IMPORTANT NOTICE - Hardfork Effects Rewards
Don't Panic! You are all going to see a drop in your rewards for a few days while the new system finds its balance.
This is what @steemitblog had to say about this particular change to the system:
'One of those changes is to use a 30 day moving average to determine how much Steem should be distributed daily in order to make the rewards more stable and enable users to more reliably predict the amount of rewards they can earn on a day-to-day basis. One consequence of this is that as the protocol switches over to this system today (the beginning of the 30-day period) rewards will be unusually low for the next couple of days. However, don’t fret, this is temporary and rewards will steadily increase as the system reaches equilibrium. This is a one-time event as a consequence of switching to this more stable system. We appreciate your patience.'
The Steemit Team
I accept this willingly in the knowledge that we must embrace change if we are to grow.
What I find slightly harder to accept is the lost payout from my three posts yesterday which all dropped to zero payout at the moment of hardfork implementation. I imagined this $20 would somehow be returned but 8 hours on this does not appear to be the case. So, a total of around $20 worth of Steem has gone missing somewhere.
But where?
Something tells me I am not the only one who is going to have this complaint today, so I wonder what is the total amount of lost Steem?
And I wonder too where has it gone?
Perhaps someone might be able to shed some light on this for me?
The value of steem seems to be holding steady around the $0.17 mark now, so I wait with anticipation to see if these new changes effect the growth of our most beloved cryptocurrency...
There does seem to be a lot of frustration in the community... but how many of us used to hang around on Facebook, twitter, tumblr, Medium and other places... and get absolutely NOTHING?
Not saying the rewards aren't nice, just that it feels like a lot of people are talking like something they feel entitled to was taken away...
I agree. People need to stop complaining. :) Steemit is a blessing. Complaining should receive negative reputation
Totally agree. Didn't mean to sound like I was complaining. Steemit is the best thing to happen in my life and I am most grateful. Was just wondering where all that steem went. @gregm gives a pretty strong answer in the comments here. And this seems like a logical explanation to me :)
For sure :) Not accusing anyone of complaining. Some do complain which is sad. Though others just have questions :) I hope the Steem rewards gets fixed soon :) Steem is life changing... I agree!
I completely agree with you on this. I understand people's frustration though (and feel it a bit myself). We just have to remember it's for the greater good!
Exactly - we shall enjoy the community now and engage engage engage and still post!
I have suggested to @timcliff that as a decent PR exercise, an explanation of yesterday and the following 7 days and then beyond might be a good idea. I have lost over $35 in est pay-out and nobody seems to be able to explain beyond ... don't worry - it will be sorted. Communication!!
Thanks for writing this my friend! Very helpful. You couched it better than I might have done. Namaste.
Hey Ed. Yes it was a question that had to be asked. I hope @gregm is right with their comment here. Seems like the logical explanation to me :)
Agree - some communications would be good - i hear a marketing announcement shall be made today - we will see - I lost over 100$ pending payout, maybe recovering a bit - but now it is time to build relations and engage.
I don't think any steem was lost, that number is an estimation of the payout, then when it closes the steem is released and distributed.
That sounds perfect. Can I ask what you are basing that statement on?
He is not right. The rewards on posts were reset based upon the 30-day rewards pool. So, your post will be paid out at the end of the 7 day period based upon total vote value according to the rewards pool which will be 7/30 days full but not all the rewards pool is being distributed so that the pool is not emptied. It is a balance between filling the pool and paying out rewards. Filling a 30 day pool AND distributing rewards is going to be a balancing act which will take at least 3 months - depending upon the tap mix they employ! The rewards on live posts as at HF17/18 seem to have been thrown into the 30-day fill up - a kind of taxation!
This might put it into a better context: @abit explanation
To me, it's a tax. There are many instances of important posts getting smashed with no warning. Communication!!
According to @abit, most of it is gone. We'll get a fraction in about a week. Then we have to wait a month while the reward pool builds up. Oh, and payouts will be much lower, but steady. Woo.hoo.
Tough luck on the lost Steem. He doesn't care about fundraisers getting clobbered, so sad to say, you're not going to have much luck recovering the loss.
If I sound frustrated and angry.... good guess.
Relax and just keep swimming, just keep swimming lol!! :)
I'm guessing they won't like what I tell them. And, I know your trying to be lighthearted... I appreciate that.
I just have a hard time smiling when donations disappear out of a fundraiser post and those that did it, don't care.
Truth @aunt-deb, I like you. Good thing with a blockchain is every one can see it, if they want to that is.. and the community can be held accountable especially once we learn to speak whaaaale together, or once we power up.
Anyway it's all a big balancing act imho. Sometimes tips for the better, sometimes for the worse. I hope my lightheartedness brought even a tiny smile to you, just gotta remember we're either in this all together or not at all right?
To me the concept of steemit is the real value at play, whichever way this unfolds and forks the results will reflect our actions now. If creators are treated unfairly and taxed then we will respawn on the next platform. If we can grow together we will be the greatest social media revolution and mass proponents of the power of blockchain and fintech that the world has been waiting for.
Like I said, we just gotta learn to speeeak whaaaale!! :)
Thanks. I like you, too. Agreed, somewhat, on the 'everyone can see it'. Not yet, though I think they're trying.
Steemit has the potential for going big. No one is contesting that, I don't think. I'm not. I hope it does. That's why I'm here.
The thing is, not everyone is out to be a whale. Shocking, I know. I came here for some good articles, interesting people, and maybe make a friend or two. The payout aspect was new to me, so I learned from my new friends and since they help me, I try to return the favor when I can. My mistake in thinking, though, that everybody here views community the way I do. Rude awakening, to say the least.
So, my goals are scaled back now. No more fundraisers. That way I can't break promises and deflate hopes. Keep things on the surface. Focus on extracting worth. Don't over-deliver.
This should avoid any future misunderstanding on my part and minimize my disruptions.
Good luck with your goals and aspirations. I truly hope they work out for you!
@aunt-deb You have a cool "aunt vibe". It's nice talking to you and learning your whys. Wanting to help that guy and give freely unto others certainly helps us all achieve what I'd consider community goals. Who we be is our best example isn't it?
However I get it, we're all in uncharted territory. Steemit's a wonderful mix of personalities, intentions and world views. Internet anonymity does allow for a full spectrum of interesting behavior right? The socio-economic experiment as I see it, has complete freedom to evolve organically or so I believe?
Respects for Dan, Ned and the team for creating this opportunity. If it turns out any way other than a success then we've still moved closer to realizing a dream. A publishing platform that serves we the people and empowers everyone to make money online equally(?). To be part of what I see as ground breaking innovation for cryptocurrency and blockchain applications is an honor. Not overlooking this rewards pool "glitch" :/
I still believe in what steemit represents, freedom and liberty of expression and chance to be rewarded for doing so. That's why I love observing the process. Obviously whales are struggling to communicate their intentions with the whole and devs only saving grace is that the project is clearly still in beta.
My goal here is to keep sharing our life blog and introduce more people to steemit. While building a brand that will help support my family in the future. That to me is a wonderful thing, I was blogging before steemit and would still be if it didn't exist.
So keep doing you it's GREAT and certainly don't turn down your shine for anyone! Do whatever you love and if that's over delivering so be it, follow your joy! If making promises feels good then do that, if not then don't. What matters is sharing and being creative, accomplished and happy right?
Wholeness.
I'm glad you've found a passion that makes you happy and I hope Steemit lives up to it's potential in your gameplan.
Recent events here have shaken my trust in that and it's going to take a major effort for them to restore it. I'm giving them that opportunity. They'll get my best when they prove worthy of it. Sadly, they've shown they have a long way to go. Fingers crossed they'll buy a clue and catch up to the rest of us.
@aunt-deb As I mention, do what makes you happy and follow your joy. I'd keep an eye on @dantheman for his open source projects in the future and watch where he goes too. While I agree there is a long way to go here, we are still in beta and the major effort you're looking for? Well let's hope that happens as there are other crypto-based platforms emerging hot on steemit heels.
Personally I focus on creating content to the best of my ability at all times and that's my passion. I want to learn and grow as a creator, that way I can take my skills and audience with me. I know lots of people say the rewards aren't their motive, well it is one of mine. Although I don't pin my hopes here to it, wherever I post I aim to provide value and entertainment first. Secondly gain some following and engagement. I be-life in building our brands and we are all free to perform on any one platform or play them all right?
You're giving steemit an opportunity just as steemit is giving all of us one as well right? I never paid to be here so my ROI is looking pretty sweet already. Steemit has already proven it's worth to me and in my humble opinion, it's the best publishing option available (at the moment).
Sure we still have so much untapped potential, though it inspires and motivates me to keep working on my blog and sharing it as we grow and evolve. I also kinda dig the free and open minded people here!
So I wish you all the best and hope to see you around on here for a while longer. At least until we see the result and re-balancing of the pool and this new 7 day cycle. If any of the lost/taxed/glitched/invested steem comes back to us bonus.
It's been nice getting to know you.
Wholeness.
I feel it too.
Hi there @aunt-deb, I am fully aware of what your post was for and about. I just wish I was in a position to do something. I am so sorry. Thank you, though, for taking the time and trouble to do something big for our friend! Namaste.
Thanks for that. I feel responsible for getting his hopes up, only to have it fall flat. The uncaring attitude of the ones that did it is salt in the wound - hence my howling.
The only remedy is to get as many new folks to upvote the initial post as I can. That may squeeze a few more cents out of the pool. Plus the proceeds from the post directing people there will go to Barry, too.
Thanks for the encouragement!
I wish that I could do something to help ... but I cannot right now. Thank you, you are such a kind person to do what you do. Our problem right now is that with votes and posts worth so little ... there is so little to be gained. Maybe a straight up USD collection. I am in Ecuador! So am a fat lot of good. I just hope he has an early spring up there!! Take care.
No problem and I know you would. The kind words of support ARE a help! Hopefully in the next week we'll have some new upvotes and it'll improve. You take care, too!
Comment Nesting Testing
I am sorry to have to inform you that I think you missed the point. The post was a fund-raiser for a very good friend in need. It was smashed. When i say "in need" - like now needy.
Losing that "now" money hurt in more ways than its value. Like treading on butterflies.
I understand your point of view, you possibly did not know the context.
Namaste.
Gotcha. I'm sorry @aunt-deb , for the loss of the fundraiser. and I do apologize for my comment. I didn't know the full context. Thanks @ebyans for the clarification
Closed my account with them years ago. My info isn't theirs to sell.
I kind of wonder if the moving average days should have been 7 or at least multiples of 7.
That would seem to make more sense hey? But what do we know ;)
Thanks for this info!
My pleasure :)