My first thought is that some unhappy people (and possibly some whales) will power down and leave - but of course fewer whales means that everyone else's vote gets more powerful. That might be a very good thing long term, especially if a shoal of dolphins could then deliver good rewards.
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When whales are in the game but they don't vote our vote gets more powerful.... But not if they are not in the game because that would mean the price would be down.