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RE: Oh the hard fork...

in #steemit8 years ago

Remember that the vote weight of a whale is not equal to the vote of a minnow, meaning when having 100M SP that is worth 1000 times more than someone who has 1K SP. Before the HF this was 100Mˆ2 versus 1Kˆ2. That is a REALLY big change now, meaning the BIG SP holders votes are worth much less than before, and what they do not have anymore is in the hands of the smaller SP holders.

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Do you have a link for that info? Interesting.

From one of your valued witnesses @timcliff

https://steemit.com/hf19/@timcliff/potential-payout-changes-with-hf-19-launch

From STINC

https://steemit.com/steemit/@steemitblog/hf19-equality-coming-soon-linear-rewards

But I assure you, the square root over linear, that is a fact and that is major. In small number it is something like this:

  • A: 10 SP holder
  • B: 100 SP holder

Before the value

  • A: 10* 10 = 100
  • B: 100 * 100 = 10.000

After:

  • A: 10
  • B: 100

Before the ratio between B and A was 100 and after only 10.

Do this for the bigger numbers and you noticed that the top of the SP pyramid was taking almost all the Steem distributed every day. That is why the whale no vote gave us an substantial jump in vote reward. I have the feel that last month or so more and more whales started to vote again and using up their votes every day. Anyway, that experiment is now ended. Lets see what that will do coming days/weeks.

Thanks for the details! Helps :)

Hi - having been here less than a week, I barely understand voting frequency and which votes carry more weight.

I do understand the ratio above, though, so thank you!

Cool! :)