"....attrition in this platform is huge and if don't take care of them now all we will be left are the few whales and high SP dolphins and those they support. And of course the bidbots. Posts will be just graveyards of bot messages of upvotes..."
Exactly - but from what I can tell so far (I'm no expert), most whales, with a few exceptions, are just here to milk as much money as possible, and if the Steemit cow dies, they will move on to the next platform, rinse and repeat.
From my perspective as a plankton, raising the threshold to 1 SBD would discourage most people on this platform to the point of just leaving. The only way to really make it here would be to buy some STEEM and start using bots.
It seems ironic that Steemit, which touts itself as a 'crypto social media' platform, may end up as a place where you can only be successful if you have the 'hated' fiat money to invest for power.
I believe everyone should be able to make some money on money invested. However, if things keep going as they are, Steemit will have to be called what it really is - a place where people with money come to invest, manipulate power and bots, then suck the money back out into the real world.
To make matters worse, assuming all that 'dust' goes back into the payout pool, it wil end up going to the whales because they can always get past the payout threshhold. So the accumulated dust created by minnows goes not to the minnows but to the whales. Talk about adding insult to injury...
I'm technically semi - illiterate on all this in the mathematical sense, just my newbie impression.
One good thing that came out of this discussion was for people to be aware of the dust threshold and adjust their voting behaviour.
People would try to make sure that their comment upVote was more than 0.02.
Also one of the witnesses developed the @dustsweeper this service would go on and upvote comments that you have and make sure that they didn't turn to dust.
It is a sad thing that we realized that Steem is all about DPOS delegated proof of Stake and that your SP is determined by how much your are willing to invest.
Yes you can choose not to invest Fiat but in. Order to grow your account you have to invest a lot of time .
Thanks for the reply. I certainly got straightened out on upvoting, will be more careful now. Coincidentally, I joined @dustsweeper yesterday, it seems like a good start.
Yes, you are quite correct, to be successful here will take time and/or money, but I suppose that's true for everything. Cheers!