Is there evidence to support that the whales are already voting less.
My metric is 0 payout posts in cashout, it appears that there are less.
I was figuring that was whale shame, is it not?
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Is there evidence to support that the whales are already voting less.
My metric is 0 payout posts in cashout, it appears that there are less.
I was figuring that was whale shame, is it not?
The amount that the platform pays out will still stay the same, even if none of the whales vote. The only difference is that instead of whale upvotes dictating where the majority of rewards are allocated, it will be decided by the votes of the dolphins and minnows. With the absence of whale upvotes, the upvotes from dolphins and minnows will now have a lot more influence.
Right, instead of the .01% sucking it up and doling it out to their preferred content providers it gives everybody at the bottom a chance at a payout the moves the UI.
Yes
Now if only more people understood that, then that would be awesome. This test is to take control away from the huge whales and distribute rewards more fairly. Hang in everyone....this will be worth it.
Yep, exactly!
If the intention is to reduce the voting power of users with SP, then there is little incentive to hold SP and surely the whales will begin to power down further driving down the price.
In that scenario why not just hold your value as STEEM you get little benefit for holding SP? (I know you get a bit of the daily reward pool but not much else)
It is just an experiment. Obviously if anything long term is to be done, more would need to be done to address the 'fairness' and gaming aspects of it.