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RE: The Trending Tab on Steemit is Becoming Paid Programming and Should Be Labelled Accordingly

in #steemit7 years ago

I completely agree with your views on promotions. I posted this a while ago, in response to another's pointing that out on his blog.

We are not alone.

However, we are outnumbered, and by numbers I mean SP. It is SP that fuels votebots, and that SP that fuels votebots is provided by it's possessors: 38 whales.

2017-12-28-LevelShares-EN.png

They totally control the witnesses, and they are the market Stinc serves. The rest of us are merely a device that keeps the illusion of a market for Steem viable, preventing the price from crashing.

Given the ~10% retention rate for Steemit accounts YOY, this is a temporary ploy.

Thanks!

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