@timcliff, I really do not think that the discussion can go anywhere without clarity. The whales have absolutely NO RIGHT to be rewarded for driving the price of steem down to where it is. In any normal situation, they would ALL be fired and replaced. The investors I have sympathy with. The miners can all go and write their explanations to the rest of the community as to why they behaved as they did in ensuring this dive. There is nobody else to turn to other than themselves. You know I am right, everyone SHOULD know that I am right - it begs the question which everyone should be asking themselves - who benefits from the low price of steem, other than a stalker?
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Sorry, but this comment is not solution oriented. The proposal in this post is essentially trying to solve the issue you raise.
This is an interesting development! Unannounced policy change
It's people becoming whales that made the price of steem go up.
Based on that what's your point ? You think there is some magic distinction between a whale and an investor ?