The reason why the amount of compensation has been reduced for the last few days

It is translated from @coinist

Since the recent hard fork 19, many opinions about voting power and voting compensation are argued.

Many of these dissatisfactions are "hard to get rewarded with,"
'In the early days after the hard fork, my up-vote was rewarded, but it is getting smaller.'

I can explain it in two ways.

The first is the rise of the total voting amount. One of the major issues with hard fork 19 is the increase in compensation for dolphin users and small steem users due to the linear compensation curve.

In the early days after the hard fork, the rewards of the dolphins and small steem users incresed, so the users have begun to actively vote.

So the total voting amount has increased and the amount of individual voting compensation has decreased. (The total amount of compensation due to up-vote is fixed. -vote is constant, but if my total up-vote pie gets bigger, my compensation will be reduced.

Second, if we submit story, the amount of compensation will be shown below, which will be displayed in dollars. For this reason, We usually think that the compensation is in dollar terms and I get the corresponding steem power and steem dollars, which is a misunderstanding about the compensation amount.

In fact, the increasing steem power / steem dollar per up-vote is constant, but because of the recent fall in the Cryptocurrency market, the dollar-based steem price has fallen.

Let's look at steem price trends in the last month.

Steem prices rose to $ 2.7 on June 9, 2017, and have fallen to $ 1.5 due to the recent decline in the Cryptocurrency market due to Ethereums shock, and remain at $ 1.72 as of June 28,

The price was $1.92 on the 21st, when the hard fork 19 was conducted.

So even if you use for the same amount of steem, you will have to reduce it in dollar terms.

Will our compensation continue to decrease in the future? I do not think so.

I think once the growth of the first full voting pie is no longer as hard to rise. Compensation is done in 7 day increments, and now 7 days have passed since the hard fork. Users feel that they are looking for a certain level of stabilization because they are watching the passivity after experiencing the great amount of reduction in voting power per up vote.

The drop in the second steem price seems to have stabilized somewhat from the fact that the Ethereum has also rebounded from the low of $ 300 to the low of $ 200 and then rebounded to the current level of $ 270. Perhaps another Altcoin would be able to recover above its previous price.

It seems that there are many people who have recently left Steem after seeing that the compensation amount is insufficient. But I think that one of the success factors of Steam is consistency. If the above two problems seem to be solved in the short term rather than a long-term or fundamental problem, is there a good day to revitalize the high-quality gloss community continuously? : D