HARD FORK 19 (code name: Equality)
WHEN IT WILL HAPPEN
According to Steemd on June, 20 at 15:00:00 UTC there will be the Hard Fork
FAQ
1 What does Hard Fork means?
2 What will happen to Steemit?
3 What will happen to us simple Steemit users?
4 What am I supposed to do now?
Well, I'll try to explain it to you in few words, without technical terms or nerd speech.
So let's skip the technical aspect of the moment and let's speak about the effects of it on our beloved activity on Steemit.
ANSWERS
1 Hard fork equals an update, fix, change.
2 Mainly this hard fork will change the reward system. The reward curve will be stake proportional. It means that from an exponential system of rewards we are switching to a linear one. Therefore our vote will worth 4 times than the one as it stands now. Instead, the curation upvote will not be so much affected by the hard fork.
At the present, the vote of someone who has 1000 steem power worths the 10% than who has 1,000,000 steem power at moment, this (aS the codename "Equality" suggests) will change giving more power to the minnows and to the dolphins. I remember you that:
| Creature | MVEST |
|---|---|
| Minnows | < 1 MVEST |
| Dolphins | > 1 and < 100 MVEST |
| Whales | > 100 MVEST |
you can check how much MVEST you own on steemd.com/@youraccountname
3 The average value of the posts should increase. Who produce hi quality contents and complain low visibility and low earnings should notice a significant change.
4 Keep "steem on". Continue your normal posting activity, and if you have a medium/high risk attitude or you just belive in Steemit you could buy some steem power.
CLOSING REMARKS
As you see I used a lot of conditional verbs, and this because nobody knows exactly what this hard fork will bring, just the everyday use and the time will show how it will affect our beloved Steemit. By the way, if this Hard Fork somehow will provoke problems everything will be fixed with the next one, so don't worry keep steemin.
All our contents are totally unedited. If you like this post, please upvote, comment, follow, and resteem! Thanks for your contribution!
Thank you for the clarification! Great post. Hope it all goes well
@cem thank you mate! As you said my objective was to quickly clarify what is this hard fork! Following you.
And exactly that is what you did. Great post really and very helpfull (and hopefull) for me. Steem on!
Yeah. Exactly what you did. Thank you!
thanks for your kind words!
very informative, keep steem on. and thank you
thanks @johnrenald, I hope you liked it
Thank you, as a newbie, I just find this is information so usefull!
Just one question, what exactly means MVEST?
Thank you again!
you are welcome @sidwaterman. About your question: MVEST = million Vests
The Vests are a share in the Steem system. Our account power is directly linked on the number of Vests we own. Vest are also known as the "Satoshis" (the smallest unity) of the Steem world. Hope you found it helpful!
Thank you, this is helpful for sure! Now it's a little bit clear
you can check how much MVEST you own on steemd.com/@youraccountname
🍒 Very nicely explained, no fuzz, liked that you kept it simple and I'm looking forward to see how the changes playout, because I'm a red fish and I don't get much visibility...yet, so we will see what happens :)
yeah @mariacherries, we will see there is a lot of hype around this Hard Fork and its changes, let's wait! Following you
Thanks :D
Good information, @thenightflier
@nigelmarkdias thanks! I appreciate it
You're welcome, @thenightflier
Thank you for simplifying.