Hello Steemians,
I am wondering since day 1 to study steemit but didn't understand fully, I am trying to understand the dynamics of the platform.
What is this HF20?
How to handle this judicially ?
What will consequences on minnows, whales ?
How much time it will take it to come with final outcome/results ?
...............
............
.......
....
..
.
There are so many questions which are irritating to us at least so many minnows like me. Is there any post or FAQ where we will get our queries, to satisfy curiosity, so that we can again work normally.
I would like to request seniors like @chbartist @stellabelle or team steem or so called whales, please please make a post where we get our queries in one post.
Posted using Partiko Android
There are tons of posts already that should answer most of your questions
Posted using Partiko iOS
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Please provide me posts links.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
☆ Click Here for some steem tag posts. spare some time and read them bro ☆
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Minnows will eventually get squeezed out of the ocean. The plankton, like myself are barely hanging on...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly right said sir.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry, there really is no answers to your questions.
The truth is, the developers don't know. The witnesses don't know. Nobody knows.
HF-20 wasn't thought through.
It was not implemented properly.
In order to fix what they broke, the developers manually tweaked things, and this will have serious effects in the future.
A hard fork changes how the block chain operates. Everything works different now then it did a few weeks ago. For most people, there isn't much change at all. HF-20 added the mana system, so they could control resource allocation more finely.
There is no policy for handling this judiciously. If it was me doing it, it would have been done in two steps. Step 1, add mana accounting. Step 2 (after mana calculation has been shown to work) switch to the resource allocation system. But, really it was just a group of developers saying this is our best guess, push it on the public.
We don't know. There is a very real possibility that minnows can find themselves out of resources. If a lot of new people come on board all at once, and STEEM price changes drastically, minnows could be found to be without the resources to vote rather quickly.
My guess is about a year. This HF-20 has changed the underlying behaviour of many things. And its ramifications are still unknown. We will not see the end of this for a long time. I am still waiting for a witness to have to reboot their system and replay the chain. And since it took some manual tweaking to get to our current mana position... after the reboot the tweaking will not be there, and we may have servers with different numbers running.
Oh yes, they changed curation rewards. It used to be a 0 minutes, all the curation went to the author and linearly changed to all the curation going to the voter at 39 minutes.
Now it is at 0-14.99 minutes all the curation goes to the rewards pool, and at exactly 15 minutes all the curation goes to the voter.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for sharing and updating some of facts about this HF20
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I think the HF is completed now. And people can use it as like before with only some changes like voting power is renamed as mana which is no effect. On the other hand, bandwidth is replaced with RC which create some restriction, specifically for the newbie.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Not completed, I can't reply. I have to wait more 6 hours just to comment due to RC issues. Even not able reply
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sorry to hear that friend. Honestly, I am facing any problems communicating in the platform. And steemit Inc has declared that updates are finished. I was just relating that.
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You will need to go through all major post related to hf20. You will get all your answer and also why you are not able to reply
Posted using Partiko Android
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'll attempt an answer to 3.
Accounts that are outright spam will not have enough resource credits to continue low-value farming the blockchain. Dolphins and whales will not be affected. Minnows will at first need to be a bit strategic about how they use their resources; posting is RC expensive and so there's not much point posting something nobody will read. Instead, put more effort into commenting so that the minnow builds up the social connections that will later upvote their posts.
At least, I think that this is the intention of the new system. Let's see how it turns out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Think of HF-20 like a software update, witnesses like servers of steem, they updated the software at the servers but the software was buggy, then they released patches to fix the bugs. Now, it's running smoothly.
HF-20 stands for Hardfork 20 by the way also code-named velocity. The blue banner on top of the site when you first open it will take you to a post explaining in detail about it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit