Vlog #10: Hardfork 19 thoughts and I'm going to visit my dad for the weekend.

in life •  8 years ago 

I'm going to visit my dad up north for the weekend. It will probably be grilling and chilling like usual but in a different location.

My feet are doing a little better today although they are still very sore. I still have to use the bandages. I will use shoes grilling this time!

I'm looking forward to my dad's company and I hope my clients won't all of the sudden need me for an emergency. But in that case, I am only 2 hours away. One of the great perks of living in a small country.

Thoughts on HF 19 announcement

In general, I feel very positive about the HF19.

The experiment showed me that giving minnows more voting power has a very positive effect on the Steem blockchain in general.

It's extremely fun to give away Steem and the sooner you can do this, the better!

The first time I could give away 1 cent with a vote was amazing. I'll never forget it. And it's been extremely fun to see this grow to the $1,20 per vote where it is today.

So I'm pretty convinced that this HF19 will raise the value of the Steem blockchain because of this cool feeling. It will attract more users to the platform.

And more users raises the value of the Steem blockchain as a whole.

I talk about HF19 more in my vlog. (starts @ 0.55)



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Do you know whether the pending rewards on our posts will reset to 0 with this hardfork? i remember that happening with 18. Many thanks!

Totally agree with you.. when more and more people see that there is opportunity to make money here, then they would definitely get addicted to this platform and spend more time, which ultimately raise the value of steem.

Yes. For me raising the value of the blockchain benefits the most users!

Thanks for sharing @exyle! I do think that it will definitely help the newer people feel more inclined to use the platform with the reward upgrade...That's great! & It will be interesting to see what that will do to the higher accounts...Hopefully it will not be exploited, and abused, but we shall see! Take care man:)

Thank you for your nice reply. It will definitely be interesting to see what will happen to higher accounts but regardless I'm sure that the minnows will have a blast with their new power :) Take care.

'Grilling and chilling', that's the way to do it! Good thoughts on HF19, feel like I missed it by signing up 'early' and being dormant. Back on track with my own steem power to share though now!

Grilling and chilling, I just love it man. Good to read your back on track! Steem on!

@exyle, this question might look cheeky but i need a clarification.
The last hardfork , i noticed rewards so tiny and i was wondering if Hardfork literally means reducing SteemPowers and SBDs. So can you please tell me what Hardfork does?....P.S- I know it's a software update!

  ·  8 years ago (edited)

With the last HF we went from a small to a much bigger reward pool. But it took a while to fill this pool up. Basically an unforeseen consequence....oops :) That's why the payouts were low for a while. Not enough Steem in the pond. It didn't bother me I just kept writing.

A hard fork 'forks' the Steem blockchain into the original chain (hf18) and hf19. If consensus is reached everyone follows HF19 and this will become the new chain. HF19 has new rules. (linear reward curve) A next hard fork will 'fork' HF19 in to the original chain (hf19) and HF 20. And it goes on and on like that.

Sometimes ppl don't like the new chain and they stay on the old one. this is how Ethereum Classic was born.

Very analythical @exyle ....thanks for the update.

Thank you very much for a very interesting video you left behind before seeing your Dad @exyle. Hoping you will really have a great time there. And your feet be better. (not sure what really happened to you but I wish you well). Talking about the HF19, I can feel that you're really exicted about it. Though on my side, I kind of not really understanding much about the topic you're discussing , but you said you're happy about it, make me also excited. I'm still new and trying to grasp what's going on and around but I'm sure I'm happy to stay at steemit. I'm happy to know that you care about the blockhain. The initiative you want to do, to help everyone here in the community is the one I'm looking forward to this coming new HF19. Bless your heart for your generousity and care for the well being of the community. Have a great time with your Dad. Also looking forward for your next exciting news! Thank you @exyle!

Thank you man I am having a blast here. I'm glad you are happy because I am! Being new here can be tough but you don't have to understand how it all works to enjoy the platform. You can learn while having fun! Have a blessed day!

Thank you very much for the enthusiasm and optimism! I can see that in your video and has inspired me to stay and see what will the future be of this blockchain and I want to be a part of it's structure and history.
Thank you very much again @exyle. Have fun and a great time with your Dad. Have a blessed day to you too and your Dad! Keep safe!

Thank you for informing us newbies. I, along with huge numbers of others have come to Steemit, not really knowing what to expect. But, the more we learn, the more excited we get. And I believe it is only going to get better each day.
Francis

let's all hope it works out for all. I think it will. If not there is another Hardfork around the corner.

Thank you! I also believe it will get better and better in the future! I have been excited since the moment I joined :)

I wonder if the rewards pool will be rebooted again. I hope not.

BTW, I used to live in the Netherlands back in the 1990s. Between Utrecht and Amersfoort.

I don't think this will happen (reward pool reset) But it will be interesting to see what will happen to blogpost rewards. I passed Utrecht and Amersfoort today on my way to my dad!

Very nice, but i have to admit, i have to look deeper into this matter. But i also Think a linear distribution is the way to go. I have a very good feeling, that steemit will be a total game-changer.

I like the fact that minnows will get a sense of influence earlier than now. I think this will be good.

Yes this will bring massive signups in the platform

I'm hoping this will have a positive effect.

Hopefully this time, it will increase the no. of dolphins and whales.

Good things coming, I love the way steemit is evolving and more power to all can never be a bad thing!

I agree with you!

Hard fork is coming did you bring your spoon?

LOL! And a knife! I'm ready!

Every so often, a bot votes for one of my posts and "bingo," 200+ instant automatic votes! With the hardfork, how will that affect the value of bot voting? This should be interesting!

  ·  8 years ago (edited)

40x100% votes will turn into 10x100% votes (with 4x times more weight) per day. So after the new HF 40x25% votes will be the same as it is now. I guess bots will be adjusted accordingly. But for you I hope you get 200x100% (4x) votes!

LOL Me, too! 🤑

Hey my bro!

Fantastic new vlog as always, @exyle. And a great viewpoint from you on how this new hardfork might affect us all. Because it is such a drastic change in the voting system, I guess we'll just have to see how the community work with it. But the very real possibility of "tactical" voting and the age-old ugly issue of "circle-jerking" could be a problem. I hope not, but as you say, there is a chance.

Well, fingers crossed that it all works out and Steemit keeps on getting better and better. So glad you are spending time with dad while Bianca is away. Make the best of your precious time and have fun!

Steem on, good friend! :)

He man, and thanks! I think it will all be fine but as with every HF there could be an unforeseen consequence somewhere nobody thought about :) I am having a blast here!

I have noticed that in the past, I suffered to get people steeming, but these days the effort seems less, perhaps they just got tired of my nagging!!

LOL! Good job on getting them on Steem! Keep nagging :)

That I will do, the bigger pay-outs these days helps our cause!!