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RE: Is Steemit a community where the rich get richer and the poor get poorer?

in #steemit8 years ago

Getting mixed up in the information I got here and there I was under the impression that your voting power was proportional to the square of your steampower which would be incredibly unfair for people who don't hold a lot.
Reading the whitepaper again I understand this applies to payouts, not to your voting power. Here is the formula
votes[x]² / sum(votes[0…n]²)

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