Correct. It’s important to note the “strength” of your vote will adjust dynamically after you’ve voted, so even if it’s worth .02 when you cast it, if the post goes on to earn 20+ Steem, thereby moving up the reward curve, your contribution amount will grow.

I preferred linearity, and yes, this system does make it much more difficult to give out small “micro rewards” in comments and one on one interactions. It’s meant to enforce “consensus” of many people liking content. I think it has a chance to work at scale... if we get to a point of millions of active users, but in the short term, especially when combined with 50/50 curation, it may slow the broader distribution of Steem and growth of a “middle class.”