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RE: Announcing Steem 0.14.0 Release Candidate
But it's not just about curation rewards, it seems to me it will penalize those who count on Whale votes for payouts as well. unless I am not understanding this at all.
Won't this just encourage a sort of patronage system, where those with the power will continue to vote only for those that they already vote for, without exploring further?
Whales don't vote with 100% of their power typically, which will let them vote on more things. 50 votes @ 10% power is the same reduction in power as 5 votes @ 100% power.
I don't think we're going to see a drastic number in the amount of votes being cast, but we will likely see a large drop in votes that are worth 100% of the voters weight.