You are viewing a single comment's thread from:
RE: HF 21 - Some Thoughts on the Changes to Come
I also wish you were wrong, but sadly you are quite in agreement with the math, and my own assessment.
The downvote pool is based on SP, and adds 25% of extant SP worth of flags to the power of the account. Almost all SP is presently in the hands of whales, and by using the exponential increase in value of their SP, they capture almost all rewards, ~90% of rewards now go to whales, and this is while rewards are linear. The demonetization of posts by downvoting returns the Steem upvotes have assigned to the post to the rewards pool, where whales can again have a chance to extract it via their stake weight.
EIP is essentially demonetization of non-whales. It will be catastrophic for social media.
Thanks!
BINGO! Anyone who has looked at the math can see it's disaster. But they keep saying "no don't look at the math! let's look at the hope of humanity to change and make this place better!"
but you're taking away author rewards from everyone (but targets small accounts more than any other account) and giving a MASSIVE increase to the ALREADY large accounts.
no no... you're looking at it the wrong way. Look at it this way... math, bad. hope, good.
ummmmmm. wut.
Sounds like you didn't drink the "Koolie-steem-aid" neither!
Lol..well I have to say I was under the influence for a while.
But the buzz wore off 😜
Posted using Partiko Android