RE: Ideas for Future Rule Changes - Voting, Earnings, Maximum Social Benefits - a Discussion Document

Interesting. I'll think about this. Also really interesting that it has an investigable use already in Karate.

My first thought is that it would be effective in reducing the reward on gaming. That largest account in particular will lose its voting power on this, which would be the highest SP sock puppet account, and wouldn't seem attractive to someone trying to maximize their take, they might just get back into curation.

Second thought is that people, especially minnows, will probably bemoan the loss of that largest vote. It may make the idea seem like more elitist meddling.

Okay last one, third thought is that I wonder what the psychological effect on whales will be when they come in to gift a post with a high powered vote which now has no effect. The UIs will need to be updated, but if a new vote is the highest vote the estimated payout would not change!

Okay last one, third thought is that I wonder what the psychological effect on whales will be when they come in to gift a post with a high powered vote which now has no effect. The UIs will need to be updated, but if a new vote is the highest vote the estimated payout would not change!

Assuming the post had 2 or more other voters, the estimated payout would still change, but the new value would be based on the value from the previous highest voter, so yeah - it would be a very different experience.

Maybe there's not really much of a point in removing the lowest value vote in this context. If you remove just the highest, it might work out to be something like a second-price auction. I don't know much about them, except that they're used for digital advertising by Google and others. However, according to this link:

The theoretical nicety of second price auctions, first pointed out by William Vickrey, is that bidding one's true value is a dominant strategy.