Doesn't steem ecosystem do the same as of now? "make rich richer and keep poor poor"? I am asking as a concept.
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Doesn't steem ecosystem do the same as of now? "make rich richer and keep poor poor"? I am asking as a concept.
It's definitely true the whales (the rich) are earning a lot more money on Steemit than new users (the poor), but everyone can earn money by posting good content. It takes time and perseverance though.
Nice concept for a question :P
but in my opinion the so called ''whales'' are probably the first people that had the guts to buy crypto money and so where able to invest early and cheap in Steem.
The sad thing is 95% of the people just life their life like a movie that's already written. And Crypto and Steem is for the most of those 95% not on the movie jet. The people who take the risk and think out of the box are the once that making big money right now
Thank you for your answer. I agree with you, good content is great opportunity for everyone who is not a whale. In a long run though if whales paid attention more to good content instead of each other, this can be great place for everybody. I hope zero sum game won't consume them. By the way what would you be called in this system, because I don't see you as a whale or a minnow?
Not really, whales can give out at least 75% of their vote as an author reward, and get back an average of 12% (up to a max 25%) as curation rewards.
Currently there's certainly rampant inequality because the early investors either mined or invested at prices in the 10 to 20 cents range.
thanks. that makes sense
I came at historic low to steemit. In march it was 7cent for 1 steem!!!
@Dantheman adressed the problem of unfair distribution in his EOS concept.
here is the concept https://steemit.com/eos/@officialfuzzy/how-should-one-distribute-a-usd1-trillion-dollar-treasure