After a day at a ladder there was a big suprise.
Now that is quite an impressive impact that Hard-Fork 19 already showed!
One Steem Power is one vote
Being mainly painting outdoors I had not watched how things were going at Steem. Today was the big day of Hard Fork 19 {HF19}, the big equalizer. And when I first looked at some reply to a post of mine I was suprised. How come that it was at such a high payout all of a sudden? Still only my upvote. And as I scrolled down as saw a pattern emerge. That made me wonder if HF19 went a little crooked and by accident had changed all the potential payout values. So I looked at the SteemIt blog account. But no alerts, just the notification that it would be done on june the 20th...
Could it really be that this was the big equalizer? One Steem Power, one Vote it said, yes, but with this kind of impact? My expectation was that my upvote would be about 4 times higher. Meaning that it would be about 84 cents worth. Instead it was double that value. Experimented with the Voting Power slider and even at low percentages my upvote still was worth a lot more than yesterday. If that is the effect of one Steem Power {SP} equals one Vote than this is great for a lot of accounts. Many more accounts now can make a difference with their upvote. While the higher level accounts will still have a big impact, although a bit less than before.
That might do the price of Steem good
Even though the cryptocurrency market still seems a bit restless and going past 116 billion somehow is a tough nut to crack. And there is still way to much capital invested in bankers supported 'coins' like Ripple and Stellar, which I think have nothing to do with cryptocurrencies/ bitmoney. To me they are the Trojan horses in the cryptos realm. Anyway, the effects of Hard Fork 19 should create quite some buzz for Steem in the Cryptos realm. That then creates attention and would result in some more attraction of people and investments. More capitalflow into Steem, higher market price, even though currently there is a big selling going on.
The latest All Time High {ATH} for the cryptocurrency/ bitmoney market at 116.618.000.000 seems to have triggered some automated selling orders again. And the pattern did indeed show a very high 24 hour throughput followed by a lot of red percentages. Yet, the effects seem to stay within limits. And for Steem, and others it might be a good time to buy. Now if everybody just sold off all their Ripple and Stellar then that capital could be used to invest in real cryptos, like Steem. But my wild guess is that some would disagree with me on that. All in all though the fastest kids on the blockchain are doing very well. Newcommer Peerplays is in the top 40 and Bitshares top 10, with Steem at 16. But there are more of the 3-2-1-DONE family in the top 100, with Golos at 90 and Muse at 91. And EOS is not even released into the wild yet!
Great time behind us even better in front
Yes, I think the big equalizer, Hard Fork 19, is one in line of many to follow that will make Steem even better than it already was. And that should also reflect in its market value. My speculation for Steem stil stands at 12 USD value. When the Steem Community Tokens {SCT} will be announced it will cause yet another buzz in the cryptos realm, it is one I can hardly wait for. But until that time it is great to enjoy the Power that was Vested in us by Steem!
Have a great one!
With Steem gently hooked
image cc-by-sa @oaldamster
NOTE: Only invest in cryptos what you are willing and able to lose. And your speculation might be as bad or as good as mine.