Sort:  
  • Trending
    • [-]
     8 years ago 

    Basically if you look at the current slider at 100% and how fast that burns through your voting power, it sounds like they are enabling essentially turning that up to 400%. So it'd use more of your steem power, but burn through your voting % faster. This is cool for giving some posts higher payouts and making it so people with low steem power might be able to give a few pennies worth of reward. It does however, seem like a way you could consolidate power in certain posts AGAIN. So a post that benefits specific entities that could only get 100% from each person before could now potentially get 400% from all of those people. That seems like a backwards step from some of the goals of the 7 day payouts, etc. Then again with the change to the reward curve it may not matter.

    $0.00
      Reply
      [-]
       8 years ago 

      Right - seems like the linear curve would smooth out some of the potential abuses with upping the max vote weight.

      $0.00
        Reply
        [-]
         8 years ago (edited)

        I'm really happy to see the proposed changes. I plan to take some time to review and discuss among other witnesses before taking an official position, but in general I am in support.

        Here is an interesting post to read if you are interested in learning about the vote magnification change: The Battle of Upvote Weights. A similar change was proposed a while back, but didn't get the necessary community support to proceed.

        $0.00
          Reply
          [-]
           8 years ago 

          Thanks for the link Tim. Look like that will provide some insight!