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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It is fairly subjective.
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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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