What the FORK?! 🌀
Well, we knew the hardfork was set to change the distribution rates of SteemPower for holders... Prior to the changes, and at around 900-980 SP, I think I was receiving approximately 0.00185 SP per minute. (About 2.66 per day.)
@ 8:08 PM.
@ 8:38 PM.
+/- 30 min = 0.001 = 0.048 SP/Day...
*** Correction; It has now been more than 1 hour, still @ 0.001 SP. Therefore < 0.024 SP per day...
Is the size of this distribution rate cut intentional? Will this influence people to hang on to their SP?!
Additionally I am experiencing the same problem as @thecryptofiend reports here;
In my case, it appears as though about 100 of the people that I follow, are absent from the list...
Thanks For Your Attention and Support!
P.S. This is a 100% S.P. Post!
Melech ben Chaya מלך בן חיה, @inphiknit
FIX FOR FOLLOWER LOSS: Log out and then log back in, your account will be back to normal.
Thanks, but it only worked for the initial login. As soon as I navigated away from my wallet then went back, the number was back down to 47...
From what I understand the economic changes take effect next week with regards to inflation.
Sorry? This change has already taken place. Which changes are you referring to?
NVM my bad. Carry on.
I don't think we should have to hold onto our SP as hard. SP is earned just through posting, or through buying in. Getting it just for having it means that a person with 5000+ SP is making a LOT of money per day. For no work at all, except owning money.
That's all the issue is, I think. What could be fun is increasing the interest until you reach a 1000 SP cut-off point, where you earn half the interest per day or so.
STEEM Power has never had an interest rate, per se...
Since the second week of the blockchain, N STEEM per block has been placed in the Vesting STEEM Fund. This fund backs what are called vesting shares. When you power up your Steem, your STEEM goes into the fund and you are given a number of Vesting Shares as the current Vesting Shares to STEEM ratio. This means that when you power up you do not effect the value of others Vesting Shares and vis versa. The result of adding STEEM to the fund is that the amount of STEEM a Vesting Share is worth goes up per block. This is what the community perceived at "interest". In fact, it is a portion of the budget being spent on incentivizing people to hold their STEEM as STEEM Power.
Prior to Hardfork 16, 90% inflation was going to the Vesting STEEM Fund. After the hardfork, 1.5% inflation goes to the Vesting STEEM Fund. Remember, we reduced the inflation rate from 100% to 10%. So yes, you are getting far fewer returns on your STEEM Power, but it is still better than nothing, which is what you receive when you hold STEEM powered down.
The other thing to consider is that while you may see 0.001 STEEM per day, everyone is earning the same STEEM Power per day per Vesting Share. Whale passive income is lower by the same proportion. In fact, since content rewards are a larger percentage of the inflation budget, there is a far stronger decentralizing force in effect. You will gain more per day by posting and voting than a whale that sits on their STEEM Power and does nothing.
So many variables to play with, that for a non-crypto person like me, I'll just go with the flow^^ But it seems like a big change in one go...
That would provide a nice incentive to create more multi-accounts.
As it is now, basically if your not a whale, Sp is pointless to hold: can't reward posts, low curation rewards.
Idk, before I was getting about 2 a day, now its close to nothing
The only reason why SP grows is STEEM inflation
but because STEEM inflation was greatly reduced, slower grow of SP is expected.
No then it would be beneficial to have small accounts....
i dont see a reason to hold steem power... if you not making anything back....
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