The voting system was always intended to be for rewarding good content of others, and not to upvote our own posts or comments, regardless of how good or bad it is. Yes, the mechanics allow it, but that doesn't mean it is intended for that use. Before you argue this point go and read the whitepaper (somewhere near or on page 16).
I would recommend a system of diminishing returns per self vote, with increased drainage of voting power.
For example: Over a 24 hour period
- 1st self vote= max of 5% voting weight with 10% reduction on voting power.
- 2nd self vote = 4% voting weight with 15% drop in VP
- 3rd self vote = 3% voting weight with 20% drop in VP
After 3 self votes you now have only 55% of your voting power left, which will take a bit over 2 days to get you back to 100%. After 5 votes you have no power left and a 5 day wait to get it back up. The weight can be 50%, 40%, 30%. It doesn't matter, but the voting power will be the main factor in stopping the abuse of self voting every post and comment.
This is definitely a good suggestion and one that could please both sides as it is not removing the feature from being used but if used frequently diminishes the returns over a period of time. I like it and I think that it should be mentioned to the developers assuming that something like this is not already in the works for the next hard fork.
Thanks @mrwalt. I have posted a more indepth article about my proposed voting system, which hopefully can gain some traction. Would love you to have a look and resteem if you see fit. Thanks!!
https://steemit.com/steem/@bmj/proposed-hf-changes-to-bring-voting-back-in-line-with-its-intended-purpose-rewarding-quality
Thank you for sharing as that was a very indepth article and I think that it is something that should indeed be looked at prior to the next hard fork.
I appeciate your input and thanks for the support.
@bmj my pleasure and thank you for taking the time to put that content together.