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RE: @dantheman & @ned: I will pay you $1 Billion USD for all Steem Related Assets
The problem with a tapered voting system as you describe it is that all the minnow (bots) are usually the first to vote and have no monetary value attached to their votes. So by the time someone with money votes on the post it would have no monetary value either. You would see posts with 1,000+ votes at 20 cents in a system like you described.
Is that what happens?
It would under @lpfaust idea for voting!
How the votes taper could be adjusted, perhaps not each successive vote it could be at key values and reset at 30 minutes. I think the knock off benefit of this would be that people who curate as a whole don't just dogpile a "sure thing" and are encouraged to uncover other content. If they do dogpile, then the reward reduction will reflect the decreased amount of work (or risk) put in to uncover other gems. I think it solves two fundamental problems with enough flexibility.