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RE: Is everybody heading for the doors? The narrative and the truth.

in #stats8 years ago (edited)

I don't think anyone is heading for the doors - not yet. They're waiting to see how the changes in voting tomorrow play out.

Also - there isn't really any alternative for those who like cryptocurrency but don't want to mine or trade. I think synero will be dead in the water, their model relies on tipping which has been tried by bitcoin and doge and has failed. Once it is clear that steemit is the only successful platform, people will come flooding back.

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What changes are coming for voting?

There is a hardfork coming tomorrow. At the moment you can do 40 votes a day at full power, but it will reduce to 5 votes per day at full power. Of course people can still do more votes than that, but it will be with diminshed power, and hence diminished reward.

But the 5 votes at 100% are worth 8x more than now also. This is an awesome idea IMO and will help with redistribution.

Thank you both. To be honest, I also like the idea. Interesting to see the results.

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