When only the people holding lots of steem power make the upvote system works, there is no long term prospect for steemit. A fairer system will eventually replace it.
To stop the fall, the SySteem(witness + creator) should redistribuate wealth (not equally) such as it matter a little when a nobody like me upvote....
75% of the rewards goes to posters. Not exactly true because of liquitidy rewards ans witness reward but anyway your point is not exact either. Sorry.
Maybe but the poster need to have lots of steem powers and the subject should please the holder of steem power!
And What about newcomers??
More the steem value rise, Less the newcomer have the interest to buy in!
What this mean is the true value of steem should fall down!
No they don't. Post good original content and earn no matter how much SP you have.
look at number of comments and price...(not just the trending)
test it yourself....
proof is on steemit, I have no more to say!
The small SP holder also have some advantages. One of them is the fact that if you upvote them you know you'll have a bigger part of the 25% curation reward. Big SP holder can have very easily 10% of that curation reward for themselves, up to 99%.
Also when small SP holders are rewarded you know the distribution is more advantageous to you than if you only upvote those above you. So one must find the right balance. Sure the big SP holders are advantage but not to the extent that Steem doesn't make sense, on the contrary, you'll see Steem change the face of humanity for the very best and very fast for that matter.
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