Steem hardfork ahead (improvements in comment rewards, liquidity system, acc. recovery, min. block size and bugfixes) by alexgr

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steem · @alexgr · Jul 22 '16

$0.20

Steem hardfork ahead (improvements in comment rewards, liquidity system, acc. recovery, min. block size and bugfixes)

<html>
<p><img src="https://img0.steemit.com/0x0/https://steem.io/images/steem.png" width="1000" height="1000"/></p>
<p>Source: github: https://github.com/steemit/steem/releases</p>
<p><em>This hardfork is scheduled for 2017-07-26T15:00:00 UTC (11:00:00 EDT).</em></p>
<p><em>This hardfork introduces a number of changes that effect how root comment payouts work. They should not impact how normal users use Steem.</em></p>
<p><em><strong>Issue #176</strong></em></p>
<p><em>Each root level comment has a reward weight which impacts the end payout of the post. We are targeting 4 posts in 24 hours. Your first 4 posts in 24 hours will not be penalized. After that, they weight is decreased from 100% based on your average posting frequency. Having a frequency just barely higher than 1 every 6 hours will have very little impact, while spamming will be penalized heavily. This change is aimed to increase the quality of content at the cost of quantity.</em></p>
<p><em><strong>Issue #177</strong></em></p>
<p><em>Each discussion goes through a two stage payout. The first one is nearly identical to what currently happens on a new discussion except that we are weighting payout times by 12 hours instead of 24. This should cycle through currently trending content quicker. There is a second voting period set to 30 days after the first payout. This should help posts that don't have immediate viral success accumulate votes and have more consistent payouts in the long run. After the second payout a discussion becomes "frozen". The discussion is no longer editable and new replies are disabled. Users can still vote on comments in these discussions as a "nod" to the author without costing their posting power or awarding reward shares.</em></p>
<p><em><strong>Issue #178</strong></em></p>
<p><em>There has been a lot of controversy surrounding liquidity rewards. We are refraining from making a judgment at this point but want to spend more time reviewing their impact. We do believe that in their current form the liquidity rewards are simply too much for the value thy provide. As such, we are temporarily disabling liquidity rewards until we can design a better solution. In the meantime, a transaction fee free market should be incentive enough for users to continue to use the Steem internal market.</em></p>
<p><em><strong>Issue #179</strong></em></p>
<p><em>The average block size calculation is too high. We are reducing the minimum block size limit from 128k to 64k and changing the average block size threshold from max_block_size / 2 to max_block_size / 4. The net result is that the average block size threshold can be 4 times smaller. If witnesses chose to vote this way, it will make triggering transaction bandwidth limits easier, which is currently not applying except in the most extreme circumstances.</em></p>
<p><em><strong>Issue #184</strong></em></p>
<p><em>Fixed a bug in the cli wallet that incorrectly allowed the wallet to attempt to broadcast an update account operation from a locked wallet. The broadcast would fail but created a poor user experience.</em></p>
<p><em><strong>Issue #186</strong></em></p>
<p><em>Added recovery operations to account history so they can be tracked more easily.</em></p>
</html>

👍 craig-grant, alexgr, stephencurry, tarindel, jerome-colley, fernando-sanz, gbert, andre-ager, deepbits, cryptohustlin, bola, jeky-jeky, site, hedelund, manthostsakirid, luisucv34

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@bola · Jul 22 '16 (edited)

Good to know (ツ)
I like issue #176, needs to be adjusted to 3 post.

👍 bola

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@alexgr · Jul 22 '16

Most will pleased by it - it solves the issue of accounts spamming every post.

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@bola · Jul 22 '16

I agree.

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@godcomplex · Jul 22 '16

The only bot I saw which does that is wang and wang is actually providing useful information. Is the concern that wang could provide insults or something less than useful? What harm can wang do if no one votes wang up?

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1 reply

@craig-grant · Jul 22 '16 (edited)

$0.15

For issue  #176, if a new blogger who just joined steemit posts 20 times in 24 hours, how is that blogger made aware that they are being penalized by posting too much?

because if they are not aware that there is a penalty, then it wont address the issue of spam

👍 craig-grant, alexgr, godcomplex

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@alexgr · Jul 22 '16 (edited)

I think it's talking about comments, not posts. IF I understand the above correctly, then your comment is a "root-level" comment because it's the first in the tree of comments (I'm replying to you - so I'm second level). Now, serial root-level comments are, from what I'm seeing, mainly spambots because they enter every post and comment. Bots might migrate to second-level or below. We'll see how it'll go. Again that's IF I understand this correctly.

edit: Apparently I don't. User tarindel below says it applies to posts.

👍 alexgr, nimblebodhi

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@craig-grant · Jul 22 '16 (edited)

ok, sounds like if a person comments 15 times on 15 different blog posts in 24 hours, there is a penalty

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1 reply

@tarindel · Jul 22 '16

https://github.com/steemit/steem/issues/176 makes it clear this is talking about posts, not comments:

> mvandeberg commented 3 days ago
> It is currently only applied to top-level posts. Comments lack the visibility to make much from
> spamming.

👍 alexgr

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1 reply

@bola · Jul 22 '16 (edited)

Steemit needs a FAQ page
This will help everyone with questions, and information.

👍 bola

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@craig-grant · Jul 22 '16

I saw this today, it's a start http://steemithelp.com/

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@site · Jul 22 '16

Annotated.

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@bola · Jul 22 '16

This is probably many hard/soft forks on the way. Spamming bots, people posting every article they see on the web, every youtube video is almost on here, and on....

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@godcomplex · Jul 22 '16 (edited)

Why do you want to discourage posting? If no one votes it up then it wont be very profitable and that would discourage it would it not?

I think the developers are taking a sort of gamble. They are betting that if they rate limit that the quality of posts will go up. I'm not entirely sure that will happen but it could mean less posts which could make curation easier. 

But what effect will it have on the user experience? We don't know. What if new users complain about this change after it's implemented? If most of the money the new users make is from commenting then if you limit that then you limit their opportunity for rewards which doesn't seem like it would help.

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