My final thoughts on SPS and EIP...
If you follow my blog or hang in SteemChat you are likely aware I've been pretty heated about the up and coming hardfork discussions, so I am going to clearly state my thoughts and then move on.
My account will probably do fine if not better under these new conditions because I have a decent amount of stake and my posts do pretty well. In addition, I manually curate and I spend more time reading than I do writing so I don't mind the curation rewards. Sorry small accounts I will no longer have any motive to vote for you. :) You probably also know that I've never considered myself a serious content creator, just a person, learning and talking about crypto. I find people interesting so engagement and the experiment were my first loves on Steem.
Short term I will do fine, but long term I think these changes make it harder to onboard users and retain small accounts. My vision has been the Network effect, the more people here engaging the more an economy develops. If we don't onboard people what are we really doing here?
I guess this also could have gone under long term success. I don't think anyone in the world gives a shit about these changes outside of our own economy. I also could have called this a wanker move. Yanking our own chain isn't going to create growth
Curation rewards and incentives should be handled at the SMT level. Steem should be the token of apps and witnesses.
A common statement I'm hearing is that "What we have isn't working"... Let's just try it, okay... I'd be game for that if it didn't sound like pure panic and if we were trying one thing at a time. So we could decide what impact they have. It's too big of a change for Authors... It is a 42% reduction on paper by the time we fund the SPS, plus create a downvote pool, plus increase author rewards.
The stakeholders, Steemit, inc and MANY of our current top 20 witnesses created, approved or dropped the code we are currently running, if the economy is broken why are the Authors being asked to finance the changes so the witnesses and stakeholders don't have to contribute? Yes, I realize this is a bit petty and it bothers me because I believe in accountability.
All along I have been saying the reason to DV is your stake. They didn't choose to do that an now their stake is worth less and so is mine, but I was doing my part all of the time. :) yeah, maybe petty but everytime I watch the price drop and I think about how they didn't think they should DV cause no one paid them, and I feel like they have gotten exactly what they deserve. The price has nothing to do with Author rewards or end users selling, it has to do with bad decisions by stakeholders who have not only failed to add value, but also failed to protect their investment and mine. Now they want to shift that responsibility to the Authors.
Also, I'm how frantic they seem to be to roll this out and all together. I think it is Interesting that several top witnesses have claimed to have consensus on SPS plus EIP. When I specifically asked comments were edited, I am going to chalk that up to being an accidental statement. Disagreeing publically with this has earned DMs, Spies and much disapproval, which is kind of funny.
Anyway, those are my feelings, but I also want to include the "reasoning" to be fair.
People act the way they act, no slight changes in our economic structure are going to Market Steem outside of Steem, which is what we need, not to yank our own chain.
Having said all that... I think the odds of this going through high it's DPOS system. So, I will quit going on about it and do my best to accept and support the changes.
If it goes through I will try to accept and view it with an open mind.
@whatsup