With the implementation of Steem 0.14.0 whales will have a lot of their voting power chopped off, making YOUR votes more relevant.
There have been several complaints about the inequality of the current voting system. Good posts are not receiving rewards even if they get a lot votes. Most Steem Power is concentrated on very few whales and if they miss your post you are probably not going to get much.
However, it seems and
have heard your voices and the new 0.14.0 release will greatly improve “normal” users experience:
We are changing the target number of votes per day from 40 to 5 so that more people keep their voting power below 100%. The purpose of this change is to rebalance power toward normal users and away from bots. You can still vote as often as you like, this change merely impacts the speed at which voting power is consumed.
To understand what this means let’s remember how the voting reward system works: there are 27,000 steem distributed daily according to the voting weight received by each post. So by reducing voting power, whale's influence on rewards will greatly diminish.
After the fork, highly voted posts should receive better rewards but extremely high payouts could become rarer, making steemit's rewards more balanced. We may not see a lot of 5k posts anymore but instead we will have lots of $300 posts.
I am personally pleased to see that Steemit Inc is listening to its users and making changes to improve their experience.
This definitely calls for a happy dance!
NOTE: The voting power will be reduced for ALL users, not only whales. However, whale´s impact on the total porcentage of the voting distribution will be less than what it is now. Everytime a whale votes on something is redistributing future payouts, taking a porcentage away from all posters and giving it to the person he voted for, after the fork whales will only be able to do this 4 times with full power (now they can do it 40).