Recently a couple of hours ago Steem had a hardfork to implement some new features.
Steemians.....
How are you... Especially Minnows. . .
Well, a couple of hours ago Steem had it 19th hard-fork and a large group of Steemians were either confused or skeptical about the hard-fork. But after the fork all i can see is minnows enjoying like they got whale powers. This is because most of the low payout posts mostly from minnow authors got a ridiculous increase in estimated payout.
Now, this increase is not for all because funds have to come from somewhere. So the posts with highest payouts and trending posts got a decrease in estimated payouts. This means that the top paying authors will now get lesser payouts. That will eventually help in decreasing the huge difference between the payouts that minnows and established authors made.
As a side-effect that will help in user retention on the network plus it will also help in faster growth of minnows. Please read my other post to understand HF19 in simple terms.
Visit my other posts:
1. Schedule Torrents in Android | How to Video
2. Simplify Steemit | Different Payout Options for The Authors - Explained
This was a very wise move for user retention as you stated. A very smart move by the creators.
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Surely it was..
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I'm glad they did it when they did. Once people form an opinion of the site and decide to leave, they are almost certainly not coming back and will most likely reflect negatively on the site when discussing it with others.
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Established authors will continue to do a good job. They put out so much great material! But this will help new people who are working super hard!
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What i meant to say was that they will be getting lower than they did... yes they will continue to rock..No doubt in that.
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