Should voting power increase, is that a good incentive, that Hive Power goes up, or should the voting system be tweaked to parallel with Resource Credits (RC) to allow people to vote more often as HP goes up as opposed to being given a heavier vote weight or power per vote?
I like the ability to vote with more power as my power goes up and I can also vote in percentage to spread out the vote. But I know the argument is too much power can be dangerous. Well, the voting system has been described to be like a reverse auction and yet others see upvoting as buying candy at a store.
So, imagine that you buy a candy bar for a dollar at a store but then I come in to steal that candy bar from you and go to pay $100 for that same bar. I'm not sure if this analogy best describes the situation or not.
I'm not against the pursuit towards becoming digital gods as you put it. But at the same time, I'm also not against tweaking the voting system in an attempt to keep smaller accounts from becoming slaves or too small or too disconnected from the opportunity of a free market.
I am not either. I am against the system being designed so no one else can ever reach the same level of them. You can become as powerful momentarily if you spend a lot of money and purchase hive to power up. Yet purchasing that massive amount of hive will also increase the wealth of current hive holders so in theory they can simply acquire more as well and thus maintain their status as the unquestionable God.
If I came a long and wrote or came up with something truly revolutionary here. I might get up voted nicely for it and get a little power. Yet it would not be a path way to equality. The process of up voting my creation would have rewarded a sizeable chunk to the people that up voted as curation rewards.
Thus, I could never achieve a level of equality with them purely through hard work creating content here. It is not possible.
I started Steemit in 2017 with no money. I don't know how much money is a lot of money but my HP is close to 1,000 HP now. I've sent some of my Hive to Bitcoin. I currently have around $1,000 USD worth of Bitcoin BTC. It appears my accounts on Bittrex and Poloniex were suspended and I had something like twice that in Bitcoin.
But I know these are small numbers compared to whales who may have 100,000 HP or 1,000,000 HP.
Is it possible that I could someday turn my almost 1,000 HP into 100,000 HP? I don't know but that won't stop me from trying and I find that to be worth the adventure.
You could turn it instantly into 100,000 HP if you were willing to convert enough crypto to hive and then power it up but that costs money.
It is possible you could get that posting, voting, etc. It is just a matter how long it will take.
Also the whales will also have grown at likely a faster rate during that time so 100,000 HP may no longer be as powerful as you might hope.
It is hard to say. There is no way to catch up to the most powerful whales without spending money to do so.
In other words, will inflation affect Hive someday or will things be able to adjust, adapt? But I am not interested in catching up with the most powerful whales. Instead, I believe in cultivating what I do have in life instead.
Yeah it was not so much whether you or I want to catch up. It is simply by the nature that you CANNOT even if you wanted to that makes them kind of like FOREVER royalty.
It is kind of a digital feudalism. If the Lords/Ladies are benevolent things are good. If they get angry and are malevolent then it could be bad and there is not much anyone beneath them in power can do about it.
I disagree with you if you are saying people should be equal financially or with the amount of power they may have, I love the free market and I seek after tons of money, power, influence. However, I do encourage people away from monogenerational wealth, lust, manipulative-power, micromanaged-stress, and debt, and towards an acceleration and momentum commitment at long-term multigenerational family respect, reputation, integrity, honor, position, earned-leadership, land, trade, business, natural resources, value, worth, progress, history, heritage, tradition, culture, charm and perpetual whale-like inheritance.
There is ONE way for you to catch up (momentarily). If you purchase a ton of HIVE and power up you can catch up. Yet in the process of purchasing that much hive you will have caused the value of hive to skyrocket so they likely will benefit immensely and can likely power up more themselves to maintain that lead thanks to your efforts. (Everyone that has hive could potentially benefit from that purchase until things level out... how many people might suddenly choose to sell because hive is worth so much?)
If they don't power up to get ahead again then you can be on equal (or even exceed them).
Where are all the people who bought Bitcoin when it was only worth a penny?
Heh... I first saw it when it was worth less than a penny. I thought it was cool. Yet I was supporting my family of 6 on $35K/year at the time. We'd have pizza about once a month or something like that because that was all we could afford.
When I saw bitcoin it was try to spend the $20 on that and skip Pizza, or get the pizza.
I thought it was highly likely the feds would crush it.
I bought the Pizza.
I'd have had like $16 million or so at the height of bitcoin if I'd bought the bitcoin.
I think a lot of them likely sold it when it hit $1, or $100. Few of them likely expected it to keep going, and going. There are a few such people but they are not that large in number.
They are so rich due to bitcoin now and so focused on bitcoin I'd see no reason for them to remotely come here. Not even worth their time.