INTRODUCTION
Hi guys,
Again, @crypto.piotr here.
Finally we went through HF21 and the amount of emotions related to the current fork seem to be really high. It's so really hard to predict how HF21 will affect future social behaviours on Steem blockchain. However, there are few things I'm quite certain that will happen and one that I would like to discuss is: `the effect of the new non-linear reward curve'.
NON-LINEAR REWARD CURVE: EXPLAIN LIKE I'm 5
I will try to explain the problem of this newly introduced reward curve as easily as possible. Personally I think that this is the biggest change for those who used to reward comments with upvotes.
Here you can find a really good explanation on what it's all about:
https://steempeak.com/steem/@vandeberg/reward-curve-deep-dive
What non-linear reward curve means to us? Strength of our upvote depends on the current reward of upvoted post or comment. So upvoting unpopular post will simply be ... not a very popular solution.
Why? Let me exaplain using my own account as an example:
Just a few days ago my full single upvote was worth 1,7 STEEM POWER. Right now it varies.
If I upvote post/comment with a current 0$ payout, then my upvote will be worth only 1,04 SP. Dramatic drop (and on top of that we need to remember, that authors will receive only 50% instead of previous 75%).
However, upvoting posts which had large payout (around 480 SP, over 100$) gave better results. All of a sudden my upvote was worth 2,04 SP. Which is more than before HF21 and it's surely twice as much comparing to just previous 1,04 SP (pretty much voting power got doubled).
HUGE DIFFERENCE, isn't it?
I came to a conclusion, that in order for my upvote to have the same strength as it had a few days ago, I would have to upvote posts with current reward value exceeding 300SP (around 60$). And that's quite insane, isn't it?
BUILDING NEW UPVOTING MINDSET AND TRENDING PAGE
I would expect that users will be upvoting mostly those publications, which are already popular. That seem to be quite obvious to me at this stage.
So I would expect that the trending page will become "alive" once again. After all that's where the majority of users will go to do their daily upvotes, thinking mostly about maximizing their own curation rewards.
At the same time those who still use bots to push themself to trending page are being downvoted without any mercy.
FUTURE OF "PROJECT HOPE" telegram channel
Steemit will surely "work" very different now. Creating groups and communities which would support each other (both with comments and upvotes) will be more important than ever.
HF21 will actually work in our favour, since everyone involved in our project will have a chance to get some more visibility and some initial upvotes from supportive friends. That will absolutely change a lot.
My current goal is to ensure that our community is working fine (on a small scale model). That we support each other and share quality content on our channel. I already spoke with a few large stake holders and they like the idea behind this project and pretty much all of them are willing to support our group in the future.
It's up to us to ensure that we will become strong and active community. Many large accounts care about traffic and exposure, and groups like ours can be very useful for some of them. Idea is simple: to bring a few large stakeholders on board and allow them to post on our channel and promote their publications from time to time. In return, they would be supporting all our efforts with strong upvotes.
Doesn't that sound like a win-win scenario?
Project hope TELEGRAM channel (join us)
UPVOTING COMMENTS - WILL IT DIE?
Will people still be upvoting comments? I'm afraid that most users that did it in the past will simply stop. What would you do if you had 10k SP? Would you guys use it to upvote comments or just focus on upvoting popular publications?
What do you guys think? I would love to believe that I'm wrong but I hardly doubt so.
Yours,
@crypto.piotr
cc: @achim03,
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