The steemit account seems to primarily be supplying the steem account with funds for new user account creations, and is also sending STEEM to @blocktrades (presumably in exchange for the BTC they collect) to support the on-site Powering Up and STEEM purchases.
Same, this implies quite a bit about the wealth distribution argument. This is a 100% power-down, no votes, meaning no redistribution.
There could be a valid reason as to why this is being done. But why the primary stakeholder will have zero stake in less than two years. IMHO this does not imply a long-term vested interest, and unfortunately brings merit to the "P" argument.
Looking forward to some kind of discussion about this.
The way I understand it, for every unit of wealth generated as rewards (author, curation, witness, etc), 9 units are generated and distributed to SP holders (mostly whales).
So it seems like whales powering down and giving away (hah) or selling their tokens is pretty much the only way to make a difference in wealth distribution. But I have a feeling the noble goal of redistribution is not the reason they're powering down...:)
The steemit account seems to primarily be supplying the steem account with funds for new user account creations, and is also sending STEEM to @blocktrades (presumably in exchange for the BTC they collect) to support the on-site Powering Up and STEEM purchases.
Thank you!
Speechless! Oh and as an aside, I found out that @ben has only posted once ever, and it's on here haha. https://steemit.com/@ben/posts
Same, this implies quite a bit about the wealth distribution argument. This is a 100% power-down, no votes, meaning no redistribution.
There could be a valid reason as to why this is being done. But why the primary stakeholder will have zero stake in less than two years. IMHO this does not imply a long-term vested interest, and unfortunately brings merit to the "P" argument.
Looking forward to some kind of discussion about this.
The way I understand it, for every unit of wealth generated as rewards (author, curation, witness, etc), 9 units are generated and distributed to SP holders (mostly whales).
So it seems like whales powering down and giving away (hah) or selling their tokens is pretty much the only way to make a difference in wealth distribution. But I have a feeling the noble goal of redistribution is not the reason they're powering down...:)
Yes, this is one discussion that needs to be had!
Ben is a Steemit employee I believe, and they have some kind of arrangement with Steemit funded accounts from way before STEEM tokens were traded.