STEEM REPORT SEPTEMBER, 3RD
Target Votes of 5 per Day instead of 40, Feed Tab is gone, and a new Voting Power slider.
Steemit announcing :
Target Votes of 5 per Day instead of 40
We are changing the target number of votes per day from 40 to 5 so that more people keep their voting power below 100%. The purpose of this change is to rebalance power toward normal users and away from bots. You can still vote as often as you like, this change merely impacts the speed at which voting power is consumed.
What is the Target Votes 5 per Day change, anyway?
Currently a whale, bot or anyone can vote 40 times a day without it negatively impacting their voting power. Voting power helps promote accurate voting by rewarding those that stay within the limits. Now this count is going to 5 votes per day! This has a 5 day regeneration period, so basically if you continually go beyond the limits your voting power will be significantly impacted.
This nice little graph is from user @burnin, he explained:
Before this change, your voting power would drop to 79.81% when casting 44 votes, now it would drop to 81.41% after 4 votes, as expected. In the new model (blue line), it would drop below 1% after 86 votes, when it took 703 votes beforehand. In both cases, it still regenerates 20% after a day and fully after five.
The next new thing i realized is the new Voting Power Slider.
Now you can choose how many "juice" you wanna give for a post or a comment.
Like this you can adjust how many times you can vote.
For example: you can vote 5 times with 100% or 25 times with 20%.
Last night i had a conversation with @craig-grant , he mentioned in his video that after the hard fork each vote will be worth 8 times more. After asking him why is that so, he explained:
" 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"
The last news for today is the Feed Tab. I looks like its gone... no its not, its called home now.
Thanks for reading, if you like the Report, please follow, upvote and comment.
The feed tab isn't gone! If you click the person icon on the top right hand of your screen, you will see a drop-down and "feed" is the first option. Also if you click the steemit home page, when you are logged in, what you get is your feed.
Its a redirection to the home tab. But yes, true its still there, thanks for the info.
thanks for explain new release document.
it is very easy.
Thats exactly why i did it, i was confused first too.
have made a upvote but see no slider!
There is this slider?
I was told this morning that you need 310 SP before the slider appears
Thanks for the info.
Here it is, i took a screenshot!
I don't have a slider
you need min 100 sp
Thanks for the confirmation
strange, well as you can see i have one, maybe it takes a while until everyone have this Feature.
Could be, just read about it, people with low SP dont have a slider.... Anyone can confirm?
Maybe next month we wolud only be allowed to vote once a day. Whats going on with steem?
I think you dont get it so far, you can still vote as often as you want, you can adjust it with the slider. Plus your vote is worth 8 times more. I was sceptic first, but now i get it, this will be very very positive for Steemit, you will see.
thx 4 the data!
You are welcome.
hmm... we´ll see how this goes.
I see it positive, first i was sceptic, but after @craig-grant explained it to me, its practically the same, with the only difference that you can choose how much voting power you spend :)
Woo! I get to split my $0.01 daily voting weight across more users! /s :P
hahaha, well buy some SP or write good articles and soon you can spend it across your followers :)
Appreciate the stats being posted and the additional explanation on the upvote "power" changes. Do we know when the 5 vote takes effect? Now, tomorrow..??
Protocol changes effective 9/13/2016 at 11 AM EST (3 PM GMT)
Awesome, thanks for the info!
Great Post i must confess.
Thanks!
This post has been linked to from another place on Steem.
About linkback bot. Please upvote if you like the bot and want to support its development.