Oh the hard fork...

in steemit •  8 years ago 

AAAAAHHHHH!!!! Should everyone be so worried? Well yes! Forks can hurt a lot when used correctly to inflict pain... Forks can also make a person really holy.


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Is this hard fork going to be the end of the world? Well everyone around me is so scared, I say crazy people. But quite literally every person I have spoken to about this lovely hardfork has a sense of fear around them.


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I, on the other hand, am really interested to see what this will bring to the community. For many months, well actually since I started on steemit, I have been trying to help the "minnows" get some light and value on their amazing posts. I have had many projects as you are well aware of "The daily pick of hidden gems" being the most successful one of all.

I am hopeful that this will be the end of the minnow struggle on steemit, or at least the beginning of the end. Recently I have added many minnows to the sea, but I really feel sad as that lovely swarm of posts, in steemit's "new" category, is starting to develop and infest once again.


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These poor souls are getting very little votes, even from other minnows. It could be that minnows don't feel like voting, or the spam is hiding posts after 30 minutes.

Whatever the case might be I am hoping that it will help out these minnows and distribute the value a whole lot better in this ever growing and loving community.

I will be posting this up within this new hardfork in the hopes of seeing exactly what it is all about. My advice to all those viewing this: I have lived through last years 4th of July and thus I have gone through all the hardforks that have followed. Consistency, as well as staying positive, will be your best friends at this time. The last hardfork we went through was rough, but all those who still posted through that time will tell you it was worth it.

Stick with us and keep on steeming.


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Now onward to the hardfork with arms, my fellow men. I will be with you no matter what.


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Just on a little side note for self improvement. I will be doing pushups, situps and squats for the amount of $$$ I earn on this post and will give a short feedback every day at the end of each post. This will be split in equally between all 3. Any not done will carry onto the next day.

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Thanks for sharing your thoughts. I like your writing style! Thought you might enjoy my most recent comedic post. Trying to put funny and thoughtful content out there. Check it out HERE if you're interested.

meep

This post received a 1.7% upvote from @randowhale thanks to @jhermanbeans! For more information, click here!

meep

Thank you for sharing, following you

Thank you :)

I still don't understand what is going on ? Please explain in simple words.

Steem has got an update. Now people with less voting power have more impact on the reward distribution. And rewards are distributed more evenly in general.

Thanks for explaining. I was lost after reading this post.

I'm following both of you! Love your blogs.

Here is my latest one about the 3 essentials for success if either of you are interested :)

buenos posts publica !

What is going on with the HF? The power of my votes is way higher than I thought. Is this right?!

Yes it is right, but remember that your votes use a lot more power now.

It was only supposed to be 4x. I was never this big a whale!

Well remember that there is a part of the reward pool that was never getting paid out and now I think the whole pool is getting paid out.

That could be it, lets see...

Dont worry. I gotcha. You can count on me and my 2 cents

and mine too :) you are invited to my steemit to read

Remember that the vote weight of a whale is not equal to the vote of a minnow, meaning when having 100M SP that is worth 1000 times more than someone who has 1K SP. Before the HF this was 100Mˆ2 versus 1Kˆ2. That is a REALLY big change now, meaning the BIG SP holders votes are worth much less than before, and what they do not have anymore is in the hands of the smaller SP holders.

Do you have a link for that info? Interesting.

  ·  8 years ago (edited)

From one of your valued witnesses @timcliff

https://steemit.com/hf19/@timcliff/potential-payout-changes-with-hf-19-launch

From STINC

https://steemit.com/steemit/@steemitblog/hf19-equality-coming-soon-linear-rewards

But I assure you, the square root over linear, that is a fact and that is major. In small number it is something like this:

  • A: 10 SP holder
  • B: 100 SP holder

Before the value

  • A: 10* 10 = 100
  • B: 100 * 100 = 10.000

After:

  • A: 10
  • B: 100

Before the ratio between B and A was 100 and after only 10.

Do this for the bigger numbers and you noticed that the top of the SP pyramid was taking almost all the Steem distributed every day. That is why the whale no vote gave us an substantial jump in vote reward. I have the feel that last month or so more and more whales started to vote again and using up their votes every day. Anyway, that experiment is now ended. Lets see what that will do coming days/weeks.

Thanks for the details! Helps :)

Hi - having been here less than a week, I barely understand voting frequency and which votes carry more weight.

I do understand the ratio above, though, so thank you!

Cool! :)

Now I can just write a comment and give money to myself. WTF???

That is not a smart idea. Remember giving others will help you grow a following and that is more worth it than upvoting yourself

Thank you, I'm new here.

Just for today I am liking every comment I write and respond too until I get to 0% voting power. Enjoy :D

I see the power regenerates at 20% a day if you drain to 0%. 5 days to get back up!!

How can you check your current voting power and if it's been depleted for the day?

Check here but change my name for yours: https://steemd.com/@btcmillionaire

Thanks! Mine says 61% right now. What does that mean? Does it reset every day?

Every 24 hours yeah.

This hard fork has really gotten to the neck some of us and others who were able to manage well aren't enjoying much. But it's normal and human a brother to feel okay when his brother gains a little bit more. @dragonslayer, its all good, let's keep moving on. That's all what life entails.

Wow those are some really great thoughtful words. I really think minnows are going to gain more now as people are able to give more and those who have huge bot followings and who make a lot have sadly decreased. But to level things out I guess that had to happen.

I don't think those who have bot followers are missing out. I think those who have a few or more high SP holders voting for their posts did see a decrease in payout. I've seen on my posts a dramatic increase in value, one or two had a vote train of at least 200 votes; But all those votes were from minnows, most of them at least.

Well I think the minnows are really going to love it here on steemit now as they can add some value. I am glad you mentioned this :)

yes as i am a minnow I enjoy watching myself add three cents when i vote

Indeed I think the minnows will love this, and that is by far the majority of the users, maybe even something like 99,9%? So this is super good for the platform! :)

Yes there are millions of them and very few dolphins and whales, so this is really good as now more people hold the power for adding value

And not only adding the value, but also rewards for many minnows on their posts and comments will increase. Realise that most minnows get votes from minnows but rarely from dolphins or whales. I always refer it as we have a SP pyramid with the highest SP holders at the top and the lowest at the bottom and what I think happens is that SP holders follow and vote for other SP holders at their level and higher in the pyramid. I have no figures, didn't do any analyses. But I think from what I saw today with my own post and prospect rewards, and knowing that most to all of my voters are far below 100k SP holders, the effect being very positive. At least how it looks today. In the end, for whatever reason we are here at Steemit, rewards counts as well to stay engaged; in the past many minnows got fed up with the enormous imbalance in reward distribution so they left the platform and stopped being active. Only recently we saw an enormous amount of new users who seem to be still active, but I think that had to do with the high Steem value, that also increased rewards.

Time will tell how this all will play out. Looking forward to it though :)

It will be very interesting to find out what will be happening as the larger whales vote again and as all the posts start to equal out in value. The future will be really interesting :)

Wow .. good picture that you show in this steemit, I'm sure many people love and vote this photo, plus more background photos, very interesting photo frames, really amazing, the picture quality is very okay, how do you think @ fataelrumy

I don't get how these kind of replies should be rewarded. Same exact reply to another post and he gets dollars. This is a meritocratic system guys, your vote is precious. Spend it well!

I can meritokratik meaning of google .. i can new knowledge
Meritocracy is an award / payment / reward given to workers / employees tailored to the expertise / position or achievement. In a special sense meritocracy is often used against bureaucracy laden with corruption, especially on the aspect of nepotism.

Well there is only a 10 vote at max power so I think that those who vote for themselves will loose out because they are not sharing with others. And yes voting is very precious now.

Some may lose out in the short-term, but longer-term I think many will adjust power sliders down so that they can continue to vote at higher frequencies.

The hard for is getting great praise from the community.. really makes minnows have a say which will encourage new users to join, to stay and help the conversation keep going which is the end goal. These are great times!

Guys I really never expected this! Everything just jumped up and litteraly power vote exploded.
Hope that this is gonna help new users with short and almost none visibility.
Cheers

I am sure even if posts are drowned out by the spam they will still have some reward on them

IT IS CRAZYYYY!!!! GOD SAVE STEEMIT!

I am completely crazyyyyyyy GOSH. I should go back to work but I am so addicted and I am scared that once I will come back on the laptop this dream will explode like a soap bubble

hahahaa it really does feel like a dream my man and like my breath is taken away. my mind is blown just with the value increase. it will be surprising what this payout will become.

just wait 3h... I got a post with a payout pending... I will tell you more :D

ps: the chat doesn't work for me... that's why I didn't reply. I can see your msg but I can't read it

Ah ok that explains. Mmm I would love to know what happens there.

ONE thing is sure... I am so happy :D

Same here and everyone else is also happy who never got much for their posts

yep the only thing is that now... everyone is writing thousands of posts... and my voting power is dropping down significantly

I would suggest removing some or changing the % at which you voting them. Do this fast before your power is gone

WOWWWWWWWWWWWWW YOUR UPVOTE is 38$?????? :O Mine is over 1 $ WOW

I'm ecstatic!!! All my payouts have increased a lot!!!🤗🤗🤗

Same with mine and I really can't believe it.

I'm on a high 😂

Follwed. Great article, thanks for sharing.

@dragonslayer109 I am new to steemit, just a couple of days. And I am trying to get my head around a lot of things. Unfortunately your posts raises more questions for me than it answers. "Minnow struggle" what is that (I will look it up after I finish this comment) ?

I would love to see things simplify for the platform to go mainstream... or https://steemit.com/steemit/@oliver.rivers/4-reasons-why-steemit-is-doomed-save-your-steem

This was back in August and September last year.

Thank you for pointing that out ... so I guess I don't have to look it up then after all.

Well you can still if you would like to

thanks for the post
I best post I have read today on steemit is the following post .You should read it I promise it will be motivational
https://steemit.com/gedwriting/@awriter/i-see-humans-but-no-humanity

Happy push-ups! :D

Oh noooooo this is the death of me guys....

you'll have biceps the size of mountains

I can't even do 120 pushups per day let alone 300 or more

:D
I bet the payouts will go back to normal really soon as people run out of voting power... or start using very modest voting percentages.

Yes the power will be going down soon and everyone is going to use the % vote.

Amazing. This is a huge dilution what will happen to the price?

Well the price is going crazy right now and I think minnows are going to really love it as a few of my minnow friends are over the moon as they can add value and can make more on their post

nice...Fork.....hehehehe

Well so far it seems impressive, we will have to see how it benefits steemit in the long run. You can check how my earnigs went up https://steemit.com/steemit/@trendo/hf19-has-increased-my-earnings-lot

Wow this is truly crazy

So how many of each exercise are you going to do per $1? :)

I'm interested to see how much the new platform structure plays out. So far I've seen a fairly positive improvement in Minnow support, but you are not a minnow and it looks like you're doing just fine as well!

Yes I am just out of minnow and now I am not to sure where I am classed, I will die from all the exercise on this post. I love this hardfork and this is crazy, I never thought this would happen. Many minnows I speak to are super excited already and they are all so happy right now.

I joined the community here with 0 expectations for earning any sort of a "living" on the platform. If I can earn enough where it's a nice supplement to my current income, that would be amazing. If not, I've finally started the blog that I always said I would do! :)

As a minnow, I've definitely seen a drastic improvement in my earnings, but I've still got a long way to go! I'm sure as I get a few more followers and such, I'll be able to increase my earnings. For now, I'll keep trying to produce interesting or helpful original content, comment on others' posts, and hope to get recognized / rewarded!

When I first joined there was no payouts and it was just something fun. The value never seemed real till the 4th of July hit. Consistence is key and we all started as minnows at one point. I am always really excited to meet new people on the platform and I hope that this hardfork helps out all those who are minnows creating good content.

Looks like u got some pushups to do my friend ;)

Yeah looks like I just have a few...

Thanks for sharing, following you.

Good to see that the community is already improving. Good post, dragon slayer NATSU (I might be wrong :P, liked your name). Definitely an upvote (y) @dragonslayer109

I am new this this whole thing, but I look forward to learning from you! Thanks for the great thoughts on this!

Up voted :-) follow :-)

Happy Hardfork 19!
I guess it came out better than many anticipated

Yes I have to agree this is going crazy.

Haha, great humor - love the images used.

I think the sense of fear is more about not understanding the hard fork and the new implementations. The unknown has been known to bring lots of anxiety in humans. :P

I'm looking forward to the changes!

Yes that is true. Another fear was that this would be like the last hardfork.

I was on hiatus during HF18, so I'm not sure what you're referencing exactly.

It was when the whole reward pool reset and had to build up again. All posts made under $100 no matter who voted on it. I made $0.67. The posts during this time were really low in value and hardly anyone posted or voted. Many people left steam till the pool increased again.

Oh wow, that would have been a terrible experience. I can see why many would be fearful.

Yeah Hardfork Is Good , But More User Spam Post Just For Money not seeing That Quality . Happy Hardfok19 We Glad It !

Gold fork :D. Yes the spam I think will be starting now and it will be better if people just put out one post a day or so so that they do not kill the voting power of others.

People, remember to use this from now on:

If you don't want to drain your reward pool too fast.

how to do it ?

Yes that is what I will be using to share the love :)

@dragonslayer109
keep slaying them dragons...you truly my hero...thank goodness i am following you and upvoted as always. Great info for a new member who had his first post sent today...pls check my blog for the first two posts i sent...willl appreciate your upvotes and comments....thanks

Hey, thank you for your kind words. I will have a look at them.

  ·  8 years ago (edited)

I'm literally losing my mind with this fork... o.o
Resteemed!

It is so crazy aaaahhhhhhhh!!!!!!!!

well whatever just happened is making me very happy right now. i feel INVESTED in. ..

I think a lot of people are going to feel much better now.

You'll be having a hard workout I guess 😋
Can you please check my account? And when is someone not a minnow anymore??

There is an app to check it, but I have not gone to look at it for a while.

Congratulations @dragonslayer109
You took 35 place in my Top 100 of posts

Thanks for sharing @dragonslayer109! I'm quite content with HF19 so far as it seems to have spread the rewards more equally. I'm keen to see how the community progresses from here. Gave you a follow :)

As a minnow, I love it!

Price of steem is dropping today. I don't think its because there is more money into the daily pool, its just that it's in different hands. Lots of new minnows in the water in the last month and this is giving them a reason to stick around and build a following and comment.

DON'T MIND THE DIP. Ride it and buy on the lows is how I'm seeing it. Steem will reach $10 before years end the way I see it.

Very helpful thanks a lot!

As a Minnow I really hope this hardfork will help others and myself. The community of Steemit is amazing and I am sure it will not be something to stress about

Well just looking at it all right now it shows great promise to minnows and others which have struggled to get much value on their posts.

Yes I saw but will it make Whales and people with higher reputation vote on minnows posts? The getting noticed part is what is actually difficult

yes I have to agree with you. People vote as they choose so I wouldn't say it will make them but now minnows will be able to help each other out more and with a good following I think it could work well.

Seeing as you are of 70 reputation. Can you give me some advice maybe with my layouts. Maybe if I can improve in that area I can start to gain more followers

I think a great way to find more followers is to get to know people and interact with them. Also take a topic and write a series of posts, this way your content is not all over the place and you will attract people which are interested in the specific topic.

Okay thank you for the advice. Happy Steemin'

So I guess, the sudden increase of my first post ( from 0.85 -> 6.55$ :D) is due to the HardFork19?!
Reading through your post, I see myself in the position of a "Minnow". Can you provide some links where we can read up, what causes the "hard-life" for new quality contentcreators? Thanks and very chilled post!

Well if you had to look back a few months, to September and August last year. We had many posts every minute and it was very hard for minnows to get anyone to find and upvote their content. Yes the hardfork did that to your post. I have no real links, but the history of steemit tells a story that can be useful

Interesting post

Thanks Fishman we need read hope words like this !!! 1 more vote is comming :)

Haha I love a bit of comedy and anything with Jim get's my upvote!

Everyone seems so excited right now!

To the future!

Yes and I can relate right now :)

hi i am new here your my first subject i follow you :D and i hope you follow me too ^_^

Good post...thanks @dragonslayer109

I was lost too ! Until I read comments

Its crazy to see your vote make more then 1$ when just 2 month ago you were happy about the first cent change :D

I am sure it will come down though with more votes and in time, its just the HF start working extreme here.

Well I hope so... or I will be dead from all the push-ups :( I really never though this would happen, and I never though I would ever reach trending page again.

It is not hard fork it is a golden fork

yes a very golden fork. :D

The Twirble family wants to thank Steemit for all the forks!! Now they can eat lots of sausages .

I had just joined steemit before the last hardfork. after HF, For a whole week, no one made any money on posts, it was the wierdest thing watching paper pepper make 2$ on a post :)

One of my complaints about steemit when I joined a while back was how being a minnow was so frustrating on steemit because it was like you didn't even exist because your vote was essentially worthless. This hard fork is a welcome improvement in my opinion.

This was funny!

really very nice post i up vote to you plz i you interested nature and tourism visit my page to support me thanks again

Thanks for sharing, great post ! Following you!

You having your perfect bikini body is inevitable after those days of exercise or they will just carry on day onto day onto day until 2032.

Let's see what hardfork changes. I myself won't notice the changes as I just joined today but at least lovely people like you are keeping me updated! :)

It looks good so far! I love looking for new and valuable content from people who wouldn't normally be seen and I have been discouraged by the fact that my vote means so little. Perhaps this is why other "minnows" are a bit self conscious about upvoting?
In any case, I hope that everyone continue to seek out unique content and are generous with the votes. 💜

Yes I hope so to and I think this will be amazing as minnows will feel like they are actually part of the value without having these huge amounts of steem.

I made a post about the soft fork.

What the h*** is going on? :D Is this real? I'm very cautious to believe it.

It is really unbelievable

thanks for sharing your thoughts. you make people happy and that's the point ! following you :)

sounds promising...keep up the good work, I enjoy your posts

rod @livethedream

For me it brought quite a big jump in rewards and vote rewards for others:

  • It looks like my most recent posts got 3 to 4 times increase in expected rewards.

  • My vote power increase with more than factor 8, from 8ct before to around 65ct now (I mean now with 25% versus 100% before). With 100% now my vote gives around 2,60$.

Yesterday I posted this and I hope it'll become true. Sturdy and Fast.