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RE: I Have Been Waiting For This Hard Fork For Almost A Year. Equality Has Finally Become Our Reality!
It's going to be so much fun for the first day, and SO. DAMN. DISAPPOINTING when the rewards even out again once we hit an equilibrium with voting power.
Did you run out the numbers? How will this unfold and why do you say the rewards will even? Just curious... :)
I have a few more comments here: https://steemit.com/hardfork/@biophil/hf19-yaaaay-dial-it-back-a-bit-chief
Thanks. A bit too "doomsday"-ish for me, though.
I have not run the numbers explicitly. There is at least one thing that's definitely happening: people are spending their voting power down. It used to be that every vote spent 0.5% of your available voting power; now, every vote spends 2% of your voting power. So when the hard fork hit, a huge massive flood of voting power hit the system and allocated a disproportionate share of rewards to posts that got votes after the hard fork. But the rate that peoples' voting power recharges is still the same as it always was, so within a few days everybody's voting power will hit a new equilibrium where their outgoing voting power is about the same as it always has been.
The 2nd thing that might be happening, but I don't know this for sure, is that the rewards pool might be draining rapidly and that's why we're seeing such high predicted payouts. I don't know how the calculate how fast the reward pool drains, but (I'll just be technical here, in case you understand) if it's tied to the absolute number of rshares being allocated, the next few days will pull more funds out of the reward pool than ordinary. But this second point depends on how the reward pool is implemented.
Interesting points. I guess we just have to wait and see, and hope that this scenario was predicted and changes in hf19 were introduced to deal with it.
Hmm, hopefully not. Lets see hot the steemship rolls this time...