You are viewing a single comment's thread from:

RE: Steem 0.14.1 Released - Hardfork Postponed until 9/20/2016

in #steem8 years ago

@james-show when you say

Divide 5 by the # of votes you do now (per day); Use the result as a% vote weight. So say you cast 30 votes/day now; 5/30= 0.167 or 16.7%. In the new system cast your votes at 16.7% wight.

This is true. And, iiuc, if you vote this way, your 30 votes will be exactly the same in terms of how many Rshares they are worth. IN fact, you don't even have to set the slider, as your vote power will eventually just hit that equilibrium.

However, in terms of real money those percentage adjusted votes will not be the same as they were. Those 12.5% votes will not be worth the same as your 100% votes used to be. They will be worth less. How much less depends on the voting habits of the other people in the system and is difficult to anticipate.

So yes, everything you're saying about adjusting your vote percentage and nothing changing is true, if youre talking about Rshares. If you're talking about post payout, then not so much (at least not necessarily).

this is one of biophils comments on my earlier posts on the subject.

Oh, I might as well chime in. @sigmajin and I have been vigorously miscommunicating on that post you linked to. Our misunderstanding boils down to this, which I just realized today: we're measuring the "strength" of a vote by two different measuring sticks. I'm measuring a vote in absolute terms by how much it boosts the rshares of a post (the more rshares a post has, the more weight it gets in the reward pool), but he's measuring a vote by how much it boosts the payout of the post. His way of measuring is totally legitimate, and I'm guessing he's right - we probably won't see an 8x increase there. On the night of the hard fork, we almost certainly won't, because everybody's power will shoot up all at once and everybody will cancel each other out. A week later, we'll be back to some sort of equilibrium, and then we'll probably have a significant increase, but possibly not as high as 8x. It just depends on total voter participation; if participation goes up (a good thing), the increase won't be 8x. If it goes down (a bad thing), the increase will actually be more than 8x. It's very difficult to predict.
I really really really wanted to argue that his way of measuring is "wrong," but it's not. It's just unpredictable.