To maximize profits, people tend to vote always the same authors and spread is minimized

What? How do you get to this? With Leo's flat reward's algorithm, there is literally no differences if I vote early or late, always the same or always different authors. I always get my 50% back, which exclusively depends only from the size my stake? (unless one truly wants to get involved into circle-jerking)

Am I wrong in this? If so, would you be so kind to elaborate?

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