RE: Now you can see the numbers.

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Although I don't say that this won't happen... I think the analysis is a little bit too simple. From what I see, you have just doubled the curation rewards and taken a third from the author rewards. Yes, definitely in the short term this is what will happen... but there will be a new equilibrium point for the system to settle into. I'm not saying that end point will be like this or not, but I don't think it is quite correct to assume the start and end conditions and assumptions to be exactly the same... I think two states will be different. ...

... but that isn't to say that it will be better... just different!



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That is EXACTLY what they are proposing.

the new equilibrium will be - welcome to your new lower author rewards, and scramble for curation with the diminishing voting power that you have.

I am currently at 67% voting power. How long can I curate more before I deplete my VP to 0? (which means 0 curation rewards)

The point is. Look at how much curation rewards the big accounts are getting. They are already getting the lion's share and now its DOUBLING. They will do NOTHING more. no more curation. no more commenting. no more posting.. and they will automatically DOUBLE their already MASSIVE curation rewards

Where do you do think that's coming from? Its coming DIRECTLY from everyone's author rewards.

For people who don't post - what do they care?

So should we all just post less and curate more? What I showed on that chart was actually best case scenario (because it doesnt' even take into account the money being reduced by the SPS!!!) MORE money is coming from rewards than is even shown there.

If it's proposed as a new way of rewards - then it also must be shown how people can recover their losses - at least potentially.

there is NO way for them to make it up - ASIDE from purchasing a massive amount of steem and increasing their stake. is that honestly what we just keep being pushed towards? that was the solution for HF20 also. (if they can't pay to play, then they should just leave.)

the only people benefiting are the large accounts who do not post, and only curate. Should we follow in their footsteps?

Has this place not turned into a ghost town already? Can you imagine FEWER posts?? LOL LESS interaction?

This just honestly boggles my mind.

and a comment was made by one of the top 20 witnesses saying - going to 50/50 will relieve the pressure of powering down and selling

Interesting. What world does he live in that you can make less money and have LESS pressure to sell? Don't people usually save when there is surplus.

When people are making 100SP a month - and now they are making 66SP - the pressure is not to save. It's to take it out to make up for the deficit. If they want us to save - they have to push it in the other direction.

and - we have settled into a new equilibrium after HF20 too. bye bye newbies. That's our "new normal"

How long can we sustain the constant bleed?

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Newbies don't have anything to compare to, so no, not necessarily. In fact some might even do well from the get go. How do we know? We don't.

And if you think the amounts there are bad, think about the amounts that are siphoned through other means such as bid bots and self voting with large stake. Much easier money, and much more significant. If we can reduce incentives for these things, it can make a difference.

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It just seems sad to me that they felt the same way about HF20... That "we don't know" what will happen.

When WE all did

And we were all right

This place has become a ghost town because so many who enjoyed what steemit was... Could no longer. It takes newbies SO LONG to grow organically. YEARS to become a minnow!!!!

And now it will take them even longer.

They can't afford to come here and interact with the community without paying into the system, (I talk to newbies all the time who stop speaking for 5 days while they wait for their RC to charge) and they can't EARN that money fast enough through post payouts because they're making so little.

Curies used to be a great way to get a boost....and now that will be cut in half for them

Author rewards were so great because it was a way that YOU could earn on your own content.

This will teach the newbies "come and autovote big accounts so you can try to earn as much curation rewards as possible"

Has absolutely nothing to do with content, just sitting as close as possible to whales.

Or... Actually... They can make a lot more by playing games. Drug wars can give you 70 cents a post each day. For adding NOTHING to the chain. Absolutely no significant content .

So this is what the chain will become.

And what amazes me is that we all see it.... And yet the top people (who are all IN THE GREEN... ) Just ....can't ...seem to see it. Hmmmmm

Its honestly a HUGE conflict of interest to have people voting on something that will literally DOUBLE their steem salary and DECREASE everyone else's.

And you can all say ... All you want... "We don't know"

Yes. I do know. I cannot curate any more than I am right now. I am currently curating almost double what the chain suggests daily. Which means I have only two recourses to make up the SIGNIFICANT money I will lose.

(Money that I will lose that will go DIRECTLY into the pockets of everyone in the green .... Interestingly enough... I believe that we looked at your name too and you were also going to financially benefit from this change... I could be wrong but pretty sure you were in the green)

  1. I can purchase a large amount of steem and power up, so I can be an orca and throw my vote around and earn 50% of my vote back. (Sure. Let's all do this!!! Don't we all have $20,000 just laying around?)

Or

  1. I can just autovote all the big accounts and hope to catch some crumbs.

Im so glad that I have a cross section of people in that chart.... And I'm pretty sure I'm gonna grab some more names.

So when everyone wonders if this is working... I can show them the reality before and after HF20. Because numbers don't lie.

And show them that all the people who were "for" 50/50 are doing pretty well for themselves with the extra chunk of money taken from our author rewards while we are crawling along even slower.

And newbies??? They will have nothing to compare it to? That is a very odd statement to me.

The newbies after HF20 had nothing to compare it to either. I would ask them how they like steem.... Except they aren't here anymore.

It feels like people in the green are either out of touch with reality, or intentionally being obtuse because the change in their wallets is a pretty nice windfall.

A windfall for doing NOTHING more.

While we will all have to scramble to make that up.

But we don't know....

Ok. How about we say let's make it 90 author rewards and 10 curation ... We don't KNOW what will happen there either, right? Right.

I can tell you what MATH says... The ones in the green will now be red, and the ones in the red will now be green.

I'm sure they all know enough to say "no" to that.

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👆this... All of this 👌

Going to be hard to curate good content when all the authors leave isn't it? 😂

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And you just got my 100% upvote.

Lol why???

WHY NOT.

But just so you know.. as soon as HF21 happens...I'll just be taking 50% back off that vote to make my curation rewards rise. 😂😂😂😂😂

Hmmmm I'm gonna be upvoting my own comments too!!!! Lolololol

This is gonna be awesome hahahhaa
(She says with sarcasm)

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Hahaha!

Get yourself in the green, let's upvote everything, steemauto, where you at? Follow all major curation trails, see you in a year 😉

No need to even make comments any more!

Love the caveat too "if this works".

I am done with this conversation around hf21. It's going ahead regardless and we all know how it will end. Just wonder how much further down the coin market cap rankings steem will go when they keep making terrible choices.

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Except they won't because good authors will stand out once the all the dust has settled (caveat: if it works).

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Well we know one thing will work!

Check the green accounts.

They're gonna be pretty happy!!!

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And when will that dust settle? Hf22?

I wish I shared your optimism but I can't see how reducing author payouts by 42% is going to encourage them to stay.

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Nah, probably within a month or so is my guess. I expect good content payouts to rise. If I'm wrong, which is a possibility, then we can revisit.

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