Hehe... So IF NO ONE voted on anything... we'd all be rewarded the value that is going to votes distributed evenly to people according to their steem power?
So you are saying that distribution of steem power that supposedly is sent out is diluted by votes. The votes redirect the potential steem power that everyone would get?
EXAMPLE: Find someone with say 20,000 or more steem power. Look at their wallet. Hit F5 or whatever you do to refresh your browser. You'll see their steem power increase between every refresh.
Are you saying that VOTING takes from that power that is being given and instead of giving it to people based upon their steem power it redirects to your vote?
I don't actually know what would happen if there were literally no votes for anything. But if that's the case, I'm guessing we have bigger things to worry about. :)
No, not quite. Here's how it works: Every 3 seconds, they print out a bunch of new Steem. 90% of that goes as SP to holders of SP as "interest" or "holding rewards" or what have you.
10% of the new SP goes to author and curation rewards. 10%. Not more, not less. This number does not depend on voting! All voting does is decides who gets the 10%.
If you vote for an article, you're saying "hey guys, this is a neat article. Let's take some of the rewards that are currently allocated to everybody else and give it to this article instead."
If you flag/downvote an article, you're saying "hey guys, let's take some of the rewards that are currently allocated to this article and give them to everybody else instead."