Why Have My Pending Rewards Changed? The Economic Effects of HF6

in blurt •  3 years ago 

Blurt is currently in the middle of a new hardfork: HF6. There has also been a lot of work done in the background, to the RPC nodes and to ensure the witnesses on RPi machines continue to be effective.

Anyway, you will probably see two changes to your rewards.

One can already be seen! This is the fix to the pending rewards. The Blurt API is now broadcasting the correct pending rewards, so your paid rewards should now be the same as those pending. This means you no longer need the mental gymnastics of halving the value. Nobody has lost anything, because there was nothing to lose.

The second change will appear once witness consensus has been reached and the HF6 is thus activated. This is a change to the reward curve that will bring it back to almost what it was pre-HF5. What users will see is that whale votes will decrease and come in line with minnow votes in percentage terms. Of course, the actual values in BLURT will still depend on Blurt Power staked.

This means everyone's vote will yield more or less the same in percentage terms. I will explain this further in the next post on Blurt Economic Indicators, as will then have some figures. What we may also see is that the reward pool will start to rise again and then fall. This also means that most users should see a modest increase in their vote value; the whole process takes about a couple of weeks.

Any further questions regarding rewards and voting, just ask.


Please vote for my witness account @busbecq.
Can be done directly here.
A witness is more than a machine.
Thanks!


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Yes, there was an error and it has got rectified now. Though those big numbers did look good on the screen :-)

  ·  3 years ago  ·  

haha - too good to be true! especially once the real rewards landed :-)

  ·  3 years ago  ·  

Awesome developments.... thanks for the updates.

Excellent post @rycharde! sharing with others users right now!

  ·  3 years ago  ·  

Congratulations, your post has been upvoted by @Scilwa, which is the curating account for @R2cornell's Discord Community.

Curated by @r2cornell

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Hi, @rycharde,

Thank you for your contribution to the Blurt ecosystem.


If you would like to support us, please consider voting for the witness @symbionts.
Or delegate to @ecosynthesizer to earn a portion of the curation rewards!

  ·  3 years ago  ·  

Great work Dev team. I am looking forward to seeing how the new economic changes pan out. I am also looking forward to the new front end that will go along with this, that is still the plan right?

  ·  3 years ago  ·  

I'm not directly involved in that, but yes, the plan is to bring back one of the original blur frontends.

  ·  3 years ago  ·  

Hey, What I understood is now we can see the rewards which we can get. Before the update one of my posts shows a pending rewards more that 700+ Bp and then it converted to 300+ Bp pending rewards. But today when I got the payout I saw I have got only half of 300 Bp (Current showed value in the post) as my author reward. Anything wrong?

  ·  3 years ago  ·  

post rewards = 50% author + 50% curators(voters)

  ·  3 years ago  ·  

What about the said 25%/75% split of the reward. When will that be implemented. Will it be part of the HF6?

  ·  3 years ago  ·  

I expect so.

Congratulations! This post has been upvoted by the @blurtcurator communal account,
You can request a vote every 12 hours from the #getupvote channel in the official Blurt Discord.Don't wait to join ,lots of good stuff happening there.

Esta publicación ha recibido el voto de @blurthispano. Te invitamos a usar el tag #blurthispano. Nos puedes encontrar en Discord

Te invitamos a votar por @blurthispano como Witness

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  ·  3 years ago  ·  

I somehow don't get what you mean by percentage... wouldn't that also mean Blurt rewards?

  ·  3 years ago  ·  

% of BP.
Look at my economic indicators reports and you'll see many values expressed as vote-yields.

  ·  3 years ago  ·  

Thank you. I got it.