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RE: Hardfork 22 Tomorrow

in #witness-category7 years ago

No, I just mean hardforking to the way things were under hf20. Sure, I'll give it another week, but I can't imagine many users sticking around if things continue apace. HF21/22 has surprised people who didn't quite understand what the new rewards curve meant. Which makes sense because I think it was not what people focused on. Even the people explaining why 50/50 and downvotes were a good idea tended to just leave out the rewards curve in their explanation because that had "concerns" of their own. Which means people didn't get it. And, sure, all those people who didn't get it also didn't have enough stake to move the needle on Witness votes. But we need more users, not fewer if Steem is going to grow, and people are upset (myself included) to see the rich and/or ruthless doing better in this economy than the previous, while the poor and/or considerate do worse.

Le sigh. Steem is a different beast than the whales understand, and instead of seeing what it is, they see what they want it to be. And that dissonance is creating a lot of friction and, IMHO, is why it's not becoming what it could be.

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"...we need more users, not fewer if Steem is going to grow..."

When exercising due diligence it is important to compare rhetoric to action. When the two diverge, action tells the truth. Speculation as to why they diverge is necessary to investors, but it is only useful when conducted objectively. There are specific metrics that drive adoption and retention. All aspects of HF21 diametrically oppose both.

Plan accordingly.

I agree. The problem arises when staking actions are the overt best course, and one goes from trusting the designers to not trusting them over a relatively short period. My due diligence happened over the course of a year before I decided to invest heavily. The about-course from the leadership was relatively abrupt. All we have left are our hopes and dreams, and the friendships we form in times of crisis.

Hi improv:
I've seen you around, but don't "know" you.
You're right. We didn't understand. However, unlike with government, where we have a duty to study and assess, Steemit is a hobby (for me). And that hobby does not require due diligence. Just good-natured, sincere interest.
Wow am I disappointed in those who steer this ship. It's only been a couple of days, but my fun has diminished. What's the point of a hobby without fun?
Now, the impression might be, who needs hobbyists on the blockchain? I submit that the future of Steemit lies in hobbyists. Hobbyists, just like those who populate Facebook, Twitter and Instagram (I only do Twitter). Numbers, I think, mean money. Advertisers like numbers, don't they?
Well, I'm not going anywhere, because I have friends here that I value. And there are actually people who need the small revenue stream Steemit provides (heaven help them). I'll blog much less, mostly with my friends in mind. And I will support them, as well as those (less popular) bloggers who need revenue. But my behavior will definitely change.
Was that the intention of the developers? Did they want people like me to be discouraged. Am I a nuisance blogger?
I don't know. Just giving a response to your comment which I found to be meaningful. I'll give you an upvote later (won't be worth anything) when I have more steem power.

Thanks for your response. Yep. Disappointed is the word. And I certainly wish I had continued to be a Steem hobbyist instead of deciding it was a good investment a year ago. Live and learn, I suppose, but I'm not sure what the lesson is.

How about this: we can always make a mistake. Dust ourselves off, and move forward. I've been around (on earth) a long time. After a while, the mistakes are humbling. Which may be good :))

Yeah. I just keep making the same mistake... except when it could be good for me. My investing history is riddled with them, and I don't seem to be learning.

Or, maybe I am, in that, now that Steem price is crashing, I'm resisting the temptation to buy more.

Investments? Not me. I've never won at that game. I wish you great success, wherever you put your money :)