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RE: [MINNOW ALERT]Steem Give Away - 7/27/2016 - 12:44AM EST
This will inevitably lead to the original author gaining more than 10 Steem worth of value from this post because of how people will vote and the number of people who will vote. But for what? This post contributes nothing.
Net change = enriches the original poster. One commenter/upvoter will get some Steam. The system will reward this kind of behavior at the general expense of everything. Remember the way this intricate economy works is similar to a democratic socialism.
Just my opinion. Good day!
There are many new people on the site that never earn anything for their posts. This has the same dynamics as the Steemit platform itself. You never know when your post will be upvoted by a whale.
I do appreciate your criticism.
I was not trying to be personal about it and I'm glad you took it fine. I honestly think this is a really amazing platform after reading the white paper. I mean it is a little economy in itself with equity and debt and liquidity and some socialism. Just neat stuff!
im glad the payout time is now set for 12 hours rather than 24 hours
his\her voting power is at 91% so not bad so far. vote away!
A bunch of people voting for his/her post would not dilute his/her voting power. It would increase it because he would hold a higher proportion of steem power in the end. His voting power would go down if he went on a voting spree himself.
so if he votes on everybody that comments his voting power doesnt go down? Crazy, I voted on 20 people at once and it went down fast but I guess if he take 5min brakes it be okay?
Well it does not look like he is voting all of the comments up. If he were, that would hurt his power. The voting power is just a ratio of steem power to quantity or rate of voting over some short period of time (I think 24 hours). So assuming his steam power is fixed (just for the sake of argument), the more he votes, he less power he will have.