Joining steemit I've become very skeptical on how I could earn some money on this platform . Due to the 1% of whales who own nearly 90% of the whole steemit. Making it very unbalanced.
Something fishy is going on!
Having a look at SteemWhales.com its very unevenly distributed.
2-10% of Steemians own 9.2% Of steemit
11-100% Of steemians own only 0.86% of steemit. I really don't see how anyone can earn anymore with these numbers.
For example I post this post, no whale upvotes it it will surely go down the sewer. Something like this should be avoided. This is how it works in real life too , why does 1% of the richest people in the world own over 90% Of the world's economy ? ( Rotchschilds )
Vast sea, hard to get noticed
Getting noticed in steemit with a new post is like trying to find the needle in a haystack, very difficult to and It will take a long time for that. Now that Steemit has changed their Payout time to 12 hours its even harder to get noticed by the big whales or dolphins that may be around at that time.
You can only keep on writing high quality content in hope for a whale or few dolphins to find you and boost your post into the trending of steemit. At that point you have found the needle. I have seen a lot of quality content here that is getting unoticed really fast and nothing will ever boost them up again, unless a whale is going through their history and finds the post which he forgot to upvote.
Top 25 Steemians with most Steem Power
This is a list with the top 25 Steemians which have the most steem power. Everyone wants to get upvoted by one of these big whales, but what are the chances of that happening ? Quiet hard due to some of them not being online at that moment or even worse not even reading your post. One or two upvotes from them can really boost your post into the top trending of steemit, and get noticed by everyone for the high quality content you have created.
#steemstats #success
~TonyMontana
In an early part of a companies life span it is normal to be as unbalanced as this. But I agree it is hard to see a meh post get to high $xxx because it caught one whale's eye.
I still believe to get $x,xxx while you need luck, you also need quality.
If Steemit gets big these whales will begin to divest and that will spread the wealth a lot more, but in the mean time you still need to get lucky
hmm could this be the herbal life of crypto?
I'm not sure. It could be but who knows. We will see.
This is a snapshot and I think you lack a bit of perspective. What you need to look at is the rate of change toward decentralization. The first year, there is a massive sharedrop from the whales to new users via their votes and the effect of inflation. If you were here 2 months ago, you would see it more clearly. Distributing steempower takes time.
Another fact is that there will always be unequal distribution because of the 80/20 rule since no one has the same level of skills when it comes to create content that becomes popular.
Finally, we all do our best (whales and dolphins) to find new content that is good but some fall through the cracks, with the decentralization happening, more curators will be able to do a good job at finding the cream and rising it to the top...just be patient.
I'm seeing quite a few of this type of post
Maybe content creators should get a minimum reward - say 5 cents for making a post?
If the post is worthless, then the 5 cents can be voted away?
I've also noticed this, the whales just need to start voting for other posts. They have a set few people that they trust and that's where they vote.
Change their voting patterns and they will change the wealth.
call me ishmael