The next steemit hard fork will be beneficial for newer members.steemCreated with Sketch.

in steemit •  7 years ago  (edited)

@steemitblog has released the notes for the next hard fork, and reading through them I think that this will be great, especially for newer members of steemit. The pre-release has been codenamed "equality" since the reward system will now be based proportionally to their stake, instead of the current system where influence is exponential. This makes it slightly easier for those newcomers. The biggest change being made is regarding voting power. The new hardfork will make voting with 100% voting power give 4 times the amount of rewards, obviously this needs to be balanced somehow and this is through the fact that it will now only take 10 upvotes a day to deplete your voting power as opposed to the current 40, but obviously you can change how much voting power you want to use on each post. There are also a few minor updates, like bug fixes and the fact that posts older than 7 days can no longer be deleted. I think this will be beneficial for newer members as they now have an equal proportion based on how much steem power they have, and people with more steem power can delegate more rewards out to them.

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same thoughts! :-)

Great to hear!

Sounds good. The system now i realy confusing and takes much time to understand :)

I don't think many people, if any understand it fully haha

was it exponential so far?? why?? Good thing they are changing that... If we want a system like this to be sustainable, it has to be fair.

https://steemit.com/steem/@steemitblog/2hfxx1-pre-release-hf19-linear-rewards You can read the full release notes here, states in the first paragraph that it's been exponential