Regarding the 5 votes a day bullet point - From what I understand, it's how fast your voting power regenerates. Right now you could cast ~40 votes a day, and have your voting power go back to 100% after 24 hours (or close). Lowering the number down to 5 would make it so that your voting power only regenerates 5 votes worth of power each day, thus making it so it's harder to stay at 100% voting power.
The idea is that there's nothing wrong with being below 100% voting power - you can still vote, it just decreases in power the amount you vote each day.
I think it's an experimental change to try and combat some of the curation bots that push the limits of rewards. But I could be totally wrong here :)
There goes one of my 5... Was about to ask / guess this is what's going on. It seems a bit low to me however, I think a number around 20 might be more appropriate. Say you find 20 good posts to upvote a day (easy in my opinion) after a week or so, at this pace, you would find yourself with no power at all. Seems a bit limiting when it comes to rewarding users, however this does decrease the amount of Steem being created which has its benefits. IMHP
If you voted on 20 things, I'm assuming each one of those votes would still be above 85% voting power - which imho is pretty good still. You just wouldn't be able to do that day after day for weeks on end without penalty (like the bots do).
The first day would ofcourse be fine , but since it takes 5 days to recover that power, even when waiting a day that power would decrease quite quickly. I see how this would help with bot voting but also may be too limiting , i feel there is and will be more great content daily that would deserve a good upvote and not 10% of one , but hey let's give it a try I could be wrong.
I agree. Dropping to 5 from 40 seems extreme. It would be better to drop to 20 or 25 and test that level first.
I'm looking at the code, and this doesn't seem to be the case. Aparently the regeneration speed is the same, but more voting power is spent each vote. I'm working out the implications and will write about it soon.
Good to know, and thanks for looking into it!
Here's my analysis.
As far as I can tell, effectively what this does is have each vote weight 10x as much as previously did (and correspondly as much Voting Power)
And the payout that accompanies that vote. It sucks