RE: Shaved Whale Balls and MEGA CIRCLE JERKS- The economics of HF 19; a witness update.
As it stands now a single 100% vote uses only 0.5% of your remaining voting power ... .That means real users would need to vote 40 times a day at full power to use all of their voting power.
That is not accurate.
First, if you were losing 0.5% for each vote at full power, after 40 votes you would lose only 20%, not "all your voting power".
Second, after each vote at full power, you lose only 0.5% of your current voting power. So, after 40 votes at full power, your voting power is 99.5%40, that is 81.83%.
I am voting more than 40 times a day at full power and my voting power has never been less than 30%.
What is true is that if your voting power is 80%, after 24 hours of not voting at all you will get back a voting power of 100%.
After HF19, starting at 100% voting power, voting 10 times at full power, your voting power will be down to 81.71%.
Going from 80% to 100%, with no voting at all, will still take 24 hours.
That section is a direct quote from the steemitblog post. Take it up with them :)
@steemitblog is not God. They obviously made a mistake here.
It is obvious to me, and it should be obvious to you, that starting from 100%, losing 0.5% forty times cannot result in 0%, but at 80%.
I agree. @steemitblog didn't express themselves correctly. We know what they meant but what they meant isn't what they wrote.
you are correct. and only slightly modify the description and they can be right too.