You are viewing a single comment's thread from:

RE: STEEM: Compounding Your Way To Big Results: Warren Buffet Would Be In Awe If He Understood!!!

in #steem7 years ago

You want the same voice as a whale, sorry to be blunt but you dont deserve it. Neither do I. We havent contributed to the platform the same way as they have.

I didn't say that. It doesn't has to be 1 account 1 voice. But a system where 0.1% of the accounts have 75% of the power is much more centralized than the real world - and Steem is supposed to be a decentralized system.

If we believe in our own philospohy, which is at it's core the believe that decentralization of power is good and benefits all, we have to build in mechanisms that lead to a better distribution of power.

The current system is a contridiction of our own principle.

Sort:  

The only thing I can tell you is that the system is changing it and moving in the direction faster than any other token I have seen. It is moving to a more decentralized system with each passing month.

For example, the biggest of Whales, steemit, is in the process of powering down 71M SP over a 13 week period. So, basically, this quarter, you are seeing a major shift in power. Steemit is doing this for other apps to use for marketing purposes like it did with D.tube. Hence you are going to see more whales created which changes your .1% number. At the same time, that SP that is sent out is going to be used to entice other users from other sites (like Instagram as an example) to come on here...hence those with big followings on those sites will be rewarded, creating more dolphins in the process.

This is the magical circle of STEEM that myself and a few others write about. It is impossible for one to keep the same position as a percentage as the VP power of others increases (along with more people). Dilution is already taking place.

Whales account for 65% of the MVests now...down from 72% a quarter ago...that is a significant drop in 90 days...I would not be surprised if they were under 60% by the end of March at the rate things are going.

We will see it. If you're right, I'll buy you a beer some time^^

But I am and remain - by nature - a scepticist.
I'd rather adress a problem I falsely see than not adress a real problem that I should have seen.