Upcoming Proposed Changes for Hardfork 0.17.0, making Steemit Simple for Everyone using the K.I.S.S Principle [Infographics]
2017 will definitely be an exciting year for Steemit, as the platform has updates set to be implemented throughout the upcoming year. With Steemit still in Beta, users can expect certain changes to take place this year, especially with Hardfork 17
Developers of STEEM and Steemit.com want to prevent the Social Network from getting overly complicated for the average casual user
The goal is to ensure that Steemit is simple enough to be understood, so that users with less tech-savy background don't have a difficult time learning about technical & fundamentals aspects of a Blockchain based Social Network, making it more user-friendly for not only newcomers but also for existing Steemians
To prepare Steemit for Mass Adoption, developers are trying a new principle KISS, short for Keep it Simple,Stupid
A Social Network built on top of Steem, is one 21st century most innovative project to utilise blockchain technology, making it a complicated System that uses a secure distributed ledger
To further improve the experience & prepare Steemit for mass-market adoption, a more user-friendly approach is set to make it more easy for user to familiarise themselves with Steemit, upcoming minor updates are rolled out to simplify the overall experience but keep in mind that in Beta stage nearly anything is possible
K.I.S.S Principle
Complicated: If you post more than 4 Posts within 24 hours, there will be reduction in reward payout for any additional posts based on a formula. This was implemented to curb the abuse of spam, so if you write more than 4 Posts your payout is significantly reduced based on a penalty(tax)
K.I.S.S: No more Penalty for making consistent Content, meaning you can submit as many Posts or Comments, without having to worry about getting less in Payouts Rewards
Complicated: Time required before you receive your payout(STEEM/SBD/SP) for your Post & Comments, payouts is affected based on algorithmic mechanism that governs Steemit, especially for longer time period(30Days) payouts are worth less once finalised
K.I.S.S: Observation based on Statistics indicate that Authors (and curators) are likely to earn more by a single 7 day (fixed) payout period than the combination of 24(variable) and 30 day(fixed). Now after 7 Days, Posts & Comments payouts will finalize meaning that you will get paid after 1 week for any content you submitted on Steemit
K.I.S.S: Now Comments are similar to Posts, with a payout time period of exactly 7 days after they being submitted. Comments have more time to gather votes, are treated as Posts with a single 7 day payout period
K.I.S.S: Nesting limit for Comments and allowing unlimited replies nested under comments. This allows other STEEM platforms to better display comments /replies in the near future so it makes any conversation easier to follow
Complicated: User need to be aware that after 30 Days, Posts & Comments cannot be edited anymore. Individuals unaware of the time period won't be able to alter any Content after 30 Days it was submitted on Steemit
K.I.S.S: Steemi Developers are now considering to allow users to edit their comments at any time, after being submitted to the Network.
The fact that only the Author is allowed to edit their own Posts & Comments, should grant them responsibility to make any changes to one own content and enable restoration of unintentional changes made by compromised accounts
K.I.S.S; short for Keep It Simple, Stupid is the guiding principle behind most of the proposals.
Now that you're more educated & informed about Steemit, why not spread awareness by Re-Steeming this Post! It makes you a Superhero, Steemit should be easy to explain and fully functional, so Keeping it Simple is very much welcomed by everyone
It's your time to Keep It Simple Superhero, educate others and stay informed
Interested in More Information
Official Steemit Roadmap 2017
A Brief Overview of Steemit's Hardfork 0.17.0 Proposal + My Idea for Hardfork 0.17.0
Steemit 2017 Roadmap - The 7 Most Important Points by @dragosroua
Image by @cass & freepik.com
Here are some other Guides you might find Interesting
Align Text, Images, Videos & GIF's to the Center of Post using Markdown Raw Editor
Doesn't this go well with the SteemVerify Logo? Anyways, if you spot an error in any of my Guides please feel free to correct me and also if there is anything you would like to see a Guide on, let me know! Dedicated young Steemian interested in getting Vested. Will write more Guides & Tutorials, Follow me for more 😎!
Oh, I've seen this picture before.
https://steemit.com/steemit/@neoxian/feature-request-either-remove-or-at-least-increase-the-nesting-comment-limit
Yup, i found it on Google! Made slight changes just so i could add it to my infographic. Credits go to you, should known better than it's sourced from a Steemit Post.
I have made plenty of material, that you can find on Google and others have made used of. I don't seem bother at all but i can understand if you want me to get rid of it also, feel free to let me know. appreciate it
It's fine. I was just tickled when I saw it there.
When is this going to happen? I'm way excited! Now we just need scheduled posts.
The changes required for the hard fork are 67% complete now. The due date is February 07., but it's just a target that could be postponed if necessary (it have been, at least once that I know about).
I kinda like the idea of limited posting . This place is going to get very very spammy. Maybe depending on the account's reputation one can post more or less posts. Minnows could post lets say up to 4 posts a day and as they gain reputation they could post more articles.
Sounds great thank you :)
Some really interesting stuff here. What do you mean by no more mining? Does that mean all coins will be generated by steemit (etc.) activity? Or are they not generating any more coins?
I also need clarification on normalized payout rates. Do you mean we won't be drawing from a daily pool anymore? How is that going to work?
Extended nesting is great. Same with the changes to comment payouts (I think).
If the 4 post a day limit was put in place to stop spamming, what's going to prevent it now that it's removed?
Glad they have a streamlined interface in mind. Simplicity goes a long way towards drawing in new users.
Now if they can only fix the sign up process.
P.S. Just a few typos and awkward wording throughout the graphic. You've done such a nice job putting it all together, but I thought you should know. If you ever need help copy-editing, feel free to ask me. I'd be happy to help with this.
Apparently certain % is of Steem Inflation is dedicated to Miners, however Mining cue was dominated by handful of Miners. Proof of Work provide little security benefits for Steemit, so developers are most likely to allocate more Steem Inflation to Witnesses or the Network and remove Steem Reward for Mining.
As for normalized payouts, I personally don't understand much about it in order to give your a more detail explanation!
Well, we don't really have much Statistics for Over 4 Posting a day limit, so it difficult to determine whether this rule actually helped reduce or prevent Spam, don't think this will much of an impact but just make things more simple
Give me your Steemit.chat name, it would really help if you could proof-read some content since it's importnant information about Steemit that needs to be as clear as possible!
P.S. I made some adjustment to the Infographics, hope it's good!
Appreciate the support :)
STEEM chat is catharcissism too.
Curious how coins will actually be created if there's no miners.
Happy to contribute to such a worthwhile endeavor.
Steem uses Delegated Proof of Stake (DPOS). The coins are created by the witnesses every time a block is validated (I think it's every 3 seconds). In essence the witnesses are the miners. Currently the POW mining in Steem only generates 1/21 of the blocks but that portion of the algorithm doesn't add any additional security to the network. If you are interested I am including 2 links of Steemit articles about DPOS.
https://steemit.com/bitshares/@testz/bitshares-history-delegated-proof-of-stake-dpos
https://steemit.com/money/@autosmile13/what-is-dpos-delegated-proof-of-stake
There is a bandwidth limit for the accounts, raising the limit requires more SP. A spammer could reach the limit fast, and with the HF, this limit won't be hardcoded but a witness parameter. If the witnesses see there are much spam, they could lower this limit (bandwidth / SP, I guess).
This isn't KISS principle my friend. Explain it to me like I'm a developmentally challenged 10 year old.
I do hope something is in place to discourage spam, had not thought of that.
Am also happy to proof read stuff, am a bit anal about spelling and grammar ;)
This is a great piece. Well done. 2017 is set to be a Banner Year for Steemit. Upvoted and shared on twitter. Stephen
https://twitter.com/StephenPKendal/status/827109900371234816
I'd like to say that I am absolutely mind blown how low the reward was on this one. I hope that won't discourage you from doing more of such comprehensive summaries.
It's gradually increasing, starting to gain a lot more followers at some point I will have more followers than my Facebook Friends! For a 21 year old Student, Steemit is more than I could ask for! Appreciate your support
There are a few details left off of the descriptions in this article. They've been discussed at length elsewhere I'm sure, but this article should be a summary and definitive guide for newbies for the hardfork 17 changes.
I think it would be great if some of the more prominent discussions and articles related to these issues were linked in the description text above. Details of why a change is deemed necessary and any supporting statistics or data don't belong here IMHO. This article does summarize the issues quite well with a few exceptions:
Comment nesting level
The description explains what nesting looks like now but fails to describe how it will look after the hardfork, leaving users confused about what to expect.
No time limit on editing articles or comments
Steemit is a blockchain based platform. Editing items previously committed to the blockchain is a counter-intuitive concept. It should be stated that the original and all subsequent edits of articles and comments can be retrieved from the steem blockchain, though stemmit.com will not provide that capability when hardfork 17 is rolled out. The blockchain nature of this platform should always be reinforced and users encouraged to keep that in mind, as that will remove any temptation for deception, intended or not.
Changes have always been patches that go in to later blocks . The Steem blockchain incorporates transactions quickly. I wonder whether this means votes on edited posts will be applied to the patch and thus get another seven days from the last edit or not.
I have no idea how votes on edited posts will be applied. Not sure how your reply relates to my comment tho.
This post has been ranked within the top 25 most undervalued posts in the first half of Feb 02. We estimate that this post is undervalued by $10.09 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Feb 02 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Thank you