Our vote is now far more powerful...

in steemit •  7 years ago 

It therefore begs the question... What to do with it?

img source

A good bit of advice is to learn how to use power responsibly first

Those of us that have been around here a while have made our mistakes and learned through trial and much error what many new users are just discovering.

Voting power is a finite resource and must be used wisely.

In July last year when my vote was suddenly worth a couple of $ after being just worth 0.00 the first thing I did was spam votes everywhere... back than that wasn't so irresponsible because we had 40 max votes a day.

Now its different, we only have 10 max votes per day.

There are a lot of places you can see your vote power.

They can be found by dropping down the hamburger menu.

and checking out the steemit app center.

or just go too http://steemtools.com/

There are many many steemit apps to explore.

The ones I use the most are (swop the @yourusername with your steemit user name):

https://steemd.com/@yourusername

https://steemdb.com/@yourusername

That's the precise way to manage your voting power, by watching it decline as you vote.

Or you could just have fun and enjoy voting without too much thought and when you see it isn't giving that much by way of rewards, take a break for a couple of hours.

There are a few do's and don'ts

These are not written into the software but its common etiquette.

We can just vote for what we like... when we like... and that is fine too... that's one strategy and one of the least complicated.

vote for your own posts, that cool.
vote for your friends and people you follow, that's cool.
vote for strangers and new users, that's cool.
vote for content you like, that's cool.
vote for comments, that's cool.
vote up your comments, a little, to give them visibility, that's cool.
vote only for your own comments, that's not cool

Steemit will work best when everybody is spreading the love around and not just voting for themselves.

Make friends, have fun and if you want more influence and a more powerful vote... buy steem and power up.

At the moment, at these prices, it looks like around 1000 steem power gives out roughly $1 when your voting power is fully charged.

Since its now linear, if you want to hand out $10 a shot that would take around 10 000 SP

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A couple of things to be noticed: 1) you can vote way more than 10 times a day, you just need to lower your voting slide, 2) upvote new authors, the old ones are doing pretty well without you...

I am feelin like whale lol, my 1c vote is now 1$ :)

Yes! that is cool!, upvote wisely, but upvote!, don't stop doing it...

I gave you 9% vote haha

As one of the newbies. THX for those kind of words :)

Exactly, amen to that

lol

Pretty much.

You can only do this in the web-client if you have over 500 SP though. To do it if you are under 500 you need to use a different client, such as the eSteem app for mobile.

Yes... Well, actualle the sSteem for android does not have the voting slide either...

It does, under Settings, near the bottom of the screen.

i like point numero 2 , ;)

Great post. Thank you for sharing your insight. My voting power is like 45%, but i am minnow, so i just have fun.

that's what its all about

the main problem with the limitation of max vote power is that steemers vote because of the future curation reward they will get, and then don't vote for other posts that might actually deserve, therefor leaving that post with very few votes.

  ·  7 years ago (edited)

Curation has now changed significantly, It's now more beneficial to vote on things that haven't been voted on much, especially if you are a smaller voter.

Yes, if I got it correctly, Steemians are now encouraged to discover new talents and curate their content.

i'm happy to hear that, it can really improve steemit.

People is misunderstanding this: THERE IS NO LIMIT OF MAX VOTES, the limit of max votes with FULL power, that's different... People should vote as much as they like, there is no f limit...

I don't think this is a serious issue to last forever.

Yes, exactly. But i think there is a way to solve this issue

What's your idea? Honest question.

i don't know now but i'm sure a way would be found

Power comes with responsibility. From today on, I'm already not publishing anything without at least few hours of research and serious work. Because I think F19 came to encourage us pay a bit more attention on what we are publishing.

Of course, a lot of Minnows will keep looking for themselves through publishing content and they should be also supported for their grinding.

I have definitely had to adjust my voting accordingly. For now I have stopped voting on comments on my posts so I can save them for quality posts. Once I am able to get the slider though I will be back to spreading votes around to those that comment on my posts, one of my favorite ways to give back to my readers. Hopefully it will only be a couple more days until I am at that point.

Even though I knew the VP would drop much faster yesterday after the change, I was still surprised how fast it dropped. Don't think I have been this low since my first day here.

that sounds like a great strategy

I have no idea what a whale vote is worth now 🐳.
If 0.40c is up to 4.50 this should be something breath taking to see.. Hopefully i have the chance to find out.. But honestly pump up thar sp cuz stuff is getting crazy..
Cheers and much love friend :)❤︎
-Goldie

this 1% will give you an indication, and I'm not a whale

Oh god.....

Yup. HF19 yesterday was a party but only time will tell how will it actually affect the community. The thing is that with the rise of the active authors and the rise of reward pool we might see more quality authors on trending and hot sections.

Thanks for your sharing! Yes, before the hard fork 19, I know that my vote will be 4 times more important, but only yesterday when it roll out, I really feel the difference. Yes, right now we have to be more serious about every vote we are going to give as you only have 10. And you really need to make sure the post worth!

Great analysis @gavvet
Lots of info people. Read it well. Thank you my friend @gavvet

  ·  7 years ago (edited)

Great, I have 2.5k Sp, and at 40% power gives 1.25$, guess I have got power, but I am using my vote power too much, does it affect us if it goes down to zero??

If it goes down to 0% your votes won't be worth anything anymore.

I am planning to try it atleast once.....we should try everything in life you know.

No not everything. Not drugs and shit like that..

But you can try this 😂 but let me tell you it will take you 5 days to reach 100% again.

I have got time.

Cool.

Yo what's wrong with drugs

Plenty

Well then I suggest you leave suicide till last :)

Will surely do after 80 years.

yup it will decrease as your vote power decreases

this is a very clear and helpful post, @gavvet - I like your reasonable and sane approach, particularly your comments on steemit etiquette and the need to curate and encourage others and not just selfishly vote for yourself. I saw these fine qualities in you on other posts and that's why I decided to follow you a while ago. Keep up the good work!

It would be better to fork to not allow votes on own comments because its too temping to vote for your own comment. Why not generate a few bucks for yourself when you can and when you invested so much money in STEEM POWER ? It's human nature, wouldn't you generate free cash if you could and if it was legal ? Of course you would and everyone would. Remove self up votes for comments and the problem is solved.

A voting slider can save you from the agony of 10 votes a day. However it is only available to users having 1 million vests or above which as per current rate is roughly equal to 500SP. But you can still have the slider by using apps like esteem and busy.org. Make your vote count..

Vote for my latest post and change an Indian girls life! (That's cool! :P )

Thanks for this! I'm excited about having more voting power, but I'm trying to be careful and not overuse my power

With great power comes great upvotes!

With great upvotes decreases the great power.

So use wisely, live well :)

Thanks For sharing the Post . You really have positive thinking for Steem and You are the builder of future. Long live the steem . Stay safe. Let Steem nourish very well.. Liked the post very much..

thank you for this awesome summary :) I still try to vote for all the good content and comments that I find, but mostly with a little percentage so that I can vote more and more people profit from my voting (not much, but at least a little bit...).

yup, spread it around

will do so :)

Things are getting fun around here!

That's for sure, this new power is amazing and taking some time to figure out.

  ·  7 years ago (edited)

OMG my vote just gave you 50$ i didn't notice that lol. visit my articles please :)

https://steemit.com/life/@eltooni/education-system-is-stuck-in-the-past-globally

how do you know that and can you use it at mine account

At the moment, at these prices, it looks like around 1000 steem power gives out roughly $1 when your voting power is fully charged.

It really looks like you said. It was convenient to count on this post.

Only 25 voyes and almost 2000$. Two top voters:

@hendrikdegrote with 1.5 millions SP and @systema with 300k SP

wow that is insane. That means there will be single Posts reaching 10k, 15k $ or more in the future

yup, that's what I have been seeing, and its scales all the way up and down, no more mystery with the linear curve

Nice Thank you And very clear. Now i learned something today

  ·  7 years ago (edited)


Thanks for the info my dear. As i am new here i was unaware and just spam voting everywhere in order to get curator reward.

I'm still having trouble giving away 5-6% votes. As the saying​ goes, with great (steem) power comes great responsibility​.

Nice post with valuable info!!

the 10 votes at max power per day thing is really important and I think a lot of people haven't noticed it or notice too late after burning themselves out. I think the problem with it is minnows generally don't have access to the vote strength slider unless they use chainbb, so while higher level people can adjust to the change and start using 25% votes to spread out more anyone below 500SP needs to be very careful what they curate. I also hope people will look past the idea of using those 10 votes on themselves and use them for curation and rewarding others instead.. if you must be selfish just think maybe upvoting your own comment with 100% strength could prevent others from upvoting it.

Agree to the etiquette in voting - love posts like these to get everybody on the same page ;)

Rock on Steemit!

It's interesting to see how the new voting value, combined with bots that follow whales or other users will affect the platform. Right now, there are people (followed by others) that can give you hundreds of dollars with their vote

Its also a factor of the price on the markets, as steem prices rise so does the power of each voter...If the price on the markets doubles, everybody's vote value will double

Yes. I'm happy that STEEM is valued pretty much the same as before the fork. This was a concern, people dumping.

The hard fork was interesting. I suddenly found my voting power at 40% which is a record low for me! Interesting to see how this will impact voting and subsequently posting!

Thanks for the advice. As someone very new to the platform, this puts a lot into perspective, and while, due to my minnow status has little bearing me personally, due having less heroic power than supermans cat, it explains a lot about the general voting behaviour on the platform.

Thanks! I didn't know how it worked so was spreading that vote powah of 0.02 everywhere and then I noticed it went down to 0.01 and I got confused lol! I get it now! 8dfc6716a357022a5563c5bf0e7363d7.jpg

great

Man, your words exactly!!!

"With great power comes great responsibility" - Yes, it's nice that I can give comments a nice bump now without eating up all my vote power. I spoil my comments and vote nearly every comment and generally only vote mine that have received others votes.

"1000 Steem Power hands out $1 payout"

Can't get simpler than this. !

Thank you for letting us know this very important metric.

Its just a rough guide and will fluctuate with prices, but that is pretty much what it is right now.

Why you get these downvotes @gavvet ?

People love me ;)

hahaha :-) okay.

  ·  7 years ago (edited)

Thank you for the advice. One often wonders what's cool what's not. I will follow it. (I follow you since the begining) :))

yup, the unwritten rules ;)

roger that! :)

Another thing not to to do...using voting bots to auto-up-vote posts without reading them!

:) needed thank link, thank you... steeeem on bro

glad to be of service, us old timers sometimes forget the newer people don't know about all the cool stuff.

haha yeahh any time you have leads to some cool info let me knowwwww!

thank you!!!

thanks for this excellent info @gavvet
i now can check my voting power and understand better how to manage it
upvoted

great

Thanks for that.. I've bookmarked a few pages

This is my second week in steemit . The new hardfork definitely made it better for the "newbies" .

I agree with you brother @gavvet really these wonderful tips
You are the most person who helped me through the vote
Thank you my friend and brother @gavvet
شكرا اخى

I think the rewards for couple of days/weeks will be really unstable. People will need some time to -as you said - get to know how to be responsible with it. We will have to wait a bit to gather some informative data about that. Until then, and even after then, we have to rely on our conscience.

There is a lot of great content here nowadays that frankly a maximum of 10 votes seems rather few. Either way, it is a good indicator that Steemit is evolving.

there are a lot more people voting... so it becomes a delegate task

I think this update is awesome, mostly because this way we'll avoid having not so good content on the "hot" section of the website.

Since people will now be more careful with their votes, they will upvote the things they like most, or the things that are really good, which means we'll get to see higher quality articles more often.

Plus, this helps really good authors on this website get something for their work, and they may get motivated to work more.

This update is awesome, at least that's my personal opinion, and it promotes high quality content for higher rewards :)

Thanks for this post, it makes clear many things.

great

Hello my brother . Thsnks to you for helping us . Pls support me and vote to me on page .

We are same family

Thanks

Thank you! Very interesting!

And let's not forget to use a bit more the slider from now on, to modulate the reward payout from 1% to 100%

Thanks for the reminder, I'm also still getting the hang of this

very true, but most people don't realize it and end up diminishing theirs. but they still vote :D this seems like an entirely new version of steemit, a better one maybe!?

thank you for sharing....i did not know this....how long does it take to recharge once you go down...?

thank you for good posting.

Nice article. Indeed it is bit strange that one can upvote own comments. Upvoted this article

I am doing this so I hope my vote will also be worth something soon


Perfecth

If you use the Esteem app you can control the percentage of power your upvote has at any one time. I want to know if there is any controls like that on Steemit that is available without using an app. My son said you have to have a certain size account before you can do that. I would like to know. Seems if you want to still vote 40x a day you have to be able to throttle down your upvote to 25 percent. I'm looking for where you can do that on here without the app?

past a certain size you get a slider

Thank you @gavvet . What size would that be and how do I control the power until then?

not sure, perhaps the other user interfaces

Thank you for sharing your experience with using voting power, and where we can view it for better managing it. This is something I am struggling a bit with since I was used to having 40 a day.

At the moment, at these prices, it looks like around 1000 steem power gives out roughly $1 when your voting power is fully charged. - thanks for figuring it out.

it will change as prices fluctuate but its about valid now

Thank you for your information I vote you plz you interested in nature and tourism visit my page to support me thanks again

I used to vote for everyone before and that killed my voting power.
Thanks for the tips!

I noticed that this post has $400 after just 2 minutes. I've just written a post about upvoting your own posts. Do you think it's good for Steemit to upvote your own post particularly if your a large Steem power holder?

That is one of the incentives to be a large Steem power holder... your stuff gets seen, there aren't many other uses for lots of steem power other than influence and a bit of curation.

There must be some incentives for ROI otherwise big accounts would just completely powerdown and potentially dump on the market and the price. That would ruin it for everybody since all rewards are dependent on the market cap.

The more value there is in accumulating steem power the better it is for everyone.

  ·  7 years ago (edited)

But you will still get rewards based on other users upvotes. A growing user base and a fair system that encourages quality content will influence the steem price in the long run. I think self voting is a glaring weakness of Steemit. You can just pay yourself $400 for nothing of you want. I'm not crticising you personally, it's the way the Reward Structure is set up that I have an issue with. I've enjoyed reading some of your articles.

I have a special friend that removes the value of my own vote... so you don't need to worry about that... see he has already paid a visit... If I didn't vote this in advance it would never be seen.

thank you i'm really excited about this

Super interesting. I didn't realize my voting power changed so often. This article made me realize I should probably be a little more discerning when choosing to upvote. Nice post.

Awesome to hear your perspective and experience. I'm new here and it's been awesome to feel supported with advice and feedback from the community. Thanks again for sharing!

Nice info, great perspective! Thank you for the post!

Your posts are really cool, can I please ask you for a huge favour to resteem my last introduceyourself post, I'm trying to get up to 50 followers, will do anything back to help you!!!

yo le boto a lo que me llama la atencion porque no tengo conocidos soy nuevo y nada de seguidores :(..

Thanks for the helpful information. I just checked my stats on steemd.

I don't have that problem but I tend to vote with 10-20% so I can get a few more posts.

How would you suggest voting on replies to one of your posts?

Because it can seriously drain your voting power real fast, just to vote you acknowledge those who commented.

Also, you can tell which order the comments get upvoted, because the reward is a little less each time.

Suggestions please.

Use the slider once you get it

Great bolg. And hope from all friends here to vote for us .

We are one family here.

Thanks for you dear .

Plz suporrt me

Thanks

Such an improvement in Steemit. If you believe in superstitions and want to know more about it please do follow my series and give it a thumbs up. Here's the link;
https://steemit.com/superstition/@archerized/most-common-superstitions-walking-under-a-ladder-the-truth-and-logics-part-ii

Nice topic

Can give me vote

We are from same place

Thanks

I have heard a lot of debate and different points of view on voting your own posts, may I ask what are you arguments for being in favor of it?

Thanks for sharing, I agree that now it's important to think about your voting power and how you prefer to use it.

depends how big your stake is... I could give myself ten $500 votes a day... good for me bad for everyone else.

Awesome writing. I like the sentence "vote only for your own comments, that's not cool" haha. yea it is really true. people only vote their own comment not other comment :) upvote and already followed

hey..!! awesome post..
thank you so much for sharing..
m learning so much from your post..!
upvoted and followed..!
m new to steem it, do visit my account if possible :)
have a great day..!

Hey @gavvet. Thanks for our article. It is one of those which helped me to develop the idea to create a bot Tree planter. I would really appreciate your advice ideas or support. Thank you so much.
Water for Cameroon - Tree Planter Voting Bot; plant trees and get paid for it!

Additional useful vote strength. Hopefully can be used to help each other minow

Thank-you for your well written and informative post. Your detailed information has helped me understand the value of the vote and how to decide what to vote for. The initial day after the change really gave me a heads up when all of a sudden, my voting power went way down. I will take your information and inform others because it will help us make better decisions. Again, thank-you very much for your wise words!

Since its now linear, if you want to hand out $10 a shot that would take around 10 000 SP

So, a 100% vote from @ned would basically be worth $4800.. That's insane!

yup, that says it all

I seriously knew this already, as I've been well aware of HF19 and what would happen... But I never really put it into perspective like that.. Thank you for sharing this article!

Where are u dear

Can support me plz

  ·  7 years ago (edited)

Great to learn abou that. I had no clue how it really works. The tools are helpful to track what you got left.

When you don't use the Steempower and it reaches 100% you are basically wasting potential payouts, right?


You are being followed by a coin puppet!

Please follow it back ;)

It will be really interesting to see how this plays out and people are going to need to be more responsible with their votes.

hmm so if you upvoted every one of my posts this week how fast could we grow my SP ;)

Great

( My dear please vote on my page for your vote great honor )

very good. I love reading this post. I want to be eager to grow with all of you

Thank you for the great post!

Question

"vote up your comments, a little, to give them visibility, that's cool."
Let's suppose I upvote 10 times a day, how many upvotes can we give to our own comments out of these 10 so that they don't look spammy?
Thanks..

vote for your own posts, that cool.

Is it still cool if someone writes 10 minimalistic posts per day and receives for each of them nearly 50 dollar due to the fourfold vote weight since HF 19? You may check this out:
https://steemit.com/@sandrino

perhaps not...

Wow this massive powervotes - resteeming!
I'm glad to witness this 👍

Congratulations @gavvet
You took 31 place in my Top 100 of posts

HolySmoke! that was informative advice... Following ..

Every day I learned a lot for myself.
Thanks for the post, I became a little clear about the vote.
I'll continue to study!