Minnows will sure be happy, but how about the guy who spent 250k worth of steem?
I guess it all depends on when he bought it. I bought in at 40c, and i sold most of what i bought at around 4.40. I keps 5K or so though that i eventually ended up powering up.
Since i could have had 20K or so for that 5k when i decided to keep, it i consider that to be what my current investment is (though its currently worth around 12k)
my vote counts for $.08
So someone who invested a quarter million... their vote would count for what? A buck? two? that guy isnt a whale.
these guys are whales... and no, most of them did not get that way by investing money... they have sweat equity. lots of it, apparently.
https://steemit.com/@berniesanders/transfers
https://steemit.com/@ned/transfers
So the problem isn't that limiting whales would take influence away from the 250,000 investor, its that it would give it to him. Make it so that putting enough money for a starter house into steemit gets you more than a fraction of a percent of the voting power of the whales....
Maybe it might give people a reason to actually buy steem and power up.
You're numbers are a little messed up. Someone who invested $250K when you did would have about perhaps half as much Steem Power as berniesanders (rough estimate because I don't know the amount of antidilution payments; it is 1/3 ignoring that altogether), far more than a fraction of a percent. Not the biggest whale, but still a whale.
My point was that i considered my "investment" when i powered up (at $4.40 or so) instead of sold my last 5K steem. That is to say i bought my steem when it was 40c, i bought the steem power when it was like $4.
But lets split the difference and talk current price. right now for the price of a starter house i could have a vote worth what? Two bucks? It looks like sean-king has about 100K and his vote is worth a buck something. Thats great if youre looking to maintain your control, but if youre looking for steem to actually sell, and for people to have some kind of incentive to power up then what youre offering is overpriced.