RE: BuzzSteem Ep. 21 - @bethwheatcraft [Bitcoin's Future, Witnesses and National Singing Day]
Ok, what happens when 10 accounts vote with a total weight of 1000sp, then a vote with 10,000sp comes along and votes, all the other votes have their worth diminished in order to accommodate the large voter.
I can't quote exact numbers but it works on a ratio.
If your vote, prior to the big vote, represented 10% of all the votes, and then a big vote comes along with 10x the sp weight, your vote is now worth 1%.
This is some of the fluctuation you see over the course of the 7 days.
When whales delegate their sp for cash then all other sp is diminished in the math.
So, yes, when big sp votes all small sp loses in proportion to how much they now represent of all sp voted.
If no accounts over 40k sp (80mv) vote, then the minnows matter much more in the math.
Thank you for that... that makes a lot more sense... and I didn't realise that was the case.
I know a lot of the whales did a lot of great work and deserve all the power they have now... and there are whales like rancho that just bought a heap of steem 11 months ago, fell asleep and decided to use it all now... but man I can't wait until the power is distributed a bit more evenly...