...we have been hard at work adding the changes to Hardfork 21...
There isn’t much info or a link for the final SPS and EIP proposals for this fork. Where can we see that information?
As shown in the charts, 2e12 approaches our current linear rewards at roughly 16 STEEM...
At the current STEEM price (which seems to be pegged at $0.40 - somebody stop that, please), this would bring the curve to linear at ~$6.40. I think this is ridiculously low and will neither “bring balance” nor be “meaningful.”
The main reason this EIP was pitched was to mitigate bid bots. I disagree with that reason for the changes, although I do agree that the protocol changes are good. But this “2e12” algorithm will have practically zero effect on bid bots, so I wonder why such a relatively short superlinear curve is being touted as the ideal and a “meaningful” curve.
Not to mention the fact that many human voters can also put a post into the full linear algorithm with a single vote. This seems that it will only have an effect on smaller voters/voting. That isn’t necessarily bad, but it doesn’t address what most of the promoters of the EIP are hoping to “fix.”
I would prefer a longer, more gradual trip between superlinear and linear. “Popular” and highly-rewarded content should require more voters and/or larger votes from the most invested users. I don’t think linearity at 16 STEEM accomplishes the goal of properly discovering and rewarding such content.
If you could, please link to the rest of the hard fork info. I’m sure readers would appreciate it.
[EDIT]
I see that a link for the EIP has been added to this post - a link that takes us to a post from last month from @steemitblog regarding the initial proposal. So, I'm going to assume that whatever protocols were mentioned there are what is being proposed for HF21.
Oh, right...no specifics about the protocols were mentioned. So, I'm going to assume that we are working with the following:
With this info to work with, here is my stance:
Overall, with the information provided, I would not approve this hard fork. I would suggest that the protocols are revised or that the complete information is publicly provided and linked in the original post.
For more info on my own positions/proposals regarding the SPS and EIP, you can read these two posts:
https://steemit.com/steem/@ats-david/thoughts-on-the-steem-proposal-system-sps
https://steemit.com/steem/@ats-david/thoughts-on-the-steem-economic-improvement-proposal-eip
RE: Steemit Update: HF21 Testnet, SPS, EIP, Rewards API, SMTs!