Give me back my Steem Power
I understand that I should be in "I like to travel" and "I took pic of Eiffel tower and that is interesting because nobody done it before" phase (see the irony), but I need to ask about some things which are not clear to me, and I would like to hear what others think about it.
Most of you already know how things on Steemit are working...
You post something, people vote for your post, every vote have some value, and you get some Steem Dollars...
Value of your vote depends on few things...
There is Steem Power, and at first you could think that this is most important thing but it isn't.
More Steem Power should mean that your vote is more valuable, but again...
You can invest in Steem Power with Steem Dollars which you earn here on Steemit, and also you can invest with some outside currency.
You can calculate your vote value here
https://steemnow.com/upvotecalc.html
But, you see two more things there, Vote Power and Vote Weight. Those are things which I find unfairly and don't understand them quite well.
Vote Power is value of your vote in the moment. When you vote for some post, that percentage goes down. After approximately 10 voting, Vote power decrease by 10%.
That means that your vote will not be worth what you invested, and that it will go down by using it.
Vote power will recharge by 20% every day, but that's not the point.
This limitation looks unfairly to me. Here on Steemit there is sea of good posts which deserves someones full vote, but Steemit have a limit of 10 full votes per user daily.
If Steem Power value is always the same, and it doesn't matter if my Vote Power is 100% or 40% when I am buying Steem Power, how does it make sense that my Vote Power varies? Steemit shouldn't have same price for things that doesn't worth the same.
Imagine that your Internet provider charge you for using the Internet for an entire month, but you had Internet connection only 30 minutes per day...
Is there any sense to invest in Steem Power if you cannot fully use benefits of that investment?
And there is some Vote Weight, but after day of searching, I couldn't find exact meaning of it.
This is one explanation
"Voting Weight = how much Steem power you have. You get Steem power two ways. You can create posts of your own or curate other peoples posts (by upvoting and resteeming them) and get rewards or you can buy Steem and send it to your Steemit wallet and "Power Up" from Steem to Steem Power."
How the hell this explain anything?
It says that Steem Power and Voting Weight are same shit!
Anyhow, as I already ask, do you think that is worth to invest in something that we cannot use like we supposed to?
I know that somebody can say that this is to avoid wasting votes for bad content, but it is on me for what will I vote. It's my Steem Power and I want to use it as I want. In the end, there is some user reputation so there is a way to know behavior of all users on Steemit and to know if somebody doing something which is against community philosophy or whatever...
There is no need fot some additional litimations...
Also, I understand that those are rules and I can accept them or leave community, but everybody should know that communities like this exist because people are sick of bad and stupid rules in "real life" system.
If all alternatives to unfairly system become the same shit as that system, only with different rulers, then what is the point?
I hope that you understand what I want to say...
interesting
You have some point, but look at this way: Let's simplify this by having only one currency - Steem. Actual value of your account is some amount of steems. It's money, digital, but still money. Each hour, some new Steem is created by witnesses (I'm talking about currency, not blogs). 90% of this added value is distributed to current owners of steems. This is why your voting power increase with time. You have been given some money to spent. When you decide to vote, for example for me (yes, your voting is noticed and thank you very, very much - really appreciate it) you are actually adding value to my post. You are giving me tip for my effort. At the end of 7 day cycle I receive salary for my effort - 85% of value of my post. For your effort, you (and other voters) receive 15% of value of the post. By each vote, your power decrease and value of your vote is lowered. This is because you are spending your money. By this way, your investment in posts of other members is limited. That's simplified economy of Steem more or less.
Now - imagine that you can vote without any limits and that all your votes are equally heavy. That means that you can vote 10 or 100 or even 1000 times and each of your votes will be 1 Steem (for example). So, you can add value of 10, 100, 1000 Steems without any limitations. Pretty soon, to maintain that economy, we will run out of Steems and witnesses will need to create much more of them. More money in circulation means that value is lowered and we have hyperinflation... That's practically the end of this little experiment. We killed steem as currency, and all we are left with is another blogging platform without actual value, like Facebook for example :))
I know it is complicated, because it is. I know that instead of inflation of voting power we could have limit of 20 votes with equal power per day, but this inflation system actually works better. With constant inflation from one side and adding value from another side - we have constant effort by users to add some value to steem and as a result we have constant growth in steem value. Simple?!? Noooo... but it's working ;))
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