In [yesterday's post](https://steemit.com/steemit/@dragosroua/how-hardfork-0-19-0-may-impact-steemit) about the impact of HF19 I didn't take a clear position on the increasing voting power proposal. I felt like I needed a bit more time. After trying to see as many advantages and pitfalls I could, I decided I will support this change as well. Here are the reasons: * more power for a vote will create a _more conscious and careful curation process_: people will be more cautious with their votes. * an average user doesn't consume more than 1-2 hours of social media per day. If we consider that in this time window the user consumes between 20 and 30 posts (at an average of 3-4 minutes / post) then the voting power will be evenly distributed in one session. * the combined effect of the linear curve rewards and the voting increase power _may generate a more predictable income_. * if someone decides to downvote during the last 12 hours window, he/she will have only 10 posts to consume this operation on (correct me if I'm wrong here). We may see less votes from now on, but, a bit counterintuitively, we may see bigger (or more evenly distributed) rewards. So my stance on this proposal is that I support it. *** _I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._ <center> </center> *** <center>_You can also vote for me as witness here: https://steemit.com/~witnesses_</center>
author | dragosroua |
---|---|
permlink | thoughts-on-the-voting-power-increase-hardfork-0-19-0 |
category | steemit |
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ervin-lemark | 0 | 37,656,405,656 | 100% | ||
andu | 0 | 35,191,547,735 | 100% | ||
rok-sivante | 0 | 262,881,073,556 | 33% | ||
trogdor | 0 | 12,042,756,003 | 10% | ||
michaellamden68 | 0 | 2,413,330,891 | 100% | ||
vi1son | 0 | 35,222,979,584 | 100% | ||
ausbitbank | 0 | 1,838,305,314,411 | 47% | ||
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oululahti | 0 | 5,675,611,833 | 100% | ||
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exyle | 0 | 342,781,724,726 | 50% | ||
foxxycat | 0 | 32,311,034,155 | 100% | ||
raymonjohnstone | 0 | 10,978,117,229 | 100% | ||
macchicken | 0 | 305,644,776 | 100% | ||
transhuman | 0 | 2,233,317,160 | 44% | ||
dolov | 0 | 7,604,232,561 | 100% | ||
havok777 | 0 | 20,971,522,748 | 85% | ||
hms818 | 0 | 2,421,962,040 | 100% | ||
darthnava | 0 | 4,122,574,434 | 31% | ||
cristi | 0 | 77,668,298,357 | 100% | ||
michelnilles | 0 | 1,291,208,218 | 100% | ||
lemouth | 0 | 82,107,350,674 | 100% | ||
neptun | 0 | 3,452,420,073 | 100% | ||
cryptomancer | 0 | 173,390,429,248 | 80% | ||
leesmoketree | 0 | 28,011,496,517 | 86% | ||
penguinpablo | 0 | 96,149,309,065 | 33% | ||
cornerstone | 0 | 223,086,620,298 | 80% | ||
kyusho | 0 | 24,182,851,175 | 50% | ||
profitgenerator | 0 | 28,105,264,247 | 100% | ||
abh12345 | 0 | 1,455,459,550 | 100% | ||
boxcarblue | 0 | 91,543,062,492 | 100% | ||
arama | 0 | 1,352,257,759,573 | 100% | ||
michelle.gent | 0 | 76,661,257,312 | 100% | ||
everittdmickey | 0 | 74,572,072,825 | 100% | ||
ameliawheat | 0 | 543,588,640 | 100% | ||
dodders007 | 0 | 24,234,310,479 | 100% | ||
siniceku | 0 | 2,184,792,160 | 100% | ||
dgiors | 0 | 47,990,506,053 | 100% | ||
bigbear | 0 | 146,616,396 | 100% | ||
thejohalfiles | 0 | 1,860,441,895,327 | 20% | ||
dragosroua | 0 | 43,961,160,104 | 100% | ||
knittybynature | 0 | 7,539,688,239 | 100% | ||
raluca | 0 | 3,321,297,192 | 100% | ||
trevor.george | 0 | 39,568,736,297 | 100% | ||
djvidov | 0 | 8,181,165,155 | 100% | ||
angel76 | 0 | 11,199,884,034 | 100% | ||
lennstar | 0 | 12,373,042,522 | 100% | ||
crowdfundedwhale | 0 | 32,511,832,852 | 60% | ||
alinamarin | 0 | 12,066,719,345 | 100% | ||
the3i1 | 0 | 510,941,415 | 100% | ||
yaariart | 0 | 2,889,895,192 | 100% | ||
edje | 0 | 25,525,355,097 | 100% | ||
mysticegoistic | 0 | 15,267,944,191 | 100% | ||
len.george | 0 | 5,181,022,330 | 100% | ||
javirid | 0 | 748,683,941 | 100% | ||
honusurf | 0 | 4,634,100,126 | 100% | ||
inna-yatsuk | 0 | 1,762,445,542 | 100% | ||
trafalgar | 0 | 1,270,091,581,212 | 25% | ||
alokkoshal | 0 | 1,445,107,216 | 100% | ||
thomasgutierrez | 0 | 119,670,497 | 100% | ||
avilsd | 0 | 13,683,395,979 | 100% | ||
bitcoinsig | 0 | 58,876,890,235 | 100% | ||
aismor | 0 | 477,949,831 | 100% | ||
kingofdew | 0 | 2,588,835,480 | 100% | ||
rdickey | 0 | 71,768,408 | 100% | ||
vitkolesnik | 0 | 1,214,741,340 | 100% | ||
marky | 0 | 6,119,040,037 | 100% | ||
variously | 0 | 1,146,512,548 | 100% | ||
doseofentity | 0 | 1,099,733,024 | 100% | ||
steemking777 | 0 | 1,519,257,130 | 100% | ||
manuel78 | 0 | 1,521,672,553 | 100% | ||
reisolutions | 0 | 1,710,251,858 | 100% | ||
circuitshark | 0 | 517,184,930 | 100% | ||
ijoel | 0 | 1,424,445,602 | 100% | ||
nakamotik | 0 | 1,485,059,800 | 100% | ||
songbird | 0 | 1,352,564,497 | 100% | ||
angelgarz | 0 | 1,333,521,939 | 100% |
Without indepth steem knowledge, I just feel this isn't going to help the newer folk unless the power voters consciously dedicate some time to 'new' posts for the (newer) members they are unlikely to be following. Just my humble opinion, but we'll have to wait and see I guess.
author | abh12345 |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t060908116z |
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Nice info... Same thoughts here too
author | alokkoshal |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t055850337z |
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My take after thinking this through this morning: - I don't understand why we have to increase vote power. - 40 votes per day is not a lot when voting for comments. - I predict that we will see less votes for comments which is bad for driving engagement. - It is also ok not to use all vote power each day; I really do not understand the fuss around not using all the vote power daily; BTW in our setup it doesn't even have to be daily, users can vote until they have 0% power and then it takes 5 (?) days to get back to 100% ***note*** - The mechanisms to distribute some of the vote power to others is not easy for the 'mass' in Steemit to distribute this. ***note*** - I also predict that we see first a lot of posts debating the fact that many users will be our of vote power, since many users are accustomed to vote with 100% to posts, the new 100% will be a lot more powerful. At first users will think: WTF my vote is worth X more. Then they start posting positive things about their increase of vote power. Than they see a drop in vote value, and maybe, maybe, maybe they then start realising their is something wrong with their vote power, but more likely they start posting a lot about what they see but don't have an answer for.
author | edje |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t064153631z |
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Agree with you, particularly the points raised regarding comments.
author | abh12345 |
---|---|
permlink | re-edje-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t065644474z |
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I find it Perfect every change that makes people think more what they are voting.
author | javirid |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t080351164z |
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This is might be good but since they will drain their SP early, it would also mean that they might not be able to vote other authors. This might end on the "vote-your-friends-only" atmosphere. Of course, they have the option to lessen the percentage of their vote to increase the no. of their votes but it will also lessen the rewards. Hope I'm wrong.
author | juvyjabian |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t060430807z |
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Indeed!
author | abh12345 |
---|---|
permlink | re-juvyjabian-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t061035463z |
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sounds like an advance to me. what does a minnow know?
author | len.george |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t060013146z |
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dragosroua | 0 | 43,961,160,104 | 100% | ||
raluca | 0 | 3,321,297,192 | 100% |
I don't think we will see less votes because of the way the voting power decreases. It means that if you only vote 10 times you will vote at full power and your voting power will not decrease. However if you vote more than this then your VP is reduced at 2% (I think) of the remaining balance so an ever decreasing vote influence. Just as people today dont limit themselves to 40 votes per day and instead often hover around the 40-60 % voting power I think it will be similar. Could be wrong tho :O)
author | meesterboom |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t061104666z |
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ausbitbank | 0 | 83,559,332,473 | 1% | ||
krystle | 0 | 822,637,455 | 1% | ||
dragosroua | 0 | 43,977,693,208 | 100% | ||
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> I don't think we will see less votes because of the way the voting power decreases. Just last week some early adopter Steemian was surprised when I explained the vote power decreases when casting more votes. That users was suddenly all surprised to see the votes where less worth in rewards to mine while I have a lower SP. Only the technical people who are interested to understand what all the algorithms are in Steemit, will now, and this is be far the minority of our community.
author | edje |
---|---|
permlink | re-meesterboom-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t064654714z |
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ausbitbank | 0 | 83,559,332,473 | 1% | ||
meesterboom | 0 | 15,269,818,093 | 15% | ||
krystle | 0 | 822,637,455 | 1% | ||
javirid | 0 | 748,683,941 | 100% | ||
ijoel | 0 | 1,424,445,602 | 100% |
As long as people are still aware of the basic principle that the more you cast the less they are worth. I have spoken to some people who get annoyed if they see someone voting with less than 100 percent. There will be a lot more of that going on at the fork I am sure
author | meesterboom |
---|---|
permlink | re-edje-re-meesterboom-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t070335853z |
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edje | 0 | 10,318,760,571 | 40% |
Thanks Dragos. How do I stay current on Steemit rules? Will be the changes reflected in the white paper or other "official" news?
author | vitkolesnik |
---|---|
permlink | re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t073949743z |
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Follow @steemitblog. They post on the new developments and are the official ones :)
author | javirid |
---|---|
permlink | re-vitkolesnik-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t080113303z |
category | steemit |
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
dragosroua | 0 | 43,979,686,935 | 100% | ||
raluca | 0 | 3,321,297,192 | 100% |
Thanks for the tip!
author | vitkolesnik |
---|---|
permlink | re-javirid-re-vitkolesnik-re-dragosroua-thoughts-on-the-voting-power-increase-hardfork-0-19-0-20170525t082457470z |
category | steemit |
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