenting and curating. :)
So that's basically making all votes under 1.2 get reabsorbed into the system? Which is supposed to stop larger accounts from making those 5% votes? Does that compound like the dust vote, or if 10 people made 10 votes worth 1 each it would all get absorbed?
I think the payout dust threshold is slightly higher than 1.2, but basically yes—if something doesn't get over the threshold, and then maintain it (because amounts adjust over the seven day period) then it's gone, reabsorbed, whatever happens to it. That part, I'm not so clear on, just where it all goes. It would seem to me that once it's created and allocated that it couldn't just disappear, which means it goes somewhere. I don't know. I've been hoping someone might answer that.
I'm not sure what it's supposed to do against the larger accounts. It's supposedly keeps the computation load on the blockchain down. That's what I got out of it.
As long as the accumulative amount on the comment or post exceeds the payout threshold (0.019 or whatever) then no, it wouldn't be absorbed. So ten people each voting $0.01 would make $0.10 and get paid accordingly.
Hey @glenalbrethsen, do you mind telling me where you found the last update information so I can read the whole thing?
It came from the Steemitblog at the end of December. Here's the link: https://steemit.com/steem/@steemitblog/hardfork-20-velocity-development-update. That's the last one I've seen from them regarding a HF 20 update, but that doesn't mean someone else like a witness hasn't provided some information since. There's plenty of other things of interest on the steemitblog too.
An "attempt" to make it fair for everyone as they saw that some larger sp users profit from votetrailing Curation trails with "inconsequential" votes of 1 percent or lower on some trails.
Well that again is something I don't like because it again affects me. I have set a 1 percent vote to one trail as they usually upVote up to 30 people a day if I set it higher then it will destroy my voting power.
Although I don't do it for curation rewards but for the fact that I want to support what it votes on so with a shifting down it will make my vote useless.
Wow just wow on some of these ideas. Facepalm after facepalm.
Yeah, so I guess my point in sharing all this is, people weren't happy, and rightly so, about Tim Cliff's idea, but his was just that, an idea, one, as far as I know, he couldn't just implement.
In this case, and more, this is what's actually coming our way, good, bad, ugly and in between. And as far as I know, there's no opportunity to address or readdress them. And to whom, even if it were possible?
Guess someone needs to make posts that address the top 20 witnesses and the largest voters thereof?
Seems to be about the only way, outside of maybe getting on Discord and chatting with them. I think there's a lot that goes on there because I keep hearing about such being the case.
The witnesses could then address it with Steemit or the devs or whoever, but from what I've read from earlier posts than steemitblog HF 20 update, they already conducted a polling months ago. At least a month or so before the update. So, I think HF 20 is pretty much a done deal. Except we haven't seen it yet, of course. :)