Prior to Hard Fork 19, a full powered upvote of mine was worth around $0.21 and now it's worth $6.70 😵🤑
I feel like I've been given the power of a whale 🐋💪. I can only imagine what a whale's vote is worth now…
I understand that the voting mechanism was changed to increase the value of a vote, but my understanding was that it would be by 4 times not by around 30 times.
Has something gone wrong after Hard Fork 19?
No Bug. Vote power increased with a factor of 4, meaning your current 25% vote power on the slider was the old 100%. With the new 100% you can vote about 10x a day to kind a keep your vote strength. Around 50 full power votes wil bring your vote strength to zero.
Also the vote itself is now liniar, before it was the square of, ie large SP holder having MUCH more power over small SP holder.
Seems a bit too good to be true. I know the value of my old blogs skyrocketed as well!!!
Same thing happened to me, I was at $0.02 and now at $0.53.. Don't get it.
A nice, not insignificant bump in voting value for you too - let's hope that it isn't a bug and stays this way!
This is awesome! Congratulations go out to everyone of us who are part of this community!⭐️🍾⭐️
It is awesome news! I hope that it continues this way =)
So much yes!⭐️
Hi @avarice I am quite new but I've been seeing the buzz about Hard Fork 19, what's it all about? Would really appreaciate some enlightment :)
Thanks,
Sorry that I didn't answer your question sooner, I was out and about and couldn't write a long explanation. Have you found an answer to your question yet?
Yes I have, thanks!
Me too. My posts have rocketed in value. We use up our voting power quicker now, so you may want to lower the percentage you give
My understanding was that we use the voting power around 4 times quicker i.e we exhaust our voting power in 10 full powered votes instead of 40 - which I'm all for.
However, the UI at the very least is showing my most recent votes as worth ~$6.70, ~$6.50 down to the most recent one on this post of $5.95. Prior to the hard fork, I would have had to have made ~30 post and voted on all of them at full power to get one $6 payout...
Something seems off to me.
They mentioned something about the votes being relative to Steem power, rather than exponential. Top posters are seeing a decrease in value, while posters closer to the bottom will see an increase.
My votes are worth a lot more than I would expect. I wonder if the calculation is right
That's my worry - that there's a miscalculation and a lot more SBD / SP is being awarded than it should and that it throws the economics off - increases the supply unexpectedly; which would have quite a negative effect on the price of STEEM.
I'm not sure where you can see that value of all of the STEEM/SBD/SP that has been issued on a given day or who would know.
Let's see what we actually get paid
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