I have a feeling...

in #hf215 years ago

...that while EIP will cut rewards of many content creators, including myself, the other major component of HF21 - the Steem Proposal System (SPS) - may give us all some reasons to be happy.

I may be wrong here, but it doesn't hurt to look at a potential benefit, one that may be good for us all, and not only the receivers of funding via SPS.

We can't look at the SPS as a drain from the reward pool, without understanding that if this system works, it will provide a direct funding method for important projects on Steem.

Currently, or up until Utopian will work with the @MisterDelegation delegation, many projects were funded this way, at least partly. So from the reward pool, alongside content creators. Others also needed to create regular update posts to receive (auto)upvotes for a minimum of funding for their work. Both Utopian specific and regular posts are time consuming and distracting for developers, although I hope everyone also understood the necessity of communication. To communicate - that's a strong yes, but not as a means of funding development through upvotes.

I believe, in the future, projects development will and should be funded via SPS, delegations from MisterDelegation and other methods, but the reduced authors pool might remain mostly for regular content creators. We will see, but let's remember the social media aspect of Steem is very important.

I also believe some project owners may have left some interesting developments on the back burner (or not made public yet), until SPS would be released, so that they can apply for funding from SPS. Another feeling, so I may be wrong again.

So, while rewards for posting will likely go down for most authors, there will be some interesting developments to expect on Steem post HF21. If that include a price increase of STEEM, that might offset (in fiat) the likely drop in rewards for those who will be upset about it.

Steemit Inc. also scheduled HF21 at the end of summer and close to the estimated completion of SMT MVP, and both of these should help with the activity and people spirits, hopefully.

Sort:  

Hi @gadrian!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.445 which ranks you at #7255 across all Steem accounts.
Your rank has dropped 28 places in the last three days (old rank 7227).

In our last Algorithmic Curation Round, consisting of 144 contributions, your post is ranked at #126.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • Your contribution has not gone unnoticed, keep up the good work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.035
BTC 64866.85
ETH 3369.73
USDT 1.00
SBD 4.45