RE: Your voices have been heard: Steem 0.14.0 will improve voting rewards!
NOTE: The voting power will be reduced for ALL users, not only whales. However, whale´s impact on the total porcentage of the voting distribution will be less than what it is now. Everytime a whale votes on something is redistributing future payouts, taking a porcentage away from all posters and giving it to the person he voted for, after the fork whales will only be able to do this 4 times with full power (now they can do it 40).
this entire post is predicated on the notin that whales are maxing out their votes right now, which for the most part they are not.
If you look, i suspect that you will find that around 5 is the typical number of full power (or full power equivalent) votes that the whales cast right now.
What this change will do:
It will decrease the number of full power votes you can cast by 87%
What this change will not do:
It will not make your vote more valuable, because in order to do so, it would have to decrease whale voting. But its not decreasing whale voting because whales are already not capping out their voting.
Yes I think I expressed my point very poorly, but look at it this way:
Whale`s votes are the ones that really make a difference on total daily distribution, with the cap this influence will be reduced and you won´t be so dependant on whales votes to make money... I would like to see how this plays out tho.
yes, but whales aren'tcurrently using 40 votes anyway. This will not decrease the number of whale votes. Therefore, it won't increase the power of non whale votes. The only thing it will do is make sure non-whales can cast their vote, which will be worth the same or nearly the same as it was, 5 times instead of 44.
This change is about further centralization, and promising users that their votes will be worth more or their posts will get paid more because of it is an sickening falsehood.