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If you are asking a whale to choose between powering down for $20,000 a week, and staying powered up to earn $3000 a week, they'll choose the former.

So there won't be a let up on the selling pressure on steem (and the whole idea behind the proposal was that it would stop them selling - but it won't).

Some are voting to make money while others are not. If you have a lot of SP, then you make money voting anyway. But much of my voting has been upclicking Project Curie's chosen posts and following AFTER whale votes to add a few more dollars for those deserving posters. One can use votes to make money or to help allocate it to others.