RE: HF19: Who's Building a Following and Who's Relying on Whale Votes?
I believe that this new fork is going to help STEEM grow a lot bigger as now everyone has a chance to make some money with their posts. You don't have to be followed by whales anymore to make some decent rewards.
This is the biggest change STEEM has done since its inception and I believe it to be a game changer.
I feel stupid that I powered down and sold my STEEM now that this change occured. The next step will be to accumulate as much STEEM POWER as possible. STEEM price will skyrocket in the near future.
The money generated by votes went up 20 folds ! The market is unstable as people are not sure yet if this change is good or not in the long term. I believe it is as the biggest problem was to get decent returns for new users.
Indeed when you are a new user and when you make 1 cts for your post its not very motivating for you to continue posting.
STEEM marketcap direction is the billion dollars in the next few days.
@najoh You pretty much hit the nail on the head there friend! I'm very new to steemit and I was fortunate enough to have my 2nd post hit a decent coin share, however when I voted for others, a penny was all I could give.... so several people who follow you tend to get a bit uninterested since you've got no worth under those terms... there are a few whales that come to help out, but it still leaves us way behind in steem power gains and money for bitshares... so putting a huge work load into future posts is something we really think over before doing. Iwanted to make some serious posts on real great topics, but I'll probably end up with a few bucks for 20 hours of work while looking at another post of someones tatoo raking in several hundred dollars and steem just because they have ither a huge following (which I have nothing against when it has been earned) or again, just because that person has a community of whales all voting their pics up! I'm not saying that it's a bad thing for them, I'm fine with that, but the question becomes " do I really want to contribute all this work and shared knowledge here on steemit for a few bucks, or should I just go create a blog and get traffic into it on my own?" I could advertise my stuff and create a sizeable audience which would pay the bills alot faster that way! So I think steemit did a great move, since it is more encouraging this way, but there is still room for greater changes as well... I imagine that I'm probably not the only one with these thoughts. we'll need to see how things go!
At least I now have a bit more incentive towards creating content and trying it out here rather than elsewhere, which is a good thing!
Or newbs will dump their new-found wealth on the markets. Time will tell.
Since we're at half that now, are you taking odds against? You might be a little too excited. ;)