Fair enough.
You know how many of us are frustrated, though, right? There was to be community feedback on the proposed changes. Before we had a chance to point out the flaws and suggest fixes, it was a done deal. All we can do now is oppose it. And since the changes do especially benefit those with large stakes and we aren't far enough into this for the stake to have significantly decentralized, it's not something that even a bunch of dolphins can effectively oppose, let alone minnows.
It will be harder than ever to decentralize, as the funds will flow to those who can get whale votes even more, which has always proved to be whales themselves.
We all hope I'm wrong at this point, but if hopes were horses, we'd be crushed in a stampede.
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I do. There was a lot of feedback taken into account before consensus was reached. There was a lot of back and forth, push and pull. In my view, this really was the best possible deal that we could all reach. I am excited and hopeful that this HF will be a really big (positive) deal and that six months from now Steem will be a very different (better) place. I'm of course worried too, for all the same reasons that you are. The results of all this are going to be impossible to predict, so at this point all we can do is hope for the best and do what we can on an individual level to turn this into the place we all want it to be.
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Which witnesses were pushing for the curve to be like what you landed on?
I'd love to see some whales commit to alleviating the reduction.
I proposed this to markymark and he seemed receptive, but I haven't seen anything since. I'll pitch it to you as well.
Create a whitelist of non-abusive users.
Delegate to a bot which:
Checks posts by users on the whitelist for vote values below the linearity threshold
Calculates what the Steem payout will be in EIP and compare it to what the same rshares would have been pre 21.
Upvote the difference so it pays out in Steem the same way it would have.
If this is really going to be good for everyone, the bot shouldn't be very necessary. But if it's terrible for most good users, it's absolutely necessary to keep this hf from punishing good behavior.
I'm especially worried about comments.
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If anyone wants to put in the work to do this, they can use the SPS to request funding.
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@holger80! You should totally do this.
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Sps projects get voted for by stake weighting as well, though right? So what are the chances something that benefits minnows at the expense of whales would ever be approved if we can't even stop the excesses of EIP?
It seems small users are up the proverbial creek insofar as control over their destinies is concerned.
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Does it have to be framed as a zero sum game? Believe it or not, there are stakeholders here who see value in rewarding users who are contributing value.
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Here's a major point that I'd like to make.
As a stakeholder, I find I disagree with the largest stakeholders about what kind of content brings value to the platform. Under 20, fair enough: I upvote what I like with the stake I purchased, you upvote what you like, and we're both rewarding content relative to the amount we spent on our stake.
Under the new system, I can't offer proportionate value. I like the content of small communities, niche interests, and people who have interesting conversations via comments.
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If these things are really what drive value to Steem (not saying they are not) then stakeholders are going to need to put their money where there mouth is and support it.
If the "large" stakeholders (the people with hundreds of thousands of dollars invested in the platform) are not doing the "right" thing (whatever is needed to make Steem succeed) - then unfortunately we are pretty much fucked no matter what code changes we do or don't make. This is a stake based system, and we need the large stakeholders acting in the best interest of the platform.
If the existing large stakeholders are not going to step up and do it, then we need other people to come along and invest (literally) millions of dollars to buy up the stake and take over.
Two of the main objectives of this hardfork are:
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The thing is, value comes from lots of different places for different people. The value of the platform itself is the promise that for a one time investment, I can support the content I like forever. This hardfork feels like a betrayal of that promise.
All this abuse that the hardfork is supposed to solve, what are we defining as the abuse and how much of the reward pool is really going to each part? I've been asking this question, but in spite of the drastic solution, no one seems to be know hard numbers.
If this frees up 50% of the reward pool by making abusers cease, great, even though my 0.2 steem vote will be only 0.1... it'll actually be 0.2 still. Great. But no one has suggested that's the case. Do you have the numbers on how much of the reward pool is going to abusers?
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Another point.
It doesn't really matter, as far as the value of Steem goes, if the large stakeholders value what I value.
Steem isn't a destination because of the content. Of course not. We live in a world of plenty of content everywhere. What's valuable about Steem is that I get to decide what matters to me.
If large stakeholders like it or not, great, but it's the power to reward that attracts me (and that I think is attractive about the platform).
And the changing economics make me lose confidence (and regret investing).
Really wish we could have had SPS without EIP.
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It doesn't have to be, but it's seemed more like a negative sum game so far. I think I'm losing your good will, but it should be re-emphasized. These changes make it even easier to extract value for the people who have the most to gain by the rise of steem. And they do so at the expense of making it harder to extract value by the many who are not yet heavily invested.
There are lots of good people on this platform, absolutely. You're probably one of them. But just because you're a good person doesn't mean you know what's best or understand what it's like to feel pleased about a post worth 3 Steem. That's the reality for most good users. The abuses targeted by the linear curve get closer to sixteen steem, sure, but I don't know a single person personally who gets or gives 16 Steem votes to comments.
All these good people? It's why so many people are committed to Steem. But since the get go, I've seen people warp their behavior to fit the interests of the people with power and money.
I'm not trying to be mean or pessimistic. There are just a lot of people here already who are the target users. The earliest and/or wealthiest adopters are not representative of "the masses" but they all seem to think they know what will attract "the masses".
The promise of Steem is great, but, for all that witnesses may have gone back and forth before reaching consensus, there was not nearly enough communication.
This was all over the place, but each point is relevant.
I hope it won't feel too disappointing that we can no longer express our appreciation for comments without sacrificing value. I hope all the downvotes on abuses will lift the 8b rshares posts to 16 Steem.
It just seems unlikely, and there doesn't seem to be a plan for if it doesn't work.
Just speaking for myself, the platform doesn't seem broken the way witnesses talk about it. I get there are abuses, but they seem like they require attention, not EIP.
Again, I wish we could have had real conversations with users on chain.
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If you want to scroll back to the beginning of my posts (3 years ago) you will realize the incorretness of this statement. I started out just like every other minnow and worked my ass off posting and building a following. My "graveyard" of posts that I spent hours on and made nothing is likely 10 times as big as most of the people complaining about not earning enough on posts.
Every single "regular user" I have recruited to the platform has left because it sucked. Every single "investor" that I have tried to get to invest has not put any money into the platform. My experiences are not isolated. Sure, there are a rare few who stick around or invest money - but the platform is not going to scale in it's current form.
There have been thousands of conversations between witnesses and regular users prior to approving this. We have likely heard every single argument that you are going to make against it, and responded somewhere. Part of the problem is that this is a decentralized platform, and these conversations are happening all over the place - comments sections of the hundreds of posts about the hardfork, podcast interviews, discord, steem.chat, etc. You seem to think that because we are moving forward that we just haven't heard the arguments against it, and we are ignorantly running off a cliff. It is really more that we have heard all the arguments, listened to all of them, and this is what we decided.
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If everyone you've brought to the platform has left, I suggest you check out @freewritehouse. We bring new users and retain them, and many buy steem. I have tips about how that's accomplished if you're interested. It does have to do with consistent interaction, community building, and niche interests.
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Also I haven't really gotten a good response to "rewarding comments will become a thing of the past"
It seems important to me. Am I wrong?
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Having minnowhood three years ago and having it today are very different experiences. I was a minnow starting out 2 years ago, and the culture of steem was just different. It's changed. And I even recognize in myself an impulse to identify with the people who are in my steem station. But we shouldn't forget that new users who become old users are what we need and we need to hear their voices.
Anyways. I do hope you have those numbers about how much reward pool will theoretically be freed up if the abuses stop. That's the only thing that I can imagine would explain why after listening to all these arguments you've made the decision you have. I just haven't seen data.
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By the way, I consider myself a stakeholder.
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