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RE: Here's what happened on Steemit on the first full day after HF19

in #steemit7 years ago (edited)

Thanks a lot for the data and the new feature of 'SteemNow'! :)

Concerning HF 19:
After I had enough time to think about the changes I predict an exclusive 'club' of big accounts voting for each other with their few available heavy votes (which is a completely rational behavior as the system allows it) which means that in the long run smaller users will get even less of the cake. Why would a big account prefer to vote for other big accounts instead for some minnows? Simply because he rightly expects big votes in return for his own votes ... if a minnow returns his vote the reward is very low though ...
Apart from that also self-voting respectively voting on ones second, third, fourth, ... own account unfortunately has become much more attractive now.

To flatten the reward curve was a really good idea which sadly has been counteracted by the increase of the impact of the 100 % votes by a factor of 4, while voting power is decreasing much faster than before.
I think, considering the fast growing number of new members, it would have been much better to favor spreading many small votes instead of increasing the impact of a few 100 % votes. Of course I still can spread many 1 % votes, but the temptation for big accounts is rather high to exclusively vote for each other (respectively do self-voting).

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Time will tell what will happen...
I'm happy with the changes at this moment, but I have my concerns as well. Self-voting is bad behavior, altough highly encouraged now. It's not easy to reach equality in a world with rich and poor people.

Since I am very new to this, could you provide a guide on how we should be using the voting strength. Since my voting strength is low I always use 100%. Am i to understand that this is somehow depleting my voting strength. In other words am i blowing all my strength on one day on one 100% vote?