Voting Power Algorithm was dropped because many users were under the impression that their vote would be worth 8x more, but that was not the case, so if it was implemented and the votes did not reflect the 8x value, shit would have hit the fan. I was looking forward to upvoting myself 5 times per day at $2 per vote and stop voting after that.. oh well, that would have been cool. I am content with the current system.
It was over a 5 day rolling period though... it would take 5 days to get back to $2 after that right?
No. If you were to vote 5 times per day under that system your voting power would return to 100% each day. 5 times per day is a rate. 20% recharge per day (equivalent to 100% per five days) is also a rate. If the two rates match or the recharge rate is higher than draw down rate, your voting power does not decline.
Interesting... thanks for the clarification
if I vote more than 5 times in 24 hours at 100%, then my vote power goes down
in the current system or the proposed one?
in the current system it is 40 times in 24 hours, then my vote power starts going down
Ok, that is what I thought, but it also says over a rolling 5 day period. Meaning if you voted 5 times in one day (for the proposed system), you would not have max voting power (or $2 in your example) for 5 more days... not 24 hours like was implied...
That sounds like it would have been a really great plan for the platform, its users, and the growth of it!