Good point. The price reaction depends on how the self-upvoters deal with their SP. Are they keeping it or are they throwing it on the market? I'd say it might be the latter.
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Good point. The price reaction depends on how the self-upvoters deal with their SP. Are they keeping it or are they throwing it on the market? I'd say it might be the latter.
If you counter the votes, then the SBD goes to someone else instead. Some portion of that will be used to power up, most will likely be sold for other cryptos and fiat. Some of it will have gone to people contributing value, and some will have gone to yet more self voters. At least if you vote yourself and use the money to power up or burn Steem, you can maximize the amount of speculator purchasing power (75%+ of the PP is coming from SBD speculators) is directed towards removing liquid Steem from the market.
We're still in a position where well over 90% of SP is held by less than 1% of accounts, so we don't yet know how that will work empirically. My hope is that it is distributed more fairly. Right now when a whale downvotes another whale, the Steem put back into the pool will mostly be distributed again by other whales.
You can see what accounts are getting the most rewards here. You can see who is primarily distributing the rewards, as well as lots of other interesting stuff here