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RE: Steem Improvement Proposal: Revoting Power to counter Upvote Circles and Bid Bot Abuse

in #utopian-io7 years ago (edited)

Currently your voting consist of two components the weight, as a minnow this is always set to 100% unless you use the Steem API directly or have a weight slider (activated at about 500 SP), and your voting power. The voting power drains by 2% with each 100% weighted upvote and recovers by 20% in 24 hours.

<p dir="auto">How much your vote is finally worth in actual Steem Dollars depends on the strength (voting power * voting weight), your Vesting shares (aka Steem Power), and the current size of the reward pool. <p dir="auto">Basically, your vote vest is determined by <code>voting power * voting weight * vesting shares. The worth of your vote in SBD is determined by the ratio of your vests in comparison to all recent vote vests by other users. <p dir="auto"><span>Details are explained, here, for example: <a href="https://steemit.com/steem/@yabapmatt/how-to-calculate-the-value-of-a-vote" target="_blank" rel="nofollow noreferrer noopener" title="This link will take you away from hive.blog" class="external_link">https://steemit.com/steem/@yabapmatt/how-to-calculate-the-value-of-a-vote <p dir="auto">My proposal is to add another factor, the <strong>revoting power that drops your voting strength by half for each consecutive vote for the same author.