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RE: Whales No Up-Voting Test
If the intention is to reduce the voting power of users with SP, then there is little incentive to hold SP and surely the whales will begin to power down further driving down the price.
In that scenario why not just hold your value as STEEM you get little benefit for holding SP? (I know you get a bit of the daily reward pool but not much else)
It is just an experiment. Obviously if anything long term is to be done, more would need to be done to address the 'fairness' and gaming aspects of it.