I have gotten practically zero support from big Whales, with most of my support coming from smaller accounts on Steemit. Because of this, my project has been slowed down tenfold; the amount of money it will cost pay for the Bloggers’ Hub alone requires a lot of support from big users, which has not been given by many. Anyway, my point is that with so many new users coming to Steemit, I would think that there should be multiple projects like @curie, @sndbox, and my project that get support from Whales, otherwise a lot of SP will go unused by Whales, or will be constantly distributed amongst the same groups of people.
Whales used to vote more. And everyone else's vote was worth hardly anything. The less whales that vote, the more the power to allocate rewards gets distributed. If only 1 person with 100SP voted on any day, they would have the power to allocate all rewards. That's just to illustrate how it works. When all the major whale accounts vote, they are distributing most of the rewards themselves and everyone else gets a lot less power. It's been proposed before that whales should not vote, and let the majority decide who gets rewards more.
Also, 70,000 SP is not a whale to me. You need at least 250,000, and better yet 500,000. The mega-whale users (1,000,000+) often have multiple accounts that they distribute their power to, hiding the power they have. That's just how I see whale power definitions. 70,000 is not a whale compared to the real whales...
Good points made in the post, I agree with most of it.
Thanks for the comment @krnel!
Are you sure that's how it works? If that was the case, vote worth for each user would fluctuate each day, would it not?
I agree with you there, I read in to it more after the post and saw how many people there are with 250K Plus! Thanks again, I appreciate your support. I gave you a follow and will check out your posts!
Yes, for SP voting and allocating from the reward pool, 100%. It's weighted by how many SP votes are used. If none of the majority holders of SP (less than 1% of users who have 250k+) used their SP, everyone else has greater influence and more allocation for posts each time they vote. Last year 45 accounts held most of the SP. I think it's a bit more dispersed now... but who knows who is a real person... since many of the rich just duped accounts and spread it around to appear less rich lol.