More Rewards = More Votes
Fellow Steemians,
the aftermath of HF20 had it's downsides, which included multiple days of downtime.
However, there are always two sides of a coin. And while the downtime had it's negative effects, there are also positive ones. Due to the downtime and some changes introduced by HF20, the reward pool of Steem has grown tremendously over the last few days.
If you're not aware what the reward pool is, imagine a big pizza that feeds every Steemian who is posting, voting, commenting and through that receiving rewards.
The bigger the pizza, the bigger the slice everyone gets. And well, the pizza grew from Big to XXL over the last few days.
That is the reason why we have currently so many votes available on Smartsteem.com. Everyones vote got stronger over the last few days.
And while we can't say for sure how long the reward pool will grow and when it will hit its peak, now is still a very good time to write posts and to promote them.
So, head over to Smartsteem.com, check out how many votes are available, write great posts and promote them!
Team Smartsteem
More about Smartsteem
- Introducing Smartsteem 2.0
- Introducing Open Cost Ledger - Optimization of Vote Purchases
- Join us on Discord
If you want to know more about the reward pool, @dragosroua is reporting nearly daily about it and it's growth:
https://steemit.com/steemit/@dragosroua/steem-reward-pool-close-to-1-000-000-tokens
I did not know about your report. Good one!
Good to know!
Yes your right every negative has a positive, cheers mike
I count on you selling votes and delegate using Smartsteem. Don't let me down!!! Smartsteem to the moon!!!
Can someone explain some of the key updates for HF20?
Much tech stuff and the reduction of self-vote rewards.
One of the key updates was Resource credits. You can check out my post about that to learn more: https://steemit.com/steem/@littleboy/how-resource-credits-work-in-steem
https://steemit.com/steem/@steemitblog/steem-velocity-hardfork-hardfork-20
I suppose the "inevitable question" is whether the rewards pool is getting larger because something in the core algorithm is adding more to it... or because there are simply fewer people posting and sharing than before... meaning it's filling at the same rate as before, but just being emptied more slowly?
Why does that matter? Well because I'd guess if overall usage has taken a steep nosedive as a result of HF.20 that's probably not the greatest thing for the overall community...
It is awesome that the reward pool has grown and everyone's vote has become stronger. Is this because of the general inactivity on the platform around the time of the HF? Thats the only explanation I was able to find. Basically inaction allowed the pool to grow. If anyone knows of other reasons that I;m missing I would appreciate the info. Just trying to understand things :)
Yes, I also wrote about this here: Why Has the Value of Your Steem Upvote Risen 60% in a Week?.
The main reason is the 5 days of inactivity for most people, or at least, 5 days below full power. However, we are coming up to 7 days past the point at which most users regained their power, so if the reward pool should continue to grow then we may be looking at a more general drop in activity.
This may not be such a bad thing if the activity that has dropped off is that which HF20 targeted.
Thanks for clarifying. I'll check out that post for more info
wow....!
it's really great.
Just interesting. Good to know that the reward pool has bigger and better for everyone's vote it is awesome.
Good evening @smartsteem
I've been using your services (upvoting) for some time already and I've been always satisfied with results.
Today I had my first painful experience, which seem to cost me some funds being lost. I've transferred 10 STEEM to your account and 2 minutes later I added another 20 steem. I waited then another few minutes to receive your upvote.
Unfortunatelly I only received upvote worth those 10 steem and my second transfer of 20 steem seem to be lost.
I'm not sure what could I possibly do to to receive back those funds. Hope you guys would be kind enough to look into my case.
Yours
Piotr
Hey piotr,
I've added 20 STEEM to your balance. The problem was that you made a bid and then made another bid for the same post. While we supported this in the past (e.g. 10 + 20 = 30 STEEM) we're not supporting it right now.
However, I'll make sure to implement it. Timeframe will be 2 days, meaning: in 2 days that feature should be available again.
Thank you for reaching out!
Thank you @therealwolf
I didn't know that you're not supporting this solution of adding extra.
Could you please let me know what does it mean? I checked my wallet and those 20 steem are not there.
I really appreciate your time.
Hey piotr,
I meant your balance on Smartsteem.com - you can simply withdraw it from https://smartsteem.com/balance
Thx again @therealwolf
I got it. I've been always using your bot services on steembottracker.com. I guess that why I was confused.
Yours
Piotr