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RE: Safe Steemit ~ 1 Day Voting Moratorium for the Whales
Please can help and explain this comment in a bit more detail " Which means that each time a whale votes at 100% they have such a massive impact that everybody else's loses 90% of their voting power". I am new to steemit and don't know the technical details but I don't see how this would work. How can the voting power of one user (doesn't matter if small or big player) impact any other users voting power?
The amount of Steem being distributed is fixed. If the whales don't vote their vesting shares are not used. The votes of the minnows would be worth a lot more.
Let's say you and I were the only 2 voters in the field. You vote with 3 Steem Power for post #A and I do not vote. The author of post #A receives all rewards. If I would vote for post #B with 100.000 SP the author of post #B earns almost all of the reward, but #A almost nothing.
Upvoted! That explains my question "The amount of Steem being distributed is fixed. " Thank you, I understand now.
because they have more shares, they have more to say ...
Yes I agree with that as this is how it suppose to work but that doesn't explain that if a whale votes, you, I or anyone else loses there own voting power? My thinking is, If I have a vote value of 1000SP, than my voting power is based on that 1000SP regardless what happens around me. Please don't see my comment as something negative, I just would be very (unpleasant) surprised if it is like you stated. EDIT: penguinpablo answered my question above.