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RE: Your voices have been heard: Steem 0.14.0 will improve voting rewards!
This is a very poorly understood change.
Look at it this way, every user gets so much power flowing into their cup. Under current rules most users cups are full and their power goes to waste.
Power voters waste less power because they keep their cups less than full.
New rules allow normal people to use more of their power by draining their cup faster with each vote. This means they can capture more of their power.
Net effect is the percentage of power used by normal voters increases, while power voters decrease.
Dan you aren't thinking like a user. Please for the love of god get some usability experts to help you out. You need to start taking into account optics and casual users. Do you not want this platform to be adopted by the masses? Maybe I'm confused about your goal.
This is not the right approach to be taking if you want the platform to grow and be adopted by more casual users.
The optics of a 5 vote limit is problematic. Spare us the math and fancy new tools that we'll have to use to do something so simple as upvote and figure out a way that we can upvote by clicking on what we like without worrying about how much that vote is worth and how many other votes I plan to do etc.
There is no need to make something simple and intuitive into something complex and burdensome.
At the very least start with 10 or 20 votes and show us a positive effect.
That is exactly what Steemit Inc needs! UX advice. While steemit is wonderful, it is currently "by engineers for engineers", thus hampering mainstream adoption.
What they need is to profile several users, only one of them being tech savvy crypto veteran.
If the idea is to teach the masses about crypto world it is best to simplify, not make things more complicated.
Steemit is much more user friendly then BitShares, but it is not user friendly enough! While my experience in UX design isn't all that great (I worked in it for maybe 8 months), I've read a lot on usability before that gig, and after. There clearly IS a problem.
In scenarios like this it is useful for powers that be play the "Prince and Pauper" game. Try starting as a minnow, and get an accout at least to what is it where you get the slider 300 SP? At least a couple of days of only using the minnow account would be very insightful!
Yeah, I would love for a few founding whales to do an undercover boss like research experiment.
Thanks for your comment, I was having a VERY hard time explaining it!
I think this summarizes it: "Net effect is the percentage of power used by normal voters increases, while power voters decrease."
Where do you get the idea that your power is going up? No one's power is changing. The only thing that is changing is the number of votes we all have at FULL power. This is not a way to spread the wealth, since you, yourself, will only be able to vote for 5 posts at full power on any given day.
Lets say you made a post that was voted by 100 minnows and dolphins but no whales voted for you.... all whales voted 40 times on different posts, your rewards will be diminished by the amount of posts whales decided to vote instead of yours.... with the new system whales can vote for less posts with full power so if you have a highly voted post you should be safe from this dilution.
I apologize because in the post I clearly did not express my point clearly
Thats great, thanks for the information @dantheman!
So for somebody who uses the site more actively than the average user, will this drain their voting power even more? Considering accounts that are under (30k sp?) can't even scale their votes, this seems like it will kill the incentive for minnows to keep being active and voting away on comments and posts. I have already been having my voting power very low for most of my time here, for me this seems like it tells me to not vote as often as I've done before.
Or am I totally missing the point of the change somehow?
I think they've changed things so accounts with 300 SP can now scale their votes.
Yeah I noticed it after. :)
Thanks for the great explanation :)