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RE: Your Votes Don't Matter ~ Back of the Envelope Steem Power Madness Calculations
This is a huge issue. I think it's better if the formula is simple but why not the 1.5 power?
I would love to see a real post wIth different scaling factors and how it might impact rewards.
The example would be 10 post with ten votes on each and a whale vote on one. Then show the payout under the old or new formulas
Good question, but also why not 1.01 power? Anything higher than one will help fight sybil attacks, and the less 'extreme' it is, the more fair it will be for "normal" users. I agree a more detailed post would be good but honestly my SteemIt related posts have gone nowhere so my incentive to put a ton of effort into something like that is pretty small. This post was kind of a way to see if people had any interest in this topic or not (it's also sometimes difficult for me to figure out what points from the white paper might be known to many and what points aren't) - so far it seems like there is some so, yay!
I would like to see the numbers run with 1.1 1.2 1.3 all the way to 2.0 and see how different it is. Perhaps it will be obvious which is a nice balance to rewarding winners and rewarding all.