This solution does not promote voting for new users/new content. It promotes voting only the people who have been around a long time, who have what seem like reliable reputations.
100% this.
I was informed by marky that upvoting accounts with low rep would not hurt my rep. Apparently that's not necessarily the case.
I think it's amazing how these vigilantes keep changing "the rules" and yet, they still claim there are no "rules".
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Yep. The steem you "give" to others with "your" upvote drains the private-reward-pool-pie.
If you stop upvoting, "your share" (based on your steem-power) of that pie goes straight into the mouths of the TOP-EARNERS (where it belongs).
Oh, right, some of them will even downvote you for having a full downvote meter (you're not doing your part for the "community" you free-rider), so you better gets to downvoting!!