Basically, all posts share a pool of x amount of steem power & SBD, split across all the users being upvoted at that time, so when someone takes 70%, that only leaves 30% for the rest of the community to share between us, and that is how it affects us, I think!
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not actual
yup, that's it. But no one can take 70%...
We have a limited reward pool that's created everyday and distributed according to votes.
Kind of, it is a little more complex then that but for a very basic explanation, yes.