The Hard Fork is Complete! Now What?
Next hardfork scheduled for: Tue, 26 Jul 2016 15:00:00 UTC (2 minutes ago)!
Full Info Here: https://github.com/steemit/steem/releases/tag/v0.12.0
This hardfork introduces a number of changes that effect how root comment payouts work. They should not impact how normal users use Steem.
Issue #176
Each root level comment has a reward weight which impacts the end payout of the post. We are targeting 4 posts in 24 hours. Your first 4 posts in 24 hours will not be penalized. After that, they weight is decreased from 100% based on your average posting frequency. Having a frequency just barely higher than 1 every 6 hours will have very little impact, while spamming will be penalized heavily. This change is aimed to increase the quality of content at the cost of quantity.
Issue #177
Each discussion goes through a two stage payout. The first one is nearly identical to what currently happens on a new discussion except that we are weighting payout times by 12 hours instead of 24. This should cycle through currently trending content quicker. There is a second voting period set to 30 days after the first payout. This should help posts that don't have immediate viral success accumulate votes and have more consistent payouts in the long run. After the second payout a discussion becomes "frozen". The discussion is no longer editable and new replies are disabled. Users can still vote on comments in these discussions as a "nod" to the author without costing their posting power or awarding reward shares.
Issue #178
There has been a lot of controversy surrounding liquidity rewards. We are refraining from making a judgment at this point but want to spend more time reviewing their impact. We do believe that in their current form the liquidity rewards are simply too much for the value thy provide. As such, we are temporarily disabling liquidity rewards until we can design a better solution. In the meantime, a transaction fee free market should be incentive enough for users to continue to use the Steem internal market.
Issue #179
The average block size calculation is too high. We are reducing the minimum block size limit from 128k to 64k and changing the average block size threshold from max_block_size / 2 to max_block_size / 4. The net result is that the average block size threshold can be 4 times smaller. If witnesses chose to vote this way, it will make triggering transaction bandwidth limits easier, which is currently not applying except in the most extreme circumstances.
Issue #184
Fixed a bug in the cli wallet that incorrectly allowed the wallet to attempt to broadcast an update account operation from a locked wallet. The broadcast would fail but created a poor user experience.
Issue #186
Added recovery operations to account history so they can be tracked more easily.
What is your take on the changes?
Issue #176 & Issue #177 Will have a huge impact on the content we see and when we see it.
There is a second voting period set to 30 days after the first payout.
Could we see life come back into old posts? This I think would be very interesting to see!
they weight is decreased from 100% based on your average posting frequency.
This I think is fair it will stop post spamming in its tracks! Also give the user time to come up with more inventive and original content.
Having a frequency just barely higher than 1 every 6 hours will have very little impact, while spamming will be penalized heavily.
This sounds like a great average to keep. Thoughts? Maybe still to quick?
Would love to hear everyone's thoughts right before go time.
Ok Steemit Community, Let's do this!
Blue
A maximum of 4 posts in 24 hours will hopefully make a difference in the quality of posts and reduce the vast numbers of copy and paste articles from mainstream news. Well, one hopes anyway!
I think it will. Although sometimes you really want to get some out there. So it's probably best to keep one in your pocket ;)
I wrote an Easy to Understand Guide about these changes.
Thanks for the share @strangearray
Love your hard fork in the road picture! Did you take it? The changes sound good and necessary but time will tell what effect they have.
I bet it'll be a non-event, everything will go over smoothly.
Really interested to see how the changes affect the quality of posts here on Steemit.
I'm particularly intrigued by the second voting period. There is too much great content here that has been forgotten and lost. But I wonder how they can be discovered?
That's actually a pretty big question. I believe and this is just a thought , it may get moved to the new view giving it new votes and replies leading to its trending ability.
It'll be interesting how they do it. One issue with that is a lot of articles are time sensitive, so they will be completely irrelevant if they suddenly pop up in the "new" section.
Good point!
There's the "payout time" category. It may work for some posts, but it doesn't solve the problem in a definitive way.
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>There is a second voting period set to 30 days after the first payout.
This really made me happy as now old posts can go up again, which will make old high quality content valuable
Yes will be very interesting as I said to see some great posts resurface
@blueorgy what will happen exactly if someone posted more than 4 posts?
Your rewards will start to head south. So if you post say 8 times , your rewards will be halved.
Example: Post rewards at 100% - $14 would be $7 at post 8 within 24 hours.
This would reset as time elapsed.
My concern is that the spammers will be ignorant to these rules. Maybe there should be a hard cap after 8 posts where they simply cannot post any more.
It will not matter if spammers are unaware; simply if someone does something they do it for some reward. If a spammers posts it is to be heard to annoy or to profit, once the profit goes away, most of the spammers will stop and reassess their lack of reward. just imho....
Been here for just a day. But always ready for improvements! Hoping for more action, more artistic content and more whale safari
Welcome to the safari!
would comments count as posts too? and are replying to a comment a post?
or is post just a new story ? i tend to engage in the discussions here, and if i was only allowed 4 posts per day? that would be really a joke.
i usually have maybe 20-30 comments a day i
A couple of things I see in:
Issue #177
Each discussion goes through a two stage payout. The first one is nearly identical to what currently happens on a new discussion except that we are weighting payout times by 12 hours instead of 24.
So are payments now every 12 hours?
There is a second voting period set to 30 days after the first payout. This should help posts that don't have immediate viral success accumulate votes and have more consistent payouts in the long run.
Awesome!!
After the second payout a discussion becomes "frozen". The discussion is no longer editable and new replies are disabled. Users can still vote on comments in these discussions as a "nod" to the author without costing their posting power or awarding reward shares.
This is super cool! its going to be huge for stats and morality LOL.
I'm really loving the Steemit community, sending love from Toronto. Cheers @blueorgy .