I Guess the Rewards Pool is Filling Up?
Hi there.
It's been a while since I did a Saturday post. Such posts were usually about Steemit, but Steemit had been stagnating for so long that there was little to write about.
But now things are finally changing.
HF 20 and the new Steemit
![](https://steemitimages.com/640x0/https://coinnounce.com/wp-content/uploads/2018/08/how-to-use-steemit-steem-steem-power-and-steem-dollars-tokens-explained.jpg)
There was a little trouble when the fork was first implemented. I understand why some people are upset.
But have you seen what's happening with post rewards? Mine are gradually getting bigger, even though they aren't getting more upvotes and the price of Steem is not increasing.
Why is that?
I can only imagine that the reward pool, which before HF20 was constantly being drained by millions of wasteful upvotes from reckless bots, is now starting to refill. Spammy upvoting and commenting by people with low Steem Power but way too much time chipped away at everyone's rewards.
And that kept Steemit down.
With the new Hard Fork, rewards seem to be getting bigger, which will undoubtedly attract more quality to the site and, eventually, energize the price of Steem.
I'm Glad I Didn't Quit
It would have been easy to leave the platform at any time during the dark days. I could have powered down, sold off my Steem and disappeared.
Yet now it seems that we have a fighting chance again to make Steemit the crown jewel of all social media. I hope more changes like HF20 are in the works to make the platform valuable.
And when we come into our own, everyone who is already part of the phenomenon now will be glad that they were early adopters. Hooray for us!
Thank you all for still being here. Amazing things are going to happen.
@talanhorne,
Yeah reward pool seems bigger now! But I hate it! Coz more supply makes less demand! This is what I fear to see!
Cheers~
Demand will follow supply. Once everyone sees how big (in dollars) the rewards are, more people will want to earn Steem, which will increase the price of Steem, which will increase demand again.
@talanhorne,
In that case, we need less RC to control the Free earning and increase the demand we should be Premium, like STEEM INC says Freemium!
Cheers~
I am also here and i will always be here, Well the reward pool is increasing because steem price is getting lower and we are getting more sp we were getting before, and it's a great thing, steem reward pool has been all time high and reaching 1 million in two or three days,
Happy steeming,
steem on.!
Yes but too close to stop...
Hi @talanhorne i like how the things are going right now i mean the new protocol works better and the rewards are bigger based in the new protocol based in the pool i think steemit has a good future and i want to see adds for the next update. Regards
@talanhorne - Sir I heard people talking about reward pool filled & over took 100,000 STEEM per day... Sir you discuss about it so well... Now I got a clear picture of more rewards & wonders of hardfork... Nice you decided to talk about it Sir...
+W+
STEEMIT never makes us disappointing. The best social media platform with a brilliant blockchain technology
![](https://steemitimages.com/640x0/https://www.bitdegree.org/tutorials/wp-content/uploads/2018/05/Steem-Coin.jpg)
Congratulations @talanhorne
Now you are in the MinnowsPower Loyalty Member List...!!!
Extraordinary good article & good information...!!!
100% Upvoted by @MinnowsPower
This is very interesting article and great of steem posting . thanks for sharing.
@talanhorne
Wonderful day/ Resteem
Good writing you just shared.Writing is very hard.
For your post propagation.
Upvote/Resteem
@talanhorne
Yeah the Reward pool filled up to its highest till now because the token creation in between went on but due to less activity during the HF 20 scenario many users were not able to post so it got filled up it will likely to go down now :)