Experiment with it! Run your VP down to 0%, and see how much your votes are worth. You will be giving out 0 BLURT per vote, and earning 0 BLURT as well. At 50% (like mk currently) you are giving up half your vote. At 90% you are throwing away 10% of your votes. You can read more about it in the Blurt FAQ. The alternative would mean that VP does not influence rewards, but you know that isn't true because when you give out several votes in a row, you notice each one is worth less than the one before it.
RE: The 20 biggest manual curators on Blurt
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The 20 biggest manual curators on Blurt
Well @drutter is right if he can truly keep his VP at 100% and just vote every 2 hours down to 98% but this is pretty hard to do especially if you find some good content and get carried away with voting. Also sleep may become a problem. Here is a little case I quickly put together.
Voter 2 keeping his vote to 100% would get 64 more blurt in a 24 hour period in this case study. It is up to the individual to decide if 64 blurt is worth it to that person for the sake of convenience. Also it would be interesting to see how this would play out in the real world where sleep and kids and other commitments actually come into play.
Thanks for participating in the discussion, and adding your own calculations! A couple things to note...
A loss of 11% (every day) in curation rewards is significant. Growth on Blurt is exponential, so any loss is compounded over time. 11% loss today, 11% tomorrow, and so on. That really slows growth/income. But for those who can't curate regularly, and have to run down from 100% to 80% once a day, they have no choice. I am not saying it's easy to curate carefully and maximize income (and rewards for people you curate). I'm just showing how it can be done. Everybody has to decide their own strategy, but at least I am showing them how things work, so they can decide with an understanding of the rules and math.
Also, here's something surprising I've discovered, doing some experiments with voting for an upcoming post.
A full vote doesn't reduce VP by 2% in absolute terms! So your calculations aren't quite accurate. I've never heard anyone (on Steem, Hive, or Blurt) who had observed this. What actually happens is a full vote reduces VP by 2% of the current VP. At 100% VP, it's 2%, going down to 98%. But the next full vote doesn't reduce it to 96%! Instead, it reduces it to 96.04%! Another (immediately afterward) brings it down to 94.12%.
This means that at about 50% VP, a full vote only reduces VP by 1%! Interesting, isn't it? And no matter what your VP is, it increases (heals) at 20% per day (1% every 72 minutes). So someone around 50% VP (like MK lately) could do 20 full votes every day, without a net loss of VP. Of course, at 50% VP, your votes are worth half as much, and each earns you half the curation rewards it otherwise would.
I have not fully confirmed all this, or how it impacts strategy (timing of curation), but I'm doing a lot of experimenting and calculations, so I will publish another post about it soon. It may explain why MK is noticing little or no loss of curation rewards at 55% VP relative to maintaining is up in the 90s. I think this is really interesting, and needs further investigation!
I fully agree with you on the extremes as you have pointed out. But from 100-80% this is going to be negligible. But as someone pointed out before on your post on vote timing for you this works well because you are able to vote every 2 hours or so. For someone with a fixed amount of time that they can vote, using their 24 hour allowance of votes means more earning than letting their VP sit at 100% unused. It also increases the amount that you are giving out to content creators. Everyone has their style and what they are able to do which makes it all that much more interesting.
with 1M BP you can't run to zero
I think BP is rebuilding like this
100% - 10 votes per 24h to rebuild
50 20
25 40
12.5 80
6.25 1 60
so there is no chance that one makes more than other one on curation, no matter what is your Voting Power when you are voting
See the table I did above. His method if done 100% correctly does have merit but I am not sure how it would play out in the real world.
Well I was talking about VP, not BP...
But I think I see what you mean, about being able to vote more times at lower VP. You're earning less per vote, but you can do more of them per day? I am keen to figure this out, and will post about it when I have something definitive.