The Fork and the Bunny
There's a Fork in front of us,
it's a hard fork, not a fluffy one, but it will be quite dusty!
TL;DR - HF21 will make my job a lot harder, but the mission will continue. I will take a quick nap on fork-day, but I will carry on fluffing up dust right away, once the fork has settled.
Dust after the Fork
The dust situation will get worse after HardFork21. Right now, the SP-requirements to generate a dust-proof reward with a single vote is at almost 1.7k SP. With "convergent-linear" rewards after the Fork, this will basically be doubled to well above 3k SP!
"Convergent-Linear" What?
Well, convergent linear rewards, but to be more specific: It's the relation of upvotes to rewards. Technically the relation between "rshares" and "claims", but for simplicity, let's just keep calling it votes and rewards here.
It takes effect when the collected votes on a post are converted into reward-claims on the seventh day. Every post and comment made since yesterday will already be affected by the new reward-rules.
Under the current conditions, the relation between votes [rshares ]and rewards [claims] is perfectly linear, 1:1, shown as the blue line in the graph to the right. The new rules will change that relation into what has been dubbed a "convergent linear" one, shown here in red.
It's been called that way because it starts off slow and then converges gradually towards a linear relation as more votes are being collected.
It doesn't look all that bad at first, but that graph is shown on a scale that's relevant only to a super-whale-vote, or applicable to a post with trending-level rewards. That's obviously not the kind of stuff I am concerned with.
After zooming into the graph to get a better look at how this will play out on a dolphin-scale, the problem becomes a lot more visible.
The new rewards compared to the old ones actually start of at a quota of about 0.5:1 and it won't get close to 0.9 before $2.50 in total rewards have been reached. On my end of things that translates to:
Twice the voting power will be needed to get to the same level of dust-proof rewards: $0.02.
If you want to know all the math behind this in full detail, I strongly suggest you check out this post by @jga. It helped me a lot in understanding the whole situation. And if you just want to play with that graph up there yourself, you can do that here, too.
Keep on keeping on!
I will definitely carry on fluffing up all the dust I can, but unfortunately, as we know now, that will only be about half as much as before.
I am already losing a lot of the dust that I'm watching due to time-outs. I just cannot get to all of it in time with my own limited voting power.
With HF21 many users who have been able to vote comments above the dust-limit by themselves so far, will no longer be able to do that anymore. In theory the demand for fluffing up dusty rewards will only increase due to this.
It remains to be seen if more people eventually just stop upvoting comments all together. That would be really sad, though. Engagement is such an important part of keeping this platform alive and you know I strongly believe it should also be rewarded accordingly, too!
I'll continue to offer the free memberships on my watch-list, especially for low stake users, but you really shouldn't expect more than a rather seldom occasional fluff from it. Please consider supporting the project with a small delegation, I'll give better priority to your dust in return, too.
Taking a Nap on Fork-Day
@Fraenk has already taught me to properly calculate the dust-levels after the fork and I am ready and set to take on the challenge.
In order to avoid any potential issues with intermittent RPC-node unavailability and also to just generally get around the administrative overhead for my caretaker, I'll simply take a short break around August, 26th to 27th.
I'll switch into overdrive-mode on Sunday night, fluffing up dust until my voting-power goes down to around 50%, then I'll shut down to wait for the fork to happen. If everything goes smoothly I'll be back Tuesday evening, well rested and ready to fluff up some post-fork dust right away.
Want to Get on my Watch-List?
If you are a small user and you miss the opportunity to give some appreciation to the best comments under your posts, I'm here to help you!
If you're the one leaving those great comments and you're receiving dusty votes from well meaning users, I'd like to help with that, too!
Or maybe, despite having plenty of SP, sometimes you're just spreading your love too far and too wide to stay above the dust requirements? Don't stop, that's awesome! Let me try and help you a bit!
Apply to get on my watch-list in the comments or via discord.
I reserve the right to scan your account for spam and/or excessive self-voting or other shady business, but any genuine user creating content or participating in engagement on this platform is more than welcome to enjoy my services!
If you have some SP to spare, please consider making a delegation to help me with all that fluff.
And if you're ever disappointed in me, you can cancel your delegation at any time and you won't have lost a penny.
This is an experiment in solidarity and community-support, built to foster bottom-up growth and genuine engagement on the platform, any attempted abuse of my services will result in permanent blacklisting.
THANKS TO ALL MY SUPPORTERS!
They are the ones making this possible.
Supporters get priority treatment for their incoming and outgoing dust
A lot of my available SP is delegated by some generous some steem-witnesses,
@reggaemuffin & @drakos
if you're enjoying this service you might consider giving them your approval.
You can delegate here: 5SP | 10SP | 25SP | 50SP | 100SP
Good to see a new post from the bunny!
As Dustbunny has helped me fluff up my dust quite a few times, I had considered delegating 5 SP to show some support, but there were no new posts and I wasn't sure if the service was being updated or not... now that I know it is, I went through with my plan and delegated 5 SP. Not much, but it's something!
every little bit helps! :D
I know I've been slacking in writing updates, but there really wasn't much to report, the bunny was just doing it's thing quietly throughout.
There will be some more posts in the weeks to come as I am already working on some additional improvements and I'll set up some scheduled reporting eventually, too.
You have a good collection of followers here!
Posted using Partiko Android
Hey fluffy bunny!
Dat fork is gonna be lit!
Dem witnesses are gonna send it so hard!
Its going to be the most amazeballs thing your buddy snuggleberry is gonna see in its life.
Is snuggles a he-mouse or a she-mouse?
I heard they were were thinking about doing away with the dust limit for good. That's obviously not happening then..
Posted using Partiko Android
For realz tho?!
Where did you hear that? I'd like to hear more about that! Wouldn't that be great news?
Last I checked it was still in the config. :(
P.S. Snuggleberry's gender isn't quite obvious to me yet, I call him a "he" but it starts to look more like he's actually a girl... who cares, it's 2019, he can be whatever she wants to :P
What's in is in. That's what's going to happen. Just saying an Overton Window has been opened.
Maybe there is a chance to abolish dusty votes if we lobby hard enough before the next spoon.
Posted using Partiko Android
This is one of the first and best delegations I ever made. Such a great service to make sure the little folks votes turn into actual reward. Even MORE important when you consider the hard fork AND the low current price of steem.
@fraenk is the man! HAd no idea I was friends with the brains behind this. Awesomely #PYPT pimped!
Thanks for the reminder. I've been meaning to give my delegation an increase for a while now.
Cool project, delegated.
Thanks a bunch for the support!
I've added you to the watch-list, too.
I'll continue to increase my delegation anytime I power up some Steem as I've been doing so far. I'm a huge fan of this project as you know. Whatever I can do to help keep it going, I'll do.
Thanks so much for all the support everywhere @saboin!
I don't know how you find the time to be everywhere but I appreciate seeing you all around spreading the love all over the comment sections, too.
I am happy you will keep going on and will see if I can delegate some more to you. Take the rest you need. Thanks for your help. 👍💕
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Thanks a lot for the update, that was very interesting to read.
Time will be interesting for a little bit I suppose. I wonder is the $2.90 - "it won't get close to 0.9 before $2.50" -Is that based on the current price or is all percentage of current price and the dollar amount required will continually go up even with the increase in steem value? Example lets say steem for some miraculous reason rises 10 time to $1.70 will that $2.50 rise to $25.00? or stay at $2.50?
Great question!
The whole calculation for the "convergent linear" rewards is based on
rshares
which are generated by the voting SP. So yes, when the value of steem rises, this $ figure will rise with it. There's some more variables in play of course, but basically that's it.I only used the $2.50 here to illustrate the situation in present conditions. because speaking about X trillion rshares on a post doesn't really mean much to anyone, but if the value of steem drastically changes until the fork flips, then this post will be accordingly inaccurate by then, too. Actually it's already a bit inaccurate, I did my calculations a few days ago when steem was more like 20ct still ;)
Dang, I was hoping it would stay down and not rise with the price of steem. It seems I am never going to get back to that elusive $0.040 (four cent) vote. it seems like every time this past 18 months I get close, boom, I drop back down. Oh well nothing to do other than keep posting voting and trying to grow more steem. I'll get there again. I actually was able at one point, (it seems like ages), to cast an eleven cent vote, I only got to do that for a little bit, but it sure was nice being able to reward people with eleven cents.
ugh... tell me about it.
when I started this bunny project, not even a year ago, the dust-requirement could be filled with 350SP... we really really need a bull market again! The dust limit is set against the dollar-conversion, so at least it would get easier again to fill that threshold.