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RE: Pre-Release: HF19 Linear Rewards!
But wait,
if you will only need 10 (100%) votes now to exhaust your voting power, does that mean that some people will use 100% of voting power for a self-vote thus increasing their own reward massively? I smell abuse.
yes, and this will create demand for steem power, good for the price of steem
You have different view on this, but you are not wrong. :) I agree with you, the demand will increase the price.
I'm sure it would be easy to create bots to counteract abusers of self-votes.
It seems if you are right that that could be counter productive. That would take away from the lower levels like myself and encourage the higher levels to self-vote.
Technically if it is blatant self voting (which isn't voting on your own stuff that adds value to the platform) then other users can still downvote. It doesn't really change what users can already do today, it just allows them to do it across fewer posts. Doing it across fewer posts would likely make it more noticeable that people are doing it - so IDK if it will really cause much harm.
It takes much more than 10 votes to exhaust your voting power. Your voting power will eventually reach an equilibrium where the voting power used each day is equal to the 20% you get back each day. Because spending voting power is exponential decay, it actually takes 11 votes to decrease your voting power to 80%. Another 14 to decrease to 60%. 20 more to get to 40%. 35 more to get to 20%. 79 total votes to get to 20% voting power, all with 100% votes. Under the current rules it would take 321 100% votes to decrease your voting power to 20%.
Thank you. Very helpful.