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RE: This is for my NON Steemit friends.
This platform is only in the beginning stages but I have faith in the site because we have solid witnesses who have the Steemit economy's best interest in mind, plus they are community-oriented. I will not deny that understanding the mechanics is complicated, especially if you're not a cryptogeek. We also have our own economy which is not reliant on AdSense or clickbait revenue sites which normally have a payout window of 30 to 90 days. Hang in there @sardrt - we're gonna swim in whale country before you know it. :D
I want to trust this site but it is difficult to convince people to come in now that earnings declined .. The sites where to put thoughts and pictures is full ... why should they come up steem? @merej99
@sardrt earnings have initially declined but with the recent hardfork, my understanding is that the reward pool has not changed (Steemit still creates the same amount of STEEM daily) but the distribution is based on a moving 30 day average, not a one day average.
HF 17 & 18 brought us to day 0 instead of using the past 30 days average. Honestly, I do not think we will reach "equilibrium" for at least 60 days because we need to reach 30 days first to have the first of 30-day averages, right?
We are used to daily payouts and quick jumps in reward value. If I am right, you are going to see your usual vote and comments, probably in the first few days, and then interaction with your post will probably die down as it disappears off the feeds. Watch the value of your post increase over 7 days.
My guess it will kind of have a balloon effect. Again, I really believe our true rewards potential will not be truly known for at least 30 days but no one is taking the money and shutting down.
That's the beauty of the blockchain. It's all on record.