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RE: TimCliff Witness Update 2017-04-17
What are your thoughts on some of the proposals in HF 19?
Am I right that one of the proposals is that you could magnify your vote 400% or more? That seems intriguing.
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.
Right - seems like the linear curve would smooth out some of the potential abuses with upping the max vote weight.
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.
Thanks for the link Tim. Look like that will provide some insight!