2441 - HF19 a Success
HF19 a Success:
In a few hours Hard Fork 19 will take place, I know most of you would think I will talk about what is in HF19 like the purpose of the fork in making smaller votes count (4x voting + linear rewards), but what I want to talk about is a major positive change that took place even before the fork.
As we all know HF17 a major change that took a long time in the works failed witness approval and it was somewhat reversed in HF18 (both HF17 and HF18 took place at the same time), but the change that brought forward was a commitment by @ned and @sneak to make every hardfork after that a success by involving the witnesses and the community while the work is being done.
In my opinion the success of HF19 has already happened in HF17, not the technical success, not the distribution of rewards, not the linear rewards, the real success is the path the team has taken to bring change. Regardless whether HF19 will fix everything we want to fix or not, we no longer have to discuss a HF when the time comes to apply changes, because at the same time the code is being changed the discussion by your witnesses is also taking place, so when a fork has a confirmed date the team and the witnesses have already reached an agreement. This the best change that HF19 brings, no more weeks of wasted effort by the team.
Also with this change the voting experiment run by @abit and @smooth will come to an end. A big salute to these two witnesses who's selfless acts have proven time and time again how much they care about Steemit and the community.
With HF19 it is now the job of every Steemian to work and re-distribute the rewards as they see fit, your vote has more power, use it. Upvote content you like, and you are doing your part in making Steemit a better place.
I am sure @biophil the math wizard will crunch the numbers for us soon on HF19. He will tell us the best way to vote and when to vote. But it is your job to find the content you want to vote for, and that's the most important part.
Bancor Revisted:
I wanted to bring your attention to this article about Bancor:
http://hackingdistributed.com/2017/06/19/bancor-is-flawed/
If you followed my analysis of these ICO's you probably read my concerns about them. So I will not go further than telling you to research research research, that's your best tool to separate the good from the bad. Even a bad ICO can present a short term profit opportunity. Know when to hold them and know when to fold them.
Somewhere i read, that HF19 will make things better for minnows, and at the same time - not so attractive any more for big whales. If one end of the scale gets UP, and the other- DOWN, then somewhere ( at some certain SP level) must be a "sweet spot" , where things remain as it is, nothing changes.
So i'm curious at what SP levels will be these users, which are not much affected by this exponential>>linear change ???
Anyone knows?
im not a fan of this HF but it has some good sides :)))
hahaha I saw :D
While we minnows are excited waiting for HF19 to change the playground which may become little bit more favoritable to us, the whales may not think the same.
I heard some rumors that the whales are powering down and getting profit out.
Let's assume the whales all cash out and become Dolphins. What will Steemit become where there is no whales around?
I am so interested to such a situation!
The whales are not cashing out, and HF19 is not an anti whale fork, it's a voting algo adjustment that happened before and will probably happen again to make our steemit experience a better one.
In celebration of HF19 I upvoted all the comments, but I worn out my voting power, sorry for the ones I will miss, I will do this again, so hopefully I get you on the next run.
wow you are a true hero thank you
The HF will likely help bring in new users and keep them so overall it's best for whales. Whales will have less voting power but their Steem will be worth more!
Ridiculuralizing/wearing off at old fashion, some of the best powers that will soon become unpowered.
=) Nice way to celebrate.. second that, but on your post. Hehe.
Done.
I think is a great opportunity for all newbie and little creator to have good upvoting
Thank you for working on the Steemit workings and posting about the change. It brings clarity to what's currently happening and is removing uncertainty in the process. I really appreciate all the efforts that are being made by everyone. :)
Check the stats @corn113 - https://steemdata.com/charts It is just not true that they are powering down.
I heard the same rumors, but who knows.I guess we just need to be patient and find ourselves how is this going to change Steemit. I find it quite unlikely that whales are powering down but... who knows,
Hopefully it is all for the better and we all keep growing !
Thanks for sharing!
If that was the case, I wonder how dramatic the price drop of steem would be since there would be suddenly less demand. I mean if all whales dump their blubber nothing will be hungry for a while
Proof that the whales are not powering down and cashing out.
https://steemwhales.com/?p=1&s=power
There are no more powering down than normal, and some of the whales who do power down simply like keeping liquid steem rather than having everything in SP.
You're right, no real power down from the whales. Sounds like minnows' posts are getting a very nice pump up right after HF 19 was life.
Now I am interested to know if existing and not yet payout posts of the whales got adjust down?
Anyone has the figure?
good posting
Something really confused me today.
I keep reading, that at present time ( prior HF19) one single upvote worth is EXPONENTIAL, depending on SP. Which in few hours is going to be changed into LINEAR
I just checked the "worth of upvote" values for 8 different whales-dolphins-minnows, from steemdollar.com , starting from the top, and in the decreasing steps of x10 times each. And here is what i got:
This seems quite linear, right?
Ten times more SP = ten times more value in one upvote.
How it can be?
What I am missing?
@joseph , @aggroed , @ausbitbank , @timcliff - or anyone else can clarify this?
The time a vote takes place influences those numbers as well. I know a few people who can answer this better, @abit @arhag @smooth @jesta @gtg they are the math wizards on the witness panel.
Yes, i know TIME is important. And there are few more variables. But my interest is purely how the amount of SP influence will change.
Another thing not clear is this - somewhere i read, that HF19 will make things better for minnows, and at the same time - not so attractive any more for big whales. If one end of the scale gets UP, and the other- DOWN, then somewhere ( at some certain SP level) must be a "sweet spot" , where things remain as it is, nothing changes.
So i'm curious at what SP levels will be these users, which are not much affected by this exponential>>linear change ???
Anyone knows?
If that is the case for minnows now. Imagine what it will be like for newcomers in one years time. Or more than that?
Unless something has changed recently, steemdollar.com does not give correct values.
Yes only joined a month ago but have read a hell of a lot in a month and seems like HF19 has been put together smoothly behind the scenes. Always good to see no panicking behind the scenes, gives everyone confidence.
Ni good, we should have to wait for further information
Whether there will be any changes in the future, and this post analyzes well on this issue
I do not understand about this, but I like to read every information
I can't wait for the hf to go live. Hopefully i can make a difference in the votes now after this change. Cam someone tell me whats the time slot it's going to go live?
Thanks and much cheers..
Someone announced this:
http://steem.vc/hf19/
I have no idea how accurate it is
I'm too excited about this new HF 19. I'm like a kid waiting for the holidays x). I subscribe to your blog. Very good article
Same here!
I feel the same way about every hardfork, but if you are running a witness node the holiday feeling comes if your node forks as expected :D
@izbing , Hear hear!
Haha nice song! Didn't expect that :D