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Thoughts on HF21, EIP, SPS by emrebeyler

View this thread on: hive.blogpeakd.comecency.com
@emrebeyler (edited)
$4.34
Thoughts on HF21, EIP, SPS
# EIP

EIP stands for **e**conomic **i**mprovement **p**roposal and basicly includes three main changes. (See the [details](https://steemit.com/steem/@steemitblog/improving-the-economics-of-steem-a-community-proposal))


- Convergent linear rewards curve instead of linear rewards curve

- 50/50 author/curation rewards distribution

- Free downvote pool

I personally like all these changes. 

The current economical mechanics clearly doesn't work as it's expected. We have almost zero organic curation, people tend to sell their votes instead of curating, and nobody uses their downvotes. (because it costs your VP and potential profit.)

I understand that the authors may be frustrated with the idea of fewer author rewards. However, if these changes bring a better curation, %50 of the new system's potential rewards would be bigger than %75 of the old rewards.

We're doing nothing to improve the current economic status for a long time. These changes won't fix everything in one night, but it's a good start.

# SPS

I've [reviewed the initial SPS](https://steemit.com/steem/@emrebeyler/notes-on-steem-proposal-system) four months ago. Not much changed since then.

STEEM is an open-source project and there is a consensus between multiple entities. We have lots of interested parties about the project and blockchain.

As an open-source contributor, maintainer I see everyday people contribute to projects voluntarily. and that happens on every scale. 

My dream is to see official steem repositories getting contributions in a non-profit and healthy way.  Steemit inc. recently taking a friendly behaviour to community contributions and thats a really good step.

I see SPS as an additional incentive for people to work for the benefit of the network. That's why I support that it should be funded with donations instead of inflation sources.

# [Vote window to 1 minute instead of 15 minutes](https://steemit.com/hf21/@steemitblog/hf21-addition-vote-window-change)

It was painful to wait for 10-15 mins  to upvote a post because it was not efficient to do it. The current parameters on that topic actually favor automated curation or other bot solutions. This is a good and simple touch to have at HF21.

# [Increasing Custom JSON limits to 5](https://steemit.com/hf21/@steemitblog/hf21-recommendation-raising-custom-json-limit)

A good change for app developers and user experience. 

I was always curious if apps handling that possible race condition before. I was playing Steemmonsters and Drugwars heavily a couple of months ago and they both broadcast custom jsons from my account. Pretty sure I hit that limitation a couple of times. Also, this also removes the burden on application accounts if they need to broadcast custom jsons regularly.

***

I support the proposed changes for the upcoming hard-fork.

I might criticize that we're having lots of changes for a single hard-fork, however, I also imagine it's a hard thing to poke every exchange and 3rd party to update their nodes every time we have a hard-fork.  That's should be quite an operation.
馃憤  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 110 others
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vote details (174)
@improv
Two things 
One, while bots may not be a good idea, the idea of subscriptions is, and is essentially what the autovoters do. So, though much content may not be "organically curated" according to your definition, it is real people supporting authors that they choose.
Secondly, the new rewards curve will make it impossible for the vast majority of users to support the content they like. All votes that aren't on "viral" content will be essentially meaningless. This means communities that have been building connections between normal users will get thrown into the same pile as spammers.
This is not the solution we're looking for. This is not a solution that works for most users. It causes more problems than it solves.

If the whales supporting this change truly believe it won't hurt the non-spam users, they should commit to creating a whitelist of users who will receive upvotes from them that would bring their post/votes values up to where they would have been for the same rshares of upvotes in pre-EIP levels.

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vote details (1)
@shadowspub
I do some autovoting myself. They are people I want to make sure I don't miss upvoting. So, yes that is like a subscription. I put those people on my Gina notices and usually end up reading their posts. Not only because I want to see their work but I also want to not get into a situation where someone is getting a regular upvote and they start posting crap. 

As for the whales, call me a cynic, I don't believe for a minute they will start doing more manual curation. It's time consuming and not a good use of their time and resources when they can make even more by delegating to bots. If you doubt that statement take a look at @rycharde's post https://steemit.com/delegators/@rycharde/an-analysis-of-50-curation-rewards-in-eip-and-hf21-all-delegators-should-read-this 

He's done the math.
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@improv
I sure don't doubt it. 

The fact that they have the most to gain from a more popular blockchain doesn't seem to have impacted their short sighted behavior, so I doubt these changes will.

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vote details (1)
@mightypanda
Do u know what this Convergent linear rewards curve looks like in graph. Having difficult time understanding in words, what it does.
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@shadowspub
have a look at @vandeburg's post on the curve. There is a graph in that.
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@mightypanda
Looks like that mention is broken
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@newageinv
$0.03
Thanks for sharing your insights!  I have also wondered how well the code has been tested in order to avoid unexpected consequences like the ones we had after HF 20 which disable most account's ability to engage for almost two days after the fork.  Regarding the changes, we will always learn and adapt as needed so it will be interesting to see what changes occur here after it is deployed.
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vote details (2)
@shadowspub
i've heard that there is a testnet that is supposed to run for 30 days before the HF releases to allow the witnesses and others to test out the changes. Last I heard, it was not yet running smoothly.
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@omra-sky
The downvote bot trolls will now have unlimited power to downvote.
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@emrebeyler
It鈥檚 not unlimited but I see your point.
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vote details (1)
@shadowspub
the SPS is not being funded via donations rather than the inflation pool. It is coming from the inflation pool, the content creation part of it.
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@emrebeyler
I know, I am against that. Seems like I couldn't express myself clearly on that, sorry.
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vote details (2)
@shadowspub
wasn't sure if you were or not ... am now :)
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@trincowski
Less than one minute to read and upvote a post? This is getting pretty stupid.
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vote details (1)
@emrebeyler
Not exactly, you have 7 days to upvote a post. At the current state, if you upvote it before 15 mins, your curation rewards get a hit. This 15min window will drop to 1min. You can checkout the link in the title for details.
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@trincowski
I understand but with 15 minutes we can beat the bots. With just one minute, we don't stand a chance.
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@shadowspub
do you actually think the majority of the voters actually read the posts?
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@trincowski
No... and it will only get worse with this change. 馃槖
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