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We're Closer To Hardfork 19 - Why Is That Important? by dragosroua

View this thread on: hive.blogpeakd.comecency.com
· @dragosroua · (edited)
$70.08
We're Closer To Hardfork 19 - Why Is That Important?
12 out of 70 active witnesses are now running Steemd version 0.19.0 (which is the release candidate for Hardfork 19).  2 of them are in the top 19 witnesses, 6 of them in the top 50 witnesses (also known as runner-up witnesses) and 2 of them in the back-up witnesses platoon.

That means the adoption of hardfork 19 is very close. Based on my past (and present) experience as a witness and taking into account the recent developments I expect it to happen in 2 weeks, maximum. It may happen even faster than that.

Why is that important?

3 things.

# 1. The Reward Algorithm Is Going To Be Linear

Each vote will draw from the reward pool exactly what it represents, in terms of Steem Power. As of now, the reward algorithm is squared (n^2) which means the reward drawn from the reward pool grows exponentially with the amount of Steem Power of the voter, making whales extremely influential.

# 2. Voting Power Will Be "Depleted" After 10 Full Power Votes

As of now, if you vote with "full power", your voting stamina will deplete after around 40 votes. Starting hardfork 19, it will take only 10 votes to reach that level. Of course, you can vote with less power, and that will conserve your reserve for longer.

# 3. Whales Will Start Voting Again

As some of you (still) remember, there is an experiment in which whales are not voting. Or, if they are voting, they're being countervoted with equal power by other whales, by a process known as flagging. That experiment had very mixed result in the community (among those results, it ended up with one and a half month of Steemit hiatus for me) and I'm happy it will end.

# What To Expect?

More revenue for good content creators, (probably) better content on the trending page and (wishfully) less drama.

As I already said, I expect that these moves will also create a stronger "middle class" in the Steemit ecosystem, a more powerful cohort of dolphins. 
***
<center>_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running._ 
_For the Steemit ecosystem I created a free tool for checking your potential rewards at [steem.supply](http://steem.supply)._

![Dragos Roua](http://dragosroua.com/wp-content/uploads/2014/05/bamf-e1448824881306.png)</center>
***
<center>_If you appreciate my contribution, you can vote for me as witness here:
https://steemit.com/~witnesses_</center>
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 60 others
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@bart2305 ·
$0.18
It is very discouraging to see comments make more money than the post. Happens a lot lately. I hope they also solve this problem.
https://steemitimages.com/DQmRQ5jP7VDXacdN8rYGZQbYDoar95oCbuf9sggNxcvGsSp/reward%20comment%20higher%20than%20post.JPG
👍  , ,
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vote details (3)
@dragosroua ·
I understand your pain, but... There is no intrinsic separation between articles and posts as to which one is more valuable. The rewards are based just on the votes received by a piece of content. So if a comment receives more votes than an article, then it will draw more rewards.
👍  
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vote details (1)
@creatr ·
$0.19
Friend Dragos,

Will HF19 bring me the long promised, long awaited ability to edit my posts older than seven days?

Best regards.
😄😇😄
<a href="https://goo.gl/dIZCsm" target="_blank">
  <img src="https://steemitimages.com/DQmWvzuqZ51DoiSjXXf8bukb7JeeVV1eAJJhGBkDiYc8ajj/creatr_ap.gif" alt="@creatr" style="border:0;">
</a>
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@dragosroua ·
AFAIK, no.
👍  
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@creatr ·
Think I'll just scream! :O
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@cryptodog ·
$0.20
Nice! Hopefully that means better payouts for all of us, lol. Thanks for the update @dragosroua.
👍  , ,
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vote details (3)
@cryptomancer ·
$0.20
I'm really looking forward to HF 19, in particular the more powerful 100% "super votes".  It's going to be so awesome being able to give someone a whole dollar with one of my votes!  Will be very interesting to see what kind of effect this has on curation, and how many people choose to vote at 100% power vs. diluting their power to keep the same relative strength as now, or some balance in between.  Time to shake things up a little!
👍  , ,
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@dragosroua ·
$0.89
Yes, things will get interesting around here :)
👍  
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@dinoo ·
$0.23
Fostering the lower and middle class, that is why I gave you my witness-vote : )
👍  , , ,
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@doitvoluntarily ·
$0.20
can't wait to see what things look like afterward :)
👍  , ,
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vote details (3)
@dragosroua ·
+1
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@edb ·
Good news! How can we vote for witnesses running version 19?
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@fraenk ·
$0.20
linear rewards are a much needed change! looking forward to the fork!
👍  , ,
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vote details (3)
@gyanibilli ·
$0.21
Thanks for the summary @dragosroua . This is very helpful.
I am looking forward to Whale votes :)
👍  , ,
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vote details (3)
@nicnas ·
Unfortunately they usually vote for each other.
👍  ,
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@tanyehwen ·
Not all of them do - some are pretty generous.
👍  
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vote details (1)
@happy-doge ·
$0.23
Hello sir dragosroua. Thanks for delivering  this to us in a much more simple way and that is friendly to the mass.
I actually thought at first that the Linear Rewards in HF 19 will be in favor to the whales, which I was wrong. Thanks for clearing this out.
It's best to give more power to the middle class who have worked hard and had gone through a lot of ups and downs like you. Because I think you guys understand it more and are more interactive to the community.
👍  , , ,
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vote details (4)
@jimmyrai28 ·
nice if implemented!!!
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@len.george ·
$0.19
thank you for the 'heads up'.  It will be interesting to see the result.
👍  ,
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vote details (2)
@lig007 ·
$0.21
I hope it is successful. I keep hearing about this new hardfork, so at this point, I want it to get here so we can start talking about number 20, ha.
👍  , ,
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vote details (3)
@nicnas ·
$0.21
Thank you. Hopefully us in the middle have a chance to earn on original content. The rich just seem to get richer usually. Hopefully this 4x vote power increase doesn't mean that the whales just upvote them selves 100% and dont vote anyone else. Thanks for the update on hardfork 19. Awaiting the change to see its impact. Much appreicated
👍  , ,
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@playfulfoodie ·
$0.23
I'm very excited to see the effects of HF19. Curious to see how it will work out on post rewards, once voting power is linear.
👍  , , , ,
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@dragosroua ·
me too :)
👍  
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@numpypython ·
$1.45
That's what i'm curious about as well... Also whether we'll be seeing less votes from now on. 
👍  , ,
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@playfulfoodie ·
Yeah, that's a good point. I think people with higher voting power are already used to using their percentage slider. This might just become a lot more important after the HF.
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@roy2016 ·
$0.37
Thanks for this Information!
👍  ,
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vote details (2)
@s3rg3 ·
$0.25
Thank you for this post on hardfork 19 it's making sense to me more and more. Is this something that will be implemented for the whole community overnight as a whole or will this be released in phase?
👍  , , , ,
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@dragosroua ·
$0.02
Once all witnesses will run the latest version, the transactions will start to be signed with the new params. It may take a while until the reward pool evens.
👍  
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@s3rg3 ·
Thank you, makes sense.
👍  
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@screenname ·
Re: We're Closer To Hardfork 19 - Why Is That Important?
<p>This post has been ranked within the top 50 most undervalued posts in the first half of Jun 06. We estimate that this post is undervalued by $16.28 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-jun-06---part-i">The Daily Tribune: Jun 06 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>
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@stackin ·
Will be looking forward and see what HF 19 Brings us :-)
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@steevc ·
$0.22
I hope they can find the sweet spot with voting. It's been changed too many times. We want people to feel they have some influence, but avoid spam and other abuse
👍  , , ,
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vote details (4)
@dragosroua ·
It's always a work in progress.
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@steevc ·
I know, but to sell this to the masses you need something that is pretty much set in stone. I wonder how long they plan to keep the beta label
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@tamaralovelace ·
$0.20
Being fairly new,  I still am a little confused on the issue but continue to read up on it.  All in all, I'm very happy with Steemit and will be sticking around for a good long while lol.   Thanks for the info!
👍  , ,
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@dragosroua ·
$0.20
Enjoy your staying :)
👍  , ,
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@tamaralovelace ·
Thank you!
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@tanyehwen ·
$0.23
> As some of you (still) remember, there is an experiment in which whales are not voting. Or, if they are voting, they're being countervoted with equal power by other whales, by a process known as flagging. That experiment had very mixed result in the community (among those results, it ended up with one month and a half of Steemit hiatus for me) and I'm happy it will end.

I had no idea this experiment was happening at all... But I will be glad when it does end.
👍  , , , , ,
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@nicnas ·
it was kinda quiet but there was a post about it a while ago.
👍  ,
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@tanyehwen ·
Really? Would like to read it myself - do you know the link?
👍  
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vote details (1)
@teamhumble ·
$0.19
damn, that's exciting. man, you guys are legends in the making. i'd love to run my own witness. it's funny to me how crypto definations are making me look at my own wants, needs and value that i bring to my fellow humans. what's ego and what is real instictive drivers. thanks for all you do for the community.
👍  , ,
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vote details (3)
@dragosroua ·
Thank you. I think we're on the verge of the most disruptive cognitive change in the history of human kind. The world as we know it now will cease to exist in the next 10 years.
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@teamhumble ·
$0.19
and as a father of a ten year old i've gotta be on the ball digitally to make sure she understand all the levels of transition that we will go through. i won't have it all locked down, but she will have a pretty good roadmap ;)
👍  , ,
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vote details (3)