Voting power (now called mana) is already stabilized. An unfortunate side effect of the hard fork was users voting mana being reset at 0. Other bugs kept many from voting the day after the fork, during which time their voting mana replenished at the normal rate, to somewhere around 20%.
Many interfaces were still showing the old pre fork VP %, and upon the first vote by a user, updated to the actual 20% amount... but it did not drain voting mana at a greater rate than normal.
If you’ve ever left Steemit open a while before voting on a post, you may have observed that post jump a large dollar amount not attributable to your vote. While for a moment it seems like you gained super powers, the truth is that click interaction just refreshed the counter and you saw all the activity that had occurred since last refresh. In the same way, people simply didn’t see the decline HF20 brought to their voting mana until they placed their first vote post HF. Otherwise, voting has been working completely normally. Some folks are waiting 5 days to vote, I’ve simply cut my normal vote percentages in half and will recharge more slowly, but not have to abstain from interaction.
I feel like there should be a different cost for authoring content and curating (commenting). I would accept higher authoring costs to let smaller accounts engage in more commenting,
Not letting small accounts comment, I will feel will have a negative impact on onboarding new people to the platform,
I agree with you about comments and newbs, but feel I should point out that commenting is authoring. Curating is voting, not commenting. I just hope that new folks and small accounts are able to satisfactorily engage with the community. If they're not, they won't wait around for their mana to recharge.
On a purely technical level they’re the same thing though. A “post” is simply a top level comment. The RC system is theoretically designed to measure resource usage more accurately, so it won’t make a non technical distinction like that.
Try not to worry much yet. I have faith. @holger80 has started doing some tracking showing costs of actions are falling. It’s a dynamic system that needs input & time to calibrate, hence the warning pinned to the top of Steemit and the posts talking about equilibrium needing to be reached. I’m interacting as much as possible and hope others do the same, as I think it will actually help the RC system stabilize & normalize costs sooner.
When you have time I would appreciate new data post 10x on this thanks for the share.
I noticed the recharge rate is great right now though so it seems to be a lot better than before can you run a simulation for a 6 SP legacy account that was delegated and a new user with a token burn and how effectively they can interact :)
Things seem to be stabilizing quickly, I’m curious how our voting power will be effecting aftwards
Voting power (now called mana) is already stabilized. An unfortunate side effect of the hard fork was users voting mana being reset at 0. Other bugs kept many from voting the day after the fork, during which time their voting mana replenished at the normal rate, to somewhere around 20%.
Many interfaces were still showing the old pre fork VP %, and upon the first vote by a user, updated to the actual 20% amount... but it did not drain voting mana at a greater rate than normal.
If you’ve ever left Steemit open a while before voting on a post, you may have observed that post jump a large dollar amount not attributable to your vote. While for a moment it seems like you gained super powers, the truth is that click interaction just refreshed the counter and you saw all the activity that had occurred since last refresh. In the same way, people simply didn’t see the decline HF20 brought to their voting mana until they placed their first vote post HF. Otherwise, voting has been working completely normally. Some folks are waiting 5 days to vote, I’ve simply cut my normal vote percentages in half and will recharge more slowly, but not have to abstain from interaction.
Wow thanks for the detailed explanation! :)
Very interesting data, thanks! Was trying to check how to extract such numbers myself - the answer is beeming at me.
That's some good news!
I'm really confused as to what is going on.
I am also confused what changes made after hf20
I’m wondering if the RC prices are just going down because everybody is just waiting for their shit to recharge...
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Hm that's pretty interesting. Normally, in crypto land we're sad when charts are going down, but in this case: looking good.
But anyway - great job, holger! Keep us posted!
I feel like there should be a different cost for authoring content and curating (commenting). I would accept higher authoring costs to let smaller accounts engage in more commenting,
Not letting small accounts comment, I will feel will have a negative impact on onboarding new people to the platform,
I agree with you about comments and newbs, but feel I should point out that commenting is authoring. Curating is voting, not commenting. I just hope that new folks and small accounts are able to satisfactorily engage with the community. If they're not, they won't wait around for their mana to recharge.
On a purely technical level they’re the same thing though. A “post” is simply a top level comment. The RC system is theoretically designed to measure resource usage more accurately, so it won’t make a non technical distinction like that.
Try not to worry much yet. I have faith. @holger80 has started doing some tracking showing costs of actions are falling. It’s a dynamic system that needs input & time to calibrate, hence the warning pinned to the top of Steemit and the posts talking about equilibrium needing to be reached. I’m interacting as much as possible and hope others do the same, as I think it will actually help the RC system stabilize & normalize costs sooner.
I thought one reason for changing the system was to prevent spamming - so making comments cheaper would be counterproductive for that.
One thing I can not find anywhere - what is the recharge rate for RCs? 24h to 100%?
5 days to 100%
Thanks!
Mine seem to be replenishing pretty much in line with my voting power(mana); so perhaps it’s 20% per day as well.
I'm fairly certain this is correct. I think I read it somewhere, and my experience has been the same.
When you have time I would appreciate new data post 10x on this thanks for the share.
I noticed the recharge rate is great right now though so it seems to be a lot better than before can you run a simulation for a 6 SP legacy account that was delegated and a new user with a token burn and how effectively they can interact :)
What happend at the ~900sec, ~1800sec and/or ~2650sec moments?
Your post help me about Rc costs
awosome!