RE: Doing the Math on Reward Pool Abuse
I don't know if the so-called voluntarily implemented and abused "no-whale voting" experiment is going on, I've been away for a long time, but if all the whales vote a lot, everyone's vote is worth much less. So maybe that's still partially in place...
Some whales agreed to let the regular users vote up content to have more influence, and some whales ignored it and voted up their friends while flagging others they didn't like (like me). I got fed up of the abuse of power, started in January 2017 on me, I was a top earner, the top earner for a few weeks, and was not liked for my level of information quality trying to educate people... people got really jealous that I worked and earned my up to the top earning position, and so began my downfall after I started calling out the whale abuse. Flagged for a post on consciousness getting on trending page because "it's not helping attract more users to steemit, not good for steemit" and other BS reasons to flag me after. They can whale upvote their friends, but I wasn't allowed to get whale upvotes, was hypocrisy... Many just wanted fluff quantity to attract the mindless masses...
Yeah the flagging system is a joke. I've suggested trials by jury but it would require a lot of witness support to go into effect.
I have read About this few months back.
Whales screwing all the minnows from making profit. I read something about haejin. There was like a flag war going on. Many comments against haejin from what I remember. I just came across a recent post about this issue. It is a very serious problem for most of the platforms continuing success. And most Steemians out there for sure.
But In Reference to this post I agree with your calculations. My SP is only at 349.00, and my upvote is worth around 0.13 or 0.14 at full power.
how? I have more SP and I have less upvote power?
I should be more specific, this was when steem was at almost $10 and sbd was damn near $15. Honestly I think my sp was lower tho, around $270 or so.. I can go in my history to get exact numbers if you like.