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RE: STEEM, it's between me and my mechanical reflection (voting power strategies)
Why is your vote worth 8x more after the hardfork? Is that a new too?
Why is your vote worth 8x more after the hardfork? Is that a new too?
it's the way the new voting power works, the rewards are always 10% of the steem market cap, so the amount of rewards are not going down, just the voting power is more condensed, so instead of 40 votes for 20 cents each, it become 5 votes for $1.60 each... 40/5 = 8.. then 8x20 = 160
Sweet !
I’m still not sure about this new system of voting rewards. If the value of the five votes goes up that much wouldn't people just make five simple comments each day and vote themselves up on them? It seems like the incentive to vote for others or to produce valuable content would go down as the ability to easily vote rewards for yourself goes up. I do see the value in trying different things, but many people are questioning this change.
yes, you are right, but there are those who simply prefer to vote for others rather than vote for them self, I am not that type of course. The benefit to people self voting is they will want increase their payment by having more steem power, this creates more demand for steem, and the price of steem goes up
I mentioned or little conversation here in my daily report....