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Doesn't up voting everything reduce the value of our votes?

Yes, it does, but we get 10 votes per day, so I vote until my VP goes to 80% then wait a day to vote more. Sometimes I need to come back the next day to continue voting because my VP dropped too much. It's all good though, because up-votes also increase your reputation score. I don't know if the weight of the vote affects reputation or if a vote is a vote when it comes to that part.

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