I would also like to chime in on this topic. As many people have already mentioned, I think changing from 40 target votes to 5 without changing regeneration is actually just going to end up hurting new content creators who do not yet have their foot in the door. I can see a situation where people conserve their votes only for "hot" or "trending" posts or for authors who are already popular. I can see a situation where people only vote 5 per day on popular authors in hopes of gaining large curation rewards. This may create a situation where people may not want to "chance" their vote or give their vote to lesser-known creators.
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I rarely look at hot or trending posts. Honestly, I'm kind of sick of seeing the same people all the time. While I do not like the significant drop of target votes, I'm not sure it will stop me from voting quality whenever I can find it. Hopefully there are more like-minded people who actually focus on PEOPLE rather than the bottom line all the time.
I agree, and I think that's unfortunate. It seems to me that the best way to spread the wealth, is to get as many into the upper tier as quickly as possible, this seems to have the exact opposite result.
This was exactly the effect when the opposite change was made a few months ago. With more votes per day and each vote being less critical people were more willing to spread votes around and give them to posts that had a good chance to go nowhere. With greater scarcity of votes that probably won't happen.