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RE: New Steem is Live After Hardfork 22 - Opinions and Concerns
This guy is a whale who was abusing the system and all those years he wanted this change (I was waiting for it, too). There are a lot of posts and comments, but this one is the latest, even it is 3 months old.
https://steemit.com/steem/@trafalgar/eip-faq
And here is the change that already is happening.
https://steemit.com/bidbot/@aggroed/well-that-escalated-quickly-hf-21-22-and-bidbots
The whales are who stand to make the most money from the change. They don’t have to put effort into writing, just read content and upvote to get their pay rise. That’s an issue...
However, the changes to the bid bot industry are there for everyone to see. It cleans up content that shouldn’t be trending and brings the organically popular content up. This is definitely a positive.
What’s your stance on the changes?
Posted using Partiko iOS
I think everybody was finally convinced that STEEM economic model was broken and it couldn't last any longer. And yes, I'm happy that it took only 3 years to make this change. That also means that no more burning investors money. The party is over.
Btw, this post says how it works in real life.
https://steemit.com/exyle/@exyle/spup5-goodbye-linear-exyle-welcome-liberated-exyle
But doesn’t that just show that he’s no longer incentivised to create quality content, so he’s just curating? And If there’s no quality content to curate, then does curation even matter?
That’s really the question I pose in my post.
Posted using Partiko iOS
Good! We are getting closer to the point. Yes, he wrote that he is no more motivated so much in content creation and that he is happy about it. Why he is happy about it?
This question is made assuming that this is true:
Lets assume that he is good content creator and most users like it and we skip the tiny thing about his big vote that motivates to vote for his post. 😉
What happens when there are less posts to vote for and he stop voting for himself?
Just a reminder that STEEM rewards are split between posts that receive the most votes.
What happens if 99% of content creators stops posting any content and there are only 1% left?
Do you think that whales are going to waste their votes and stop voting for those 1%? Knowing that they receive 50% from it. I doubt. 🤑