You are viewing a single comment's thread from:
RE: What is the Target Votes 5 per Day change, anyway?
Thankyou for this analysis @burnin.
Having read through your analysis, would I be correct in saying that this change has little impact in real terms because larger accounts ( also known as whale accounts ) can simply reduce there voting power to 12% of its previous weight and continue to have almost the same effect on the voting system as they did in the past ? And if so do you think that whales voting with a reduced voting power of 12% (and I assume therefore whale voting will occur on more posts) will mean that more of the new or previously unnoticed steem posts will benefit from this change ?
Whales already vote with a reduced weight so that shouldn't change much. Maybe everyone will start voting at 10% and all will be the same.
More likely less votes will be cast and rewards will be more concentrated. Need to think more about it.
I think most likely people won't understand the change and be frightened from voting. But what you say at the end should be true: it shouldn't make a difference whether you vote a few times at full power or many times at reduced power. Actually, voting many times at full power should be exactly the same as voting many times at reduced power.
The other thing to remember about the change is that while you use up more power on each vote, your vote is also much more powerful.
I do agree people will cast less votes but I'm not sure rewards will be more concentrated. People most probably will still try to get the most reward from their curation and this isn't done with casting vote on the most votes posts.
People looking to maximize rewards from curation will likely vote with a reduced weight.
People voting on content they like will either vote less or have their votes matter less and less over time if they vote on more than 4 things a day (which sounds likely if one doesn't know the rules).