Well, we probably really needed a percentage of HIVE price algorithm.
The 2¢ was highly supported, until the price of HIVE went up, and 2¢ became a lot easier, and then those upper level supporters screeched.
For the most part, i believe 2¢ is too high of a bar, but if you lower it too much, you get people just voting for themselves, and making too much computation for the servers.
Ted never wanted to answer me on how the long tail (they so proudly posted) was really cut much shorter than they pictured.
Yes that's true, people would probably self-vote. But besides it being frowned upon, their VP would diminish quickly and their rewards would be almost worthless. It would eventually not be worth the effort. They also would drain their resource credits, which would put a stop to any excessive drain for the servers. To get around it, they would have to buy HIVE and power up, and that's not a terrible thing.