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RE: Announcement: All votes will be up to 8 times more powerful in new hard fork!
My highest curation reward was around 11SP - if I had 1000SP it would have been around 0.7SP as a curation reward. So about 700x your estimate.
It's all about timing with curation rewards.
This update is good because it gives more power to less active curators. The more active curators can just reduce their voting power and vote in the same way.
What is your average curation award? You can't base a big change like this on a one-off which happens once a month. Especially as we're trying to analyse daily votes. If a person votes 40 times a day, that's 1200 votes a month.
I just had a look at your account and you have 14,000 of steempower. Are you really claiming that a minnow with say 10 steempower or 50 steempower can ever duplicate your one-off curation reward of 11SP?
I think this change will really help the whales and the dolphins, and a few posts will end up getting huge rewards. But saying to people "you are going to get 8 times more of zero, isn't this exciting", is a bit of a con...
Yep, you caught me - I'm a con. ;) Just trying to pull a fast one on everybody. But you're arguing a different point than I am. Your complaint is fundamentally with the "1 SP = 1 vote" principle, not with the details of voting power.
Average is much lower, I just used an extreme to illustrate a point. What I'm saying is that an equivalent vote for someone with 1000SP would have been a 0.7SP reward. You said this ...
"If you have about 1000 steempower you can deliver 1 cent in your vote and earn 0.001 steempower curation award"
Which is wrong, you can make much more. Now someone with 1000SP can vote like they have 8000SP so the case I explained they'd get 5.6SP.
It gives people more options. I agree it was framed badly though - they should have called 12.5% the 'default mode' then ... 100% the 'super charged mode'
It means dolphins can really boost a post from a new minnow. Curating for profit is only worth it when you have enough SP.
Not quite. Vshare=Rshare^2 10X more SP, iiuc, = 100x more reward