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HF4 - The Facts

ijmmaiwitnessPosted to Publiclast month4 min read

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The word is out, HF4 is near. Things got exposed a little earlier than planned, that is why no official announcement has been made. Unfortunately it triggered people to jump to conclusions, which had little to do with the facts.

The List of Changes

Whalestake Distribution

DestinationHF3HF4
Daily Vesting Reward Pool70%85%
Content Reward Pool15%0%
Witness Reward Pool10%10%
Dev Fund5%5%
Unclaimed RewardsContent Reward PoolDev Fund


What does this mean?

After HF4, you will no longer be able to reward posts or comments with the (regenerating) content reward the way you were used to. Instead you will tip comments and posts. But not only that, you can also tip an account. You can even tip friends and pods posts of accounts you don't have the required relation with.

Where does tip money come from?

In short, from you. A special tip jar is added. You can add money to this tip jar from your daily reward or from your liquid WLS.

When you tip someone, either on account, post, or comment, it will be available as Whalestake to claim, immediately, on the Status page of the receiver. Just like content/curation rewards showed up before HF4.

Moment of Truth

For some people this will be the moment of truth. Did you stick with the right friends? Will they still support you now the tip money will come out of their own pocket? Time will tell.

Newbies

Some worry about new members going to have a hard time growing their account. I am not afraid of that at all. At this very moment, there are more than a few people already searching for newbies whom they would like to sponsor with their own earned daily-reward. Those are the people who enjoy the platform and the interaction with others. Those who find joy in seeing someone else flourish, without putting themselves in the spotlight. I have confidence in the people who are here to help the platform forward.

Archiving Posts

Posts will be archived 30 days after the last comment. This gives more room for interaction than before HF4. Archived posts are still available but can't be interacted with. You may want to reward a post that has no option to be rewarded anymore. That is where the tip function comes in handy, in such cases you can tip the account. I know, you want the receiver to know what it is for, no problem, there is a memo field. This memo will be displayed as a clickable icon on the Tips page.

Some people would like posts to be accessible forever, in my opinion if that were to happen the platform would lose a feature only blockchain platforms have. An easy way to proof you are the owner of content, an easy way to proof you posted it before someone else did.

Match by Interest

To match people with people and people with pods, a new plugin/api has been added to record, compare, and link accounts and pods by interest.

Notifications

Notifications on account actions have been added. Notifications on comments, tips, and more.

New Accounts

When creating a new account in the Wallet section, you are now able to send some extra Whalestake to the new account. This will prevent the new account from running out of DaBa immediately.

HTLC

This is a great feature not everyone will have immediate use for. HTLC stands for Hashed Timelock Contract and is a type of smart contract. An oversimplified description would be, this allows for conditional payments to happen. It also opens doors to different partnerships for Whaleshares, and WLS token use.
A more in-depth post is needed to explain it thoroughly.

General bugfixes

  • fix friend-post that only friends can comment
  • prevent voting for disabled witnesses


Use your witness votes wisely

Jump over to the Block Producer / Witness page and cast your witness votes. Simply click on the (^) up arrow next to the witness names of your choice (consider voting for "krazywitness" and "ijmmaiwitness") and supply your private active key to lock in your vote. Refresh the page in case your vote doesn't seem to stick.

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