I have only earned 20 SBD once or twice on a Curied post - before STEEM dropped. (A Curie used to be worth 50+ SBD. Now, it's around 9-10 SBD.)
From what I have seen, the vast majority of quality posters are lucky to earn even 1 SBD per post! So, the ones that have the means to buy their votes will do well from this HF. The rest of us will suffer.
What's your plan to keep good bloggers around? What's your plan to attract new ones? The life of Steem depends on content producers, yet every time we turn around, it's harder and harder to function unless you can afford to put in serious investment - and who is going to do that when the bloggers are leaving - or not even bothering to join in the first place?
I'm actually really excited about this, The way I see it. Is Authors will get rewarded more, Because people can make money just by voting. So for those people who are posting just for profit, Won't have to. This will hopefully drop the amount of posters but get those with power to ensure they are using their votes.
It's just like how the tribes have been, with the incentive to manually curate due to 50/50 rewards which is what I did. Steemit for awhile didn't give too much for hard work, except for your upvotes @kaylinart and then odd times you get lucky to get something decent.
It will be good to see anyone working hard on a post, get rewarded from more people upvoting with higher values and knowing you both get rewarded!
I really, really hope so! If so, it could be a real boon for Steem - and a model for the other blockchains to follow.
Hahaha Yeah! @kaylinart. I just wonder what the heck will be available to 'Curate' in an environment of exclusively pure c-u-r-e-i-t-o-r-s? ;p
The post says 20 STEEM, not SBD (which is about $3.40 at current price).
Good catch. Apologies.
Still, that makes the number around 6 SBD right now - only my curied posts get that much - and I'm sure the same is true for the vast majority of bloggers on the platform.
I really hope the hoped-for increase in curation makes up for the loss that most of us will see.
Double your curation rewards and ask yourself if that compensates.
They just said, 'we expect the rich to get richer'.
If the whales don't downvote enough to replicate the whale experiment look for steem to go on sale.
Have you seen the current rates? I would say it is on sale already, steem is down 90% since i joined
Yes, I've ridden the rocket from .07 to 8.0 and all the way back to .16.
I'm not buying, just yet.
I bought at .2 and am waiting for .1, or lower.
No apologies needed, it’s a bit confusing. I just wanted to be sure you knew!
I agree with you..From last 15 days, I am posting 2 to 3 quality post every day, I hardly make 2 SBD But I believe in Steem. It will rise as of now i am not earning enough but i am trying to build solid reputation inside the community.
The break even point they mentioned in the post is 20 STEEM not 20 SBD. That's more like $3.60 at current prices. Even somewhat below that, the effect is pretty modest. People are freaking out thinking they'll get completely screwed out of rewards if the post value is below 20 STEEM but mostly that isn't true. At 15 or 10 STEEM you may not even notice the difference given regular daily price change on STEEM of +/- 5-10% as well as other factors.
Lately, most of my posts (original and high quality) end between 1 and 3 STEEM. (Average 2.) I've been on STEEM 2 years, full time, and I work with a team of models, including my wife. We invested $5000 into STEEM when we arrived. Our current total is LESS THAN that! In fact it's far less, only $500. We have worked 2 years, and invested 5 grand, and it's down to $500. And we are putting out excellent content that is in demand. Will my 2 STEEM payouts be decreased by the new 20 STEEM break even point? I think so.
But we will get a fraction of a STEEM more for our curation, so that's supposed to make it okay?
HF21 is even worse than HF20 and that's saying something.
In fact this is the most important thing. Your STEEM/SP is worth less because the price of Steem has declined, in large part because Steem has not been successful in executing on its vision.
That is more important than payouts. You aren't going to make back $5000 in losses (and hopefully make more than that) through payouts no matter what. This is a futile treadmill mentality. Work to improve the value of Steem.
People are much too focused on payouts as a source of investment payoff when they should be focused on the success of Steem and the price/value going up as a result.