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RE: Hardfork 21 - Steem Proposal System (SPS) + Economic Improvement Proposal (EIP)
Not necessarily. The curve applies to overall payouts not to individual votes. If more smaller votes allows you to target your votes more effectively and get better, or at least more consistent, curation rewards, you may be better off that way.
Agreed, I did some math on it and there is a small advantage to casting full votes but it's not much and it can be offset by having good curation efforts just like we have today.