You are viewing a single comment's thread from:

RE: Would Whales be open to a redistribution of wealth for the good of Steemit?

in #steemit8 years ago

I understand where your worry is coming from, but the statistics on this thing are not simple. You should take a look at this excellent post on dilution by @hisnameisollie (and also rebuttal to criticism on that). While I believe that the centralization of wealth is not insignificant, I also don't see it as a major threat to Steem.

Sort:  

thanks it is links like these I am looking for. As to is it a major threat I am going to copy and paste from another comment I made

Does steemit have the time to allow it to naturally distribute to a more sustainable distribution. What we have at the moment is putting some new users off. There will be other blockchain social media start ups coming through.