I think it's possible, for better or worse, that Steemit ends up being a network for the elite.
The onboarding methods and the cost associated for new accounts kind of lead me to think that.
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I think it's possible, for better or worse, that Steemit ends up being a network for the elite.
The onboarding methods and the cost associated for new accounts kind of lead me to think that.
We will end up disrupted by a network for the non-elite, in that case.
I would also say that the financial elite typically have less time to be posting to a social network, and thus a higher vote-power consumption favours them. The people favoured by low vote power consumption are those with loads of free time or bots (which are neither the masses nor the elite).