I can see how some power users would be able to create 100 accounts and develop a voting distribution/bot that optimises their voting power for their own benefit, but this would be a very small minority of accounts. I think it would help a lot by creating an administrative burden for those still wishing to continue voting abuse.
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The accounts that are doing the most damage from self upvote abuse are the ones that can easily do it.
Interesting. I just checked a random day, and the 30 top accounts do about 50% of the self-voting by reward share. I wouldn't consider all of this abuse though, there is some percentage return that seems reasonable for these large investors.
Does more of the actual damage not come from the perception that the mid/smaller account holders have about the platform though, and through vote-seeking spam?
I would agree with that.