I posted last night in anticipation of the changes being made in Hard Fork 19. For more details on that, see the official steemit blog.
After the fork, right away, I saw some posts get a huge bump in potential value. I also so other trending posts loose a thousand or more. It reminded me of this:
Some people on Steemit work hard by consistently delivering valuable content to build a loyal following while others rely on a few whale votes. Right as the hardfork went live, we got to see that more clearly.
Trending page before:
Trending page after:
@kingscrown's post went down over $1,000. I'm sure there are others that went down as well, some maybe even more drastically. Is that a bad thing? I don't think so. I think those who regularly provide valueable content are still being rewarded quite well for it. The fact that @kingscrown's post is still in the top 5 shows the value of the following he's built. The adjustment to payout also shows how important it is not to rely solely on whale votes for your rewards. Don't go asking for them, instead go build a following.
For some tips on that, read this:
So far, I'm really REALLY excited about Hard Fork 19. Check out the newly created posts. Almost all of them are getting paid something! This is going to be really exciting for people who are just starting to use Steemit. Even their lower Steem Power votes can now equate to real value!
Not only that, "old timers" like me who've been building up our Steem Power, powering up rewards for almost a year now have a new, fresh excitement. I voted up @stackin's latest post and watched it go from $9 to $51!
This is blowing my mind.
Could this impact the price of Steem as more people see real rewards and want to get in on the action of having influence on this network? Steem Power is the way to make that happen. The next few Exchange Transfer Reports are going to be quite interesting.
Or... could more crypto newbies get rewards and cash them out instead of investing for the future to bring the price down?
Time will tell. Strap in for this exciting ride!
