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RE: Announcing Steem 0.14.0 Release Candidate

in #steem8 years ago (edited)

I'm almost done putting together the Steemit FAQ. Can you please elaborate on the voting power changes so I can alter it accordingly?

Here's how that section of the FAQ currently reads:

What is Voting Power?

Think of your voting power as a big tank of water. Every time you vote, a valve at the bottom of the tank pops open and squirts out some power. The fuller the tank, the more power squirts out the valve. The amount of power that squirts out the valve is one of the things that determines how powerful your vote is. (The other is your Steem Power, which you can look up in your wallet and is an entirely separate thing.)

If you vote and vote and vote without stopping, it's like leaving the valve open, and it won't take long before your tank is empty.

Fortunately for you, there is a steady drip of power coming back into your tank! This drip refills your tank at the same rate, always, no matter what. What happens to the drip if your tank is full? The water gets wasted! Think of it like the tank just overflows if it's full; all that voting power just dripping down the sides going to no purpose.

How voting power works:

  • Your account has a number between 0 and 100 called "voting power."
  • When you vote for a post, slightly more than a 200th of that voting power gets "spent" on your vote.
  • Your voting power regenerates over time at a fixed rate of about 1 point every 100 minutes.

How to vote optimally:

  • In general, you should never vote less than about 27 times per day. If you do vote less, you're letting your voting power go to waste (because your "tank" is full some of that time, and the "drip" is spilling over the brim).
  • Surprising news: if you want to maximize your total influence, it doesn't matter how much you vote, as long as you vote more than about 27 times per day. Your overall influence is the same whether you vote 1000 times per day or 27 because of the constant drip of voting power filling your tank.
  • However, The more you vote, the less each of your votes is worth. So you could vote 1000 time​s per day, but each of those votes wouldn't be worth very much. Your total influence would be optimal, but your power per vote would be relatively tiny.
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errr... is this still accurate?