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RE: What is the Target Votes 5 per Day change, anyway?
Does this mean that single votes will be worth more? By that I mean... if a user's 100% vote is worth $0.10 now.. will it be worth $1.00 after the fork?
In a vacuum, yes, it's roughly like you are casting 10 votes in a row. But since the amount of rewards generated per day is the same, it will tend to be more dilluted so maybe it's back to a lower value.
In truth I'm not sure - it depends on how the voting patterns change and I'd need to run a simulation on it.
The way I see it is that is would give the ability of someone to scale their normal votes to 10% to achieve the same effect under the new rules, but be able to selectivley powervote at 100% on stuff they really like.
I know others have posited on the cognitive overhead of the new system and whether this functionality is worth the extra thinking required to use it effectively and also wonder at the effect of this change.
I've read most of the comments in the original announcement post and think there are a lot of misconceptions. It's nice to read a post where somebody tries to understand what's really going on, so thank you for this.
I think one really important point not being discussed is the question of "how many votes does an average user cast per day?". Let's face it: a lot of users, probably most, don't understand the workings of the platform on a deep level, and just go with "what's easiest". Nothing wrong with that. I would also hazard a guess that on a statistical level, way too many people are close to 100% of the voting power most of the time. If this change lowers that number (and I think it probably will), the balance of power between bots and normal users is automatically shifted towards humans, like most users probably would like it to be.
For the minority reading this and the original post, not much is changed really, as you can just have things as they were by using the slider. Having said that, it would be nice to have a default setting for the upvote power, as fiddling around with the slider is extra work...
Well, I tried to answer something like that.