40 votes a day is the optimum, as your voting power fully recovers withing 24 hours then. It is possible to vote 200 times until the voting power is down to 0, it then requires 5 days to recover.
The proposed change is beneficial for those who vote less than 40 times. They can multiply the impact of their fewer votes then.
The issue about linear rewards is that it doesn't incentivize power concentration into single accounts. It would be possible to spread it over a lot of sockpuppets without losing influence.
It's to be figured out how serious that issue would be...
Power is already distributed over multiple accounts by various individuals, so the non linear curve didn't really support the idea of a single account per individual. If that is indeed the only reason for a non linear curve, we shall go immediately to linear. I find it very very strange accounts with high SP have super Powers over smaller accounts; That concentrates even more power at the top creating a power structure very similar to the real world, meaning: only a few have almost all power in their hands creating a very out of balance community.
There would be a lot of sockpuppet accounts created especially if the amount of rewards tied to a single vote was ever curtailed as I've seen it proposed. If some whales take it on themselves to downvote posts because they believed another whale rewarded it too much, then that too would lead to the creation of multiple sockpuppet accounts whose votes just followed the main account. So, maybe don't make the rewards curve entirely linear so as to keep in place the incentive to keep a single account. Honestly, I could live with just about any rewards structure as long as I knew what to expect and I could track how my influence was growing day to day. Is there any possibility that a column on how much of each (SD, Steem, SP) gets added to a post when the user upvotes it (on full strength) could be added to Steemwhales.com?
A way to discourage spreading stake is to make vesting rewards (slightly?) superlinear. It doesn't need to be done with the voting rules at all.
Good idea. I didn't even realize we still had that no that inflation is lower.
I like smooth's idea. And yeah, the "interest rate" was forgotten but it has been more visible now with the introduction of claiming rewards. It's easy to see the passive growth of SP by not claiming rewards for a day or two and seeing your balance increase by vesting interest alone.
Interesting idea. But I didn't get a easy way to implement this.
Maybe something like SBD interest where you have to touch the account to get credited with the extra VESTS?
BTW, it is Dan's idea. He suggested it as a future fix on the call when the reward curve was changed to remove the concentration incentive. Did not mean to take credit.
Yes, that's possible. Then the inflation calculation need to change a bit.
A side effect of this, is that people will be encouraged to group up and share bigger accounts, to earn more interest, like Dash Masternode crowdfunding. I don't think it's a very good thing.
Good point.