In my last post I tried to show, why I want 'non-linear' rewards back.
It seems that this idea is not well received.
Most people argue, that their votes would be worth less then.
The amount of r_shares you can allocate towards a post depends on your Steem Power, your Voting Power and the Vote Weight.
Given all other factors are the same, an account with 2x as much Steem Power can allocate 2x as many r_shares.
I am arguing to change back how the rewards get distributed based on r_shares.
With n^2 it is true, that your vote will be only worth 1/4 of the rewards of an account with 2x as much Steem Power on a blank post.
But that is a very unlikely scenario.
The whole point of n^2 is to reward stacking of votes.
If you were to use your vote on a post with already a bunch of r_shares, then upvoting that post would allow you to allocate much more rewards than if another account with 2x as much Steem Power voted on a different post with no other votes to stack on to.
The real reason, why rewards were so 'unfair' before hf 18 is this:
A few accounts hold most of the Steem Power.
No change of the rewards distribution can change this imbalance overnight.
The trending page might look better to some now, but consider how many of those posting rewards go straight back to the whales, who sold their vote.
The Steem shares are distributed very disproportional right now.
In my view, this has been the main cause of problems and will be for quite some time.
There is just no way around it.
But we can not fix this problem by employing a broken rewards distribution algorithm.
I feel like most people prefer the change that came with hf 18, because their vote is worth more now, which you can see above is false unless you enjoy voting on comments and posts, that nobody else wants to reward. *
* abuse/self-vote
I will give you the benefit of the doubt and will assume that you are not a notorious self-voter, bid-botter or other sort of rewardpool-rapist and I will continue to blog about this issue in an explanatory manner, but I feel like most people understand it well enough, but just see their own rewards and just look at their own wallets and misunderstand these posts on purpose.
I hope to see you next time, when I post more about n^2.
