I'd be lying if I said I knew much about the inner workings of the systems that allow us to create content, make money and build community here at steemit. But if our goal is to create abundance here, I see something very wrong with this hardfork. It took me a while to figure it out but after hearing from a few who know much more than me and playing it out in my mind.....I hope this gets rolled back, at least half of it.
The elimination of exponential voting power seems great to me. It should create an opportunity to fix the distribution of wealth. What it does for the price of steem and the activity of whales, I'm not sure, I would like to hear some input from those more knowledgeable than me.
The 10 votes per day seems like an invitation to disaster. With such a limited amount of votes and with them being worth 4x more (these two changes effectively cancelling out any net change in power) even if whales don't choose to just vote on themselves, it's going to lead mostly to upvote stagnation with everyone voting on people in their circles and more power to bots and curation trails. Many are going to want to spend all their votes ensuring their own survival on the platform.
I understand that we can scale down our voting power, the question is though, how many will do so?
The idea behind it seems to be that we will all be more careful to vote for quality material. What it will actually create is a more competitive, less cooperative atmosphere which incentivizes more scheming and backdoor deals. It will look more and more like the dog eat dog world of "selling yourself" and networking for contacts.
The main result of this change is likely to be users voting based on their personal interest to an even greater extent, and a lot more "I'll scratch your back if you scratch mine" on all levels.
The incentive to vote on many posts encourages a sense of abundance and community where we are more eager to give. Limited upvotes to such an extreme degree is going to turn us all into hoarders.
I hope I'm wrong. Please tell me I'm wrong :-)
I imagine a few minor adjustments and this HF could be just what we need though.
Is it time to leave steemit? Fuck no
I trust that all the brilliant and decent people here will come together to find a solution to whatever problems arise. We just need to speak our voice and listen to others and we can find a solution.
See you on the other side!