Hi cryptoted, as far as I am aware by holding steem power you actually effectively diminish the power of a whale's vote albeit by very little.
However the more steemers power up the more voting power get's distributed.
By just holding steem, you actually give your voting power back to the whales whilst increasing inflation.
Just so you know 😄
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well I don't completely understand what you mean I have cancelled my plans to powerdown, for now at least, give it a few months... good luck thanks for the insight, i will think about it
as far as I am aware, the total amount of steem power is a bit unbalanced and will probably stay unbalanced. However the more people that power up the more the total amount of total steem power is shared amongst all users so effectively reducing the amount of share the Whales have.
Basically every new steemer that powers up pays for a piece of the pie.
Whales will always have more of the pie but it will be less overall, is what I mean.
right, I am not powering down after all, I am going to keep plugging away and gaining traction here on this platform and try and build my SP higher even. take care