I will start out by saying that not all Whales are like this. In fact, many are the exact opposite. At the same time, this mindset/behavior is not exclusive to the Whales. It exists at every level, thus must be pointed out.
Over the past couple months I defended the Whales from what I perceive as unfair attacks. Much of this is done, in my view, out of jealousy. That said, there are a few things I want to bring up that go counter to what I believe the Steem blockchain is all about.
My last few posts had "Sharing is Caring" in the title. I believe this is the main tenet on this site. Ultimately, this can start at the bottom but it is much easier when it starts at the top. Some might take offense to this but I learned long ago that at times we just have to let the chips fall as they may.
Jamie Dimon gets blasted on this site, usually for valid reasons. Make no mistake, I think Dimon and his elitist bankster buddies are the scum of the Earth. For decades these people enriched themselves while enslaving others. The fiat based system is what puts the power in their hands. They can print up money while putting onerous terms on anyone who doesn't have said money. Failure to pay and they take your stuff while screwing up your credit for 7-10 years (which messes up your prospects for most anything financial).
What is a damn shame is to see people on here who rail against the likes of Dimon doing the same thing. In fact, compared to some of these people, Dimon is a generous guy.
For the past few weeks I pointed out the actions of @fulltimegeek, @stellabelle, and @wwf. Each of them delegated substantial amounts of SP (more than 50%) that was in their accounts. What is heartwarming about this is that they did it without charge.
Sadly, while this behavior is not the norm, there are other examples. @ned delegated 500K to utopian.io to help further their cause of open source work. From what I read, someone delegated 1M SP to D.Tube to assist in their voting power in an effort to lure users away from YouTube. It is my understanding that each of these transactions comes without strings.
In my view, each of these 5 examples shows the new way of thinking. They are not looking at their ROI (a bankster term). Instead, they are looking at the growth of the ecosystem and what it provides to the users on here. Each is trying to develop this blockchain through the people (whether it be developers or content creators).
Now let us compare that to what we see so common on here. There is a practice called leasing SP. What happens here is people will "rent" out steem power to someone in an effort to create a ROI. Do you see a different mindset from the one exhibited by @fulltimegeek, @ned, and the others?
The problem with this practice is that, no matter how you dress it up, it is still banking 101. Entities that rent out money do not collect rent, they collect interest. And the entities that rent out money are called banks.
Ironic, that people on here complain about Dimon yet have no problem becoming the bank themselves.
But wait it gets even better.
At least with Dimon, I can get a decent interest rate. If my credit is good, I can get money from him at 5%-9% depending upon the type of loan. I see some "leasing" out SP for 15 per 1000 SP...or 1.5%. The only challenge is this amount is monthly. That is 18% annual interest. WTF...I do better than that on my credit card.
Damn, ole Jamie would be proud. So would the loansharks in the neighborhood I grew up in.
I am not a religious man but I believe the term in one of those books is "usury". What is ironic is I was able to uncover two people who are doing this posting Bible quotes in the religion/scripture section. I have news for them, if what their book says is true, their Lord has a place for them for all eternity....just be sure to bring sunblock.
Why do people do this? What are they so set being what they despise? I mean honestly, the past 20 years makes it very difficult to defend bankers in any manner. Obviously, they are conditioned to get all they can and squeeze every dime out of a situation they can.
Everyone who reads my posts knows exactly where I feel STEEM will be in a year. Someone with 30K+ STEEM is going to be very well off at the time. Even if I am only 50% right, that is still a crapload of money. Now, I do not besmirch someone becoming wealthy, or making as much as they can. I do not believe in caps or limits.
That said, let us suppose someone has 500K. At the moment, that is roughly $1M. For example sake, we are going to presume that person wants $10M or a ten fold increase. I have no problem with that. At 18% annually, it will take roughly 4+ years to double the money. That is a sensational return. This is the approach of the bankers, they focus upon how long it takes to double their money.
Of course, they are not concerned about an ecosystem and what happens to the dollar. I am going to presume that people on here care about the price of STEEM.
Now the $1M will also turn into $10M if the price of STEEM goes to $20 (a no brainer in my opinion). Naturally, there are many variables of what drives the price of STEEM up (or down). However, let us presume that, at some point, what is occurring on the blockchain and the user base ties into that a great deal.
So let me ask you, what will enhance the ecosystem more, putting money out there to try to get an ROI or empowering people to dedicate themselves to moving forward? Some might say, why not do both?
My answer to that is look @fulltimegeek and the results he has. I use him as an example because I was delegated SP by him plus I know he is monitoring weekly what is being done with the 350K he put out there.
At 1.5% a month, @fulltimegeek is "sacrificing" 5250 in SP interest (I am sorry "rent") a month. Over the course of a year, that is a lot of money. Or is it?
He delegated SP to roughly 25 people. Personally, I know I am upvoting a few hundred different people a week. I do not know the average but lets say 100 people are touched by each of the 25, that is 2500 people or basically 10% of the active daily user base.
Of course, there are conditions that he set forth. When one "rents" STEEM, the only condition is to "pay me". You can not even log on for all I care as long as you pay me. As long as I profit, who cares?
@fulltimegeek's conditions aren't financial, nor are they difficult. His sole condition is someone has to be using the SP each day. People who maintain 100% VP are not fulfilling the terms and subject to having the SP revoked. He basically is pushing people to touch 100 people a month with his SP.
So, what is going to affect the blockchain more, someone getting 1.5% on the SP or @fulltimegeek essentially "employing" 25 people to go out and positively impact, motivate, and upvote 10% of the active user database? Of course, none of this takes into account the other users who are impacted as the second and third generation of all these upvotes.
Here is the major difference:
When I "rent" SP, I am concerned what I get out of it. I need to upvote in a manner that pays me. It is a business transaction and I am forced to look at my own ROI. The one delegating the SP to me could care less if I profit as long as the rent is paid. Therefore, so they do not "foreclose" with penalty, I need to look out for my own return.
Under the scenario that @fulltimegeek set up, there is no ROI pressure because there is no monetary contract. Spend the VP that comes with the SP each day...that is the condition. That said, I can tell you from experience that there is a feeling of responsibility that comes along with that SP. I believe the spiritual/religious circles call it being a "good steward". I am entrusted with SP to try and improve this site. To do that, I need to support and upvote others. That is how stewardship in this arena works.
To me, that is the banker versus non-banker.
Too much of the first and we will see 6 cent STEEM again.....a boatload of the second, $100 STEEM is in the sights.
Now that I wrote all this, is there ever a reason to "rent" Steem Power? My answer is yes and I found a couple of examples.
The first is @cryptoctopus. He is a Whale which means he most likely know what he is doing. I am not going to try and relay what he is doing, I will let his own words tell the story:
I bought almost 200,000 SteemPower in Delegation From BlockTrades . You've read that right! I will double my SP so that my upvote on your thoughtful comment is worth 2X as much as it is right now. I figured that with the SBD being that high, it would be a great help for my followers to get extra $$$ from their comments.
I hope you will join my fanbase. I will admit, this is not 100% altruistic. I sure think it's cool that I will finally be able to reward my most engaged followers with a generous upvote. I'm sure it will make a big different for them. It's also important to spread the STEEM around to the most amount of people as possible. But I'm also motivated by the fact that as I get my fans to get more and more SteemPower, their upvote will be worth more and more on my post over time. It's a Win/Win after all.
For full story:
@cryptoctopus decided to rent 200K SP to upvote his loyal followers in an effort to increase their SP. Obviously, Jamie Dimon would not be very happy with this approach which means that @cryptoctopus is a non-banker Whale.
The other is @jerrybanfield. He posted a couple weeks back that anyone who used his name in the tag section would make his voting bot and receive an upvote. This was open and free to anyone. Since that time, he ceased the free and started charging. Ergo, @jerrybanfield is charging for upvotes (another for of leasing). So why do I mention this?
Some time ago, @jerrybanfield had the idea of setting up a budget to fund new projects that benefit the steem blockchain. He believes that people should be able to submit ideas for funding, whether they are for development or marketing, in an effort to receive monies set aside for said purposes. Since I presume the idea didn't go anywhere, he decided to fund it through his voting bot.
Here is the story:
In the first 36 hours, there were 300 SBD raised which was allocated in full. Here is the story of who it went to:
Once again, since @jerrybanfield didn't directly profit, Jamie Dimon would be disappointed.
Nevertheless, I believe that the actions by @cryptoctopus and @jerrybanfield are going to help this blockchain and, ultimately, the price of STEEM. Their returns will be much greater since they are focused upon the ecosystem and the people in it.
Blockchain is going to destroy the banksters. Therefore, we need to stop this insistent need to behave like banksters ourselves and bring that onto the blockchain.
It seems to me the Whales I mentioned on here understand the new paradigm. I can only hope others will follow.
If your found this article helpful, please give it an upvote and resteem.
Pictures by Google Images.
Fuck yeah to all of this! @wwf helped me out with some Steem Power, and damn do I feel a calling and responsibility with it! When I was voting on content I liked and my vote was worth like a cent, I voted on things I liked more just cuz. It did not make much difference. Now that my vote is worth some 20 cents, I make sure to reward content that is aligned with my higher, spiritual ideas and I really want to make that vote count. I also want to spread the wealth! Take down the banksters, and begin a giving economy on Steemit! THAT is what I want to do, GIVE. I mean, I still want to make some money for myself so that it is worthwhile and so that I can buy things that I need to survive, but more then that I want Steemit to succeed so we can ALL succeed, and any profit I make will be for the higher purposes that I have in my life!
Excellent post @skycae.
100% upvote from me to help you along....
If @wwf trusts you, so do I.
Thank you! I am glad to be part of such an awesome community and awesome platform. Ima just rant about steemit to everyone. It seems like the only thing I talk about lately lol. <3
Yay @skycae!
I love the post. I associate the mentality as being the difference between a scarcity vs prosperity model. In a scarcity model, which corporations, banks and governments function on, their goal is to restrict supply and increase demand to drive up prices and profits. However, in a prosperity model, the idea is that there is more than enough to go around. The problem with scarcity thinking within a prosperity model is that there is no profit.
Scarcity models demand that people pay for the basic necessities of life, where in a prosperity model, everyone's needs are met, nobody starves, goes homeless or thirsty. Prosperity models have people sharing and participating where scarcity has people hording and charging.
I see the steemit community moving towards a prosperity model which is a complete paradigm shift in thinking. It will take some time, but I see it unfolding. By sharing, giving and upvoting (which is free and costs nothing to the giver), I see this then shifting our thinking and then having that manifest in the physical realm as well.
I love your article. Well done! I am honoured and touched deeply on a spiritual level my friend.
I believe the difference between SP delegation and what central banks do is that the SP being leased out was earned in some way, so collection of interest on assets that you earned is very different from receiving interest on money that one conjures out of thin air, which is precisely what the banker overlords are doing right now.
I am not sure that is correct.
This is from an article written by @aggroed who seems to have his finger on the pulse of what is going on with this site.
https://steemit.com/steemit/@aggroed/steem-works-a-funding-mechanism-for-a-worker-proposal-system
Take that for what it is worth.
I bought 90% of my STEEM @ $0.90 to $1.10 and my Bitcoin at $250. It's true that early miners benefited from the access to knowledge and the high inflation rate. Similar to how Satoshi did with Bitcoin, but the market will get over it just the same. The technology is just that useful and valuable. Several top coins have selfish or suspicious beginnings. DASH for example. With the launch of SMT's the early mega whales will have less impact on the average user experience going forward. Only if the SMT's are fairly distributed.
I agree with you @robert-call about the steemit system leveling things out. I do not agree with changing the curation system...it actually works well from what I can see. The % of holding of the top 1% decreased in the last year. This trend should continue as more people enter the mix.
Congrats on the BTC purchase and the STEEM too. I am in at between .85 and $1.35 for the most part. SMTs are a game changer....
I do not follow on the comment about fairly distributed...what do you mean?
I think a hybrid ICO/Airdrop solution might be a start for any future SMT's.
I really like this idea from Furion several months ago.
https://steemit.com/token/@furion/giveaway-as-a-token-distribution-strategy
Airdrop a percentage of the SMT to STEEM Power holders and limit the max amount per account to 50k SP. This would hopefully limit the inequality in the distribution.
Thanks for that...very informative article.
It is a great idea.
What is the present system or plan for token distribution under SMT? Is there one?
I would imagine every dapp will launch their own SMT to bootstrap development and create a unique smt-community. I could see several dozen legitimate SMT's in the first few months of the SMT HardFork.
In the SMT whitepaper under "Votability and Rewardability" You can asign several votable assets to a post/comment. So you could see every dapp have its native token supported along side STEEM and maybe a third party dapp token.
In the future a post might get rewarded with $10 of TUBE Tokens, $5 of STEEM and $25 of STEEMIT token... and this could be recreated with any of the dozen or so dapps being built at this time.
Depends on the dapp developers. Steemit, dTube, dLive, dMania, and many others will be able to fully customize the distribution, inflation, and curation/rewards of each individual SMT. Hopefully they will launch Clean ICOs/Airdrops to silence the critics of the initial STEEM distribution. I'm looking forward to it.
yes, I get it. That's why I, along with fulltimegeek started this trend. It was now or never.
Most definitely you did @stellabelle. I do my best to give you credit also.
Both of you are inspirations and, in my opinion, epitomize what steemit is all about. With people like you leading the way, we have a bright future here.
Over time, we are going to see this place explode and, my hope, is there will be a large group of people on here who are following in your mindset and willing to do all they can to upvote and help others get ahead.
How do I reach you... Got something to discuss with you
I love and appreciate how you explain every reason for delegation, "rent" and the purpose for each.
In reference to "touching" a Minimum of 100 new, or unique steemians every week was something I had already done prior to @fulltimegeek's delegation but I have to admit feeling as if I were an "ambassador" in his proxy now, I tend to visit, comment and UPvote much more.
It is a wonderful thing @goldendawne.
Through the leadership and example of the Whales, we will all grow our accounts and that of those following us....
All win.
Yes definitely a win-win for all of us
People say that those who invested are looking to get their money back, but the big profits will be made when Steemit really opens up to millions of users. I'm delegating SP to good people for nothing as I just want to see more votes given out to good content. I see people buying votes and not getting that much in return. I'd rather see them earning votes from those with more SP.
Thank you for mentioning that @steevc.
I was not aware of it and will put you on the list with the others.
We all appreciate you doing that...taking the approach to help others with your SP.
As for the million users, I am not sure the number but I cant disagree with you...STEEM is going to explode at a certain point. We already moved from $.85 to $2.35...that is a huge jump in 6 weeks....
I expect a remarkably higher STEEM by the end of the first quarter 2018.
We're at half a million accounts now. With the next hardfork they can start marketing it and people should flood in when they realise what it can do for them. Then it will get really interesting
I agree. Why stay on FAcebook if you can make money from your social media by merely engaging as you would normally?
Thanks for the 411...what is the next hardfork and what does it entail?
Why do they have to wait until to market it?
I have not read about it...
Thanks for the assistance.
It will remove the need to manually verify account. They aim to have algorithms to do this and they won't need to delegate SP to new accounts as something will change to allow them to operate without that. We should also get communities and maybe SMTs. There's this old post, but check out the talks from Steemfest too.
Excellent...thank you for the info.
Any idea of the time frame...did they project a block number?
Should be early next year. There's lots of activity on their Github
Great way to promote the platform, we owe you!
Wonderful article. I'm seeing articles being upvoted to promote ideas that feel like propaganda to me. I don't see them as being legit because I am seeing them being upvoted repeatedly by the same users, I doubt the validity of them.
I'm afraid, before long, the top posts will be soda/fastfood/corporate interests, that appear at the top, and what will we do then?
What will we do when the top ideas aren't the best, but paid for by those with agendas and interests in them appearing so?
i think we are going to need tools to see the voting history of a post, who upvoted it, when they upvoted, and history related to the voters to discover patterns of behaviour that will show them out. Because what I am seeing is posts that have like just a few hours of existence having high dollar amounts. I suspect it is to cloud the reality of peoples interests. To that end, they seem to lack material content, and only seek to cloud the issues that are being discuss.
I can't say for sure this is happening, but that is my reflection, given the content, and the lack of substantially interesting conversation. It feels like a circle jerk to me. It is one of the few areas of steemit where I don't feel like it is engaging conversation.
Check this post on 'flat earth' and see how many truly respond or engage the discussion. I try to engage them in debate, but they have given up on me for the most part... They claim they are being scientific, but I fail to see their methods as being so, and think I have a pretty good grasp of it.
I spent my life loving science.. but science is observation, not repetition of ideas given.
whether you agree or not, noticing this type of behaviour could probably be found in other contentious areas, hiding truly new and innovative ideas.
Hello Taskmaster.
I am what...5 days old? Yet I know those you mentioned already, either they are reaching out well enough or good minds attract other good minds :p
For a 5 days old guy on Steemit I am happy with my reputation. I earned that reputation by giving - and I know many people who have lower rep because they only think of getting.
Heck, I'm a Steemit newborn and I'm already sick of the voting bots everywhere. I jumped to a post I saw a lot of comments on and it was 4 or 5 different bots with walls of text explaining their business models.
On the other hand, this we're seeing here is how greed drives man. Those who are greedy and do those kinds of things tend to be the ones at the top, because at the end of the day, they end up getting way more than giving, and they find a way to game the system.
Again, I am a newborn here, and I already learned about voting circles, bots, SP leasing, Voting Lotteries and everything in between. And I already saw a guy whose vote was close to $7 upvote his post and upvote his answers to every single comment.
Know how many commenters got a vote from him? ZERO.
Anyway, the Steemit economy you're talking about right now seems like a Utopia, people look hellbent on continuing these practices, and I'm afraid to say organic people who share their content and vote normally as the platform intends aren't a huge majority.
I love the way you see Steemit and I think this is my view for it as well. Upvoted and followed you so I can see you around.
Cheers
I bet the author didnt get an upvote either.
Sorry, didn't get it :/
I definitely appreciate the spirit of giving that you talk about for folks who delegate their SP without any strings attached! Those are 2 interesting cases for you to think it's ok to rent out Steem Power. I upvote people who comment on my posts, too. I've never thought to do things that I didn't agree with other people doing under different motives. Heck, I didn't upvote myself for months. That wasn't the brightest, I'll admit, lol.
We all learn on there.
I point those two cases out because they had an intention of what they are doing. Few seem to. Plus they are around long enough, I figure they know the game.
People use all kinds of mechanisms to improve this blockchain and site....that is the important thing to me because we will all benefit from that.
I agree with you on your last point, for sure. I'm continually surprised at how ingenious people are at figuring out ways to use the capabilities of the Steem blockchain and Steemit. For better or worse, lol. And then folks figure out how to deal with the 'worse', too. That's part of the reason I enjoy being on Steemit. I've learned a lot of new things and it's fascinating to see the whole ecosystem evolve.
I've got to learn more on how the delegation works on SteemIt. Any suggestions of any Steem posts on this topic matter?
Once again I feel like I'm late to the party! On the plus side I not only got to read a thought provoking gem of an article, but lots of great thought provoking feedback too!
You've covered both sides so well in showing that there is something to be gained for the delegators on both sides, it's just that one way shares the abundance with more and moves away from immediate gain to future investing.
I do wonder if the blockchain will truly destroy banksters. After all, they been doing this for generations and successfully getting more and more control. It wouldn't surprise me if they just find a way to incorporate crypto and the blockchain into their own system.
As for keeping Steemit as a more sharing culture, I do think it's possible. The mentality of many of the users is much more towards that way of thinking than on any other social media platform. You will always get those that are only thinking of themselves and how much money they can make, but we can choose to not to support them. The openness of Steemit shows a trail so you can see how genuine people are being. I came across someone who was a good writer and always left thoughtful comments. Yet he never upvoted any of the work he would comment on, just himself. I returned the favour in a similar manner as I'm a true believer in treating people as you wish to be treated. 😉
Thanks for the reply @minismallholding...never too late to a party.
I am convinced of it...in fact, I wrote another post a few days ago boldly proclaiming the banksters dead. The head is cut off, only have to wait for the body to die. In my investigation into bitshares, it is truly amazing some of the things going on within blockchain that will flat out obliterate the financial sector. Between reducing fees down to the bare bone (compared to what the bankers charge) we are also seeing entirely new projects developing to fund companies.
As for incorporating crypto and blockchain, sure they can do that. So can governments (which are just an arm for the bankers in my opinion). The challenge both have is their need to control. There will be no decentralization. It will be more of their control.
Could this process take a while? Yes. What is offered technologically and the rate that people change are two different things. There are a lot of people who will stay in the system.
I will offer a guess when the bankers hold will be diminished...when you start to see large amounts of people around the world paid by companies in crypto.
Thank you for taking the time to reply to me.
It will certainly be interesting to see what the future brings.
Yes we shouldnt act selflish and be among the community if the whales do that we will totally grow alot more
Another stellar article Task. <3 Thank you for all of the QUALITY you add to the blockchain.
I think I set the bar too high for people...damn....
What happens when I write a crap article...I bet you all will throw tomatoes at me.
Yes, nice tomatoes though, ones from our homesteads!
You dont pelt people with the good tomatoes....you use the store bought ones for that.....
Damn do I have to teach you everything....
And dont use the chickens eggs to blast the neighbor kids...again store bough crap is good for that.
Lulz...
touche!
This is an excellent breakdown of the various types of whale behavior out there. You are quite the cetologist :)
It's easy to get caught up in the "whales are ruining everything" dialog, so I really appreciate the balance you've given here along with the optimistic roadmap. Seeing whales choosing to fund the future of the platform rather than just increase their own profits is encouraging.
That said, Steemit still has a huge 1% problem (i.e., they control some 93% of the tokens, last I heard). Concentration of wealth is bad for communities as a whole, whether you're on top or on bottom, because of how the power dynamic affects relationships. A more equitable distribution of new coins is important, but how long will it take for this to translate into a more equitable distribution of held coins, if ever?
According steemwhales.com, the percentage of SP held by the 1% is 76.03%. The 93% includes all the top 10%.
While that still skewed, it is a large drop from last year. The system will distribute the reward pool as more people keep voting their 20% and taking part in the reward pool.
While individually not as powerful, when you have 30K versus 50 or 100, it can get overwhelming. The numbers of people entering and getting active should decrease the percentage of SP in the hands of a few over time.
Ah, thanks for setting the record straight. It's also good to know that there's a downward trend in the imbalance which will continue as the user base grows.
From the perspective of a minnow, it's hard to see how making penny votes will do anything to change anything, but I can see how 30k pennies is actually pretty significant. That's not to mention those who bring small investments to the platform and get a bit more voting power.
Yes @scottyeager.
It all builds upon itself. When each of us gains a bit more SP, that is more voting power, which causes every vote we give to be worth more. It might only be a percent of a cent to start, but that is only a start. Commenting is a huge thing for smaller accounts. It is hard to get upvotes on an article since most dont know who you are. But when you post, you ride the back of the author who has a following.
I have seen articles that get $10 yet some posts have $15 or $20 in the comment section.
That's certainly been my experience with comments. Actually, I just posted about this and a few other economic realities that are important for new users to understand but took me a bit to figure out.
Dimon’s rants would indicate that he is very much aware of this.
I smell fear.
I think you smell correctly.
The Bitshares/AriseBank news on Friday was very telling about the future of the banking sector.
Very wise words. I understand you perfectly and support you 100%. Restores this to confirm.
Today I became a happy owner of 5 yew of the SP delegation. I felt on my own skin what a promotion is. And I'm very thankful for that. But, I do not know whom to thank. Tell me, how can I check who delegated SP to my?
Good luck to you and good.
http://www.steemreports.com/delegation-info/?account=cranium Take a wild guess who ;)
thank you for resolving my dilemma.
This is a fantastic article and makes a very strong case for the way Steemit and everyone involved should view and approach the platform. The whales have a responsibility to nurture the people below and @fulltimegeek and others are doing great things. Long may it continue and I hope to contribute in ways that benefit everyone and the platform as a whole.
Well said task! It is a shame that the holders of the 99% are not as altruistic as the other 99% of Steemians seem to be. The helpful whales are outnumbered by the ones who are only out for themselves. With so few controlling so much of the SP we really have our work cut out for us as a community fighting the apathy at the top.
Thankfully there are a few, like you mention, Stella, geek, October, aggroed, acidyo and a few others who are really trying to push this platform in the right direction. It is up to all of us to support the whales who are supporting the platform. Our votes may be small, but our voices are many, and by banding together we can make them be heard!
We will see over time. Year over year, the SP in the hands of the 1% did drop. If memory serves me correct, the minnow and dolphin share went from 1% to over 5%. Still in the minority but a huge move upwards. The system is designed to spread the reward pool as long as the minnows and dolphins are using their 20% daily voting power.
There are a number of Whales on here who are really interested in moving steemit forward and all profiting.
Thank you so much. Shall I vote for them as witnesses, will that help?
Nobody can tell you what to do @pjcwart but voting them witnesses, if you think then good people, is a great idea.
Quality people tend to make quality witnesses.
Thank you so much for your comment! Well Said!
I really Agree with you on this
Their efforts and plan will really help steem blockchain big time
changing cultural pattern and social roles is almost not possible . people live the whole lives acting like banksters and they will continue to do the same everywhere . it is not necessary to be anthropologist to understand the system of social roles .
Nicely said! I worry about posting about these topics because when I did in the past I was met with a "that's just how it is, Be thankful when your $800 account is worth $80000 bro". It's difficult to express the depth of the problem without pissing off all the people who you need on your side, but I think you did a good job.
People who find themselves in a favorable position tend to think they deserve it (which is fine) but they also tend to think that others who are having a hard time deserve that as well, and more than they realize.
Culture needs to change in order for anything to really change. Blind faith in crypto and/or steemit just because we benefit from us is only going to get us more of the same. We (collectively) need to change.
I don't assume most whales to be bad guys, I just know how people act when they FINALLY get a break and others start accusing them of being selfish or lucky, they tend to become selfish.
There are many great whales here, most that interact with the community are good people. And many many minnows deserving of whale status that will hopefully reach it soon. I didn't know @fulltimegeek had done that, I will follow him, I really love whales who freely delegate sp. @cryptoctopus either, I enjoy his posts :-)
THanks for this great post!
@steevc, @steelabelle, and @wwf did the same thing sa @fulltimegeek.
All of them delegated out STEEM without payment.
I'm not sure its a "problem" , just growing pains. As I said before, we will see big changes as more content creators become whales. Because why would the biggest person in a niche rent their power when they need it to keep fostering their niche? At that point I'm guessing you'll see flags for rented SP in any categories that are content creator control.
It probably won't go away even then, but it will be limited to the back alleyways of steem.
I definitely understand the pressure of delegation.. I woke up this morning to one.. I don't know how to find out who it was but my guess is FTG... makes me think about what he would think about the UV I'm giving out.. did the author deserve it based on the quality of their content... are they contributing to the Steemit platform...
From Steward to Steward: Well done!
I have a delegacion of 8k and i received around 27% of income from my upvotes, i think the revenues it is not great idea the only benefit if as profit, and interes received it is not great, the only good think is you increassed your follow it is a great thing, it is nice, my only problem is i only post in spanish it is a bad in my revenues, but the amazing is people interchanged opinion with you independence of your basic language.
Best regard @galberto
I'm very happy when I see others are now saying what I have been saying for quite some months now. I do believe that the way you are saying it better than how I was putting it. Let's keep saying it in many different ways and perhaps it will catch on more widely in less time. I believe a movement has begun!
Wow, this is a very impressive article. Well researched and full of information. I had no idea about the Dtube loan and stuff. Thanks for posting this. I appreciate your work and the support on my posts as well.
I always love your articles. They truly help us Minnows! Upvoted and resteemed. If you have any pointers as to where to delegate please share. Blocktrades is currently on pre order and dejegation cannot be assigned.
I cannot comment on what blocktrades is doing since I do not know the deal nor wish to do so...it just isnt my thing.
Personally, I would give it some time just commenting, upvoting and posting. Create a following...keep coming back here and leaving longer posts...that will get you some upvotes and perhaps some followers.
There are plenty of spirits to connect with if you are openly and visibly trying.
I will definitely take your advise to heart. Being new it’s not always easy to discern what’s right for the community since there are so many opinions. I read through the comments on your post and that’s what I’m going for. Honest, true community and ensuring steemit continues.
This touches on some concerns and questions I have about the future of steem since I have become engaged and appreciative of steemit the last few weeks. I see so much positive energy and content/communication from the heart rather than the ego. The ego is still there but it is so much less than other social platforms. The interesting thing is that there is money attached to the content so it's almost begging for ego (and bankster) attitude. It's an interesting problem to me to see how the positivity and love can sustain itself. I see people attracted to steemit that feel affinity to this type of interaction. But there are also the others that just want upvotes and money at any cost or at the easiest cost to them. It seems less of a technological challenge and more of a social challenge to keep a productive, positive and generous community thriving. But how can we "make" steemit behave that way? That would be control. I appreciate you and others like you who lend a helping hand, a gentle guide that helps inform us of the problems we are faced with, or rather how steemit could be a solution to some of our cultural problems. It seems in the end it's up to the community to decide what happens, where their votes go, how their voice is heard because otherwise it would be trying to control something that shouldn't be controlled.
This is one of the best thing I have read today. To be honest, I almost left this platform 23 days ago after seeing some whales delegating their SP to bots only and came back when heard the news about SBD's sky climbing price (Yes, I am an accountant and thinks like a banker). There are a few people who care about this platform, not their personal wealth and this is something gives motivation to small accounts like me!
Those are very good observations. If you see growing STEEM as goal that everyone has here and the resources that people are have are time to write and vote and STEEM POWER. Those 2 should be exchanged for the befenifit of STEEM just like @fulltimegeek is doing. People (whitelisted) should realized that delegating STEEM POWER to people with time lets them have their time to do what they want while the price of STEEM grows because they're "paying" people to do the work and improve the system.
Thanks for all the information, here. Didn't realize you could borrow other's SP. Wow, there is a lot to this site!
My ultimate goal on Steemit is to free myself so that I am free to enjoy my life and help others do the same. To spread Peace, Abundance, and Liberty.
To do this, I have to build up my SP.
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For this reason I am leasing SP. I will increase my leased amount over time.
This will allow me to spread the love before I make it big and also increase my curation award.
I do feel a pressure to increase ROI because of the cost of the lease but I resist it.
I give upvotes to people I like and posts that I find interesting and will continue to do so when I become a whale. (shaddup haters, IT WILL HAPPEN :p)
You can't obtain and spread abundance from a mindset of scarcity.
Thanks for the post.
Keep Steeming!
After reading through all this
I do agree you do have some solid points and if everyone can share the same attitude as yours
Steem it can definitely grow a lot.
Thank you for sharing this.
Amazing post @taskmaster4450 , I want Upvote for Christmas :) Merry Christmas to you and your family
Steem is moving in the right direction given a few flaws. If we follow your suggestions, Steem will be a greater place. It's a shame some people are just motivated and blinded by greed to not see the bigger picture.
It isnt only mine.....there are a number of Whales who are continually working and trying to come up with ideas to move Steemit forward.
Together we all will make this place great.
I agree, already lots of improvements!
@jerrybanfield and @cryptoctopus both are doing for the welfare of steem......most of the people starts criticizing them...but i believe in them....your also doing good work...
Oh my! There it is...steemits shady under belly. I have been here for nearly 2 months and my exposure is pretty limited. I am a big fan of the "create your original content and share" part of it, not so much to just turn dollars. Now I think it is wild that posts about steem make steem and poeple make money talking about potentially making money. I hope to one day post at a level that is appealing to whales....whale bait! Haha 🙃
I think that this is just part of the problem. You've got "investors" acting like banks, and then you've got "Investors" acting like stock brokers and trying to turn cryptocurrency into commodities.
In my opinion, they are trying to get access to bitcoin, steem, litecoin, etcs, so that they can gamble it away, just like the rest of the stock market.
I believe the future is one that is run by one's values than one's wallet.
For all you upcoming Steemians, hold tight onto what you believe is right and do just that no matter what!!
Where did the Steem Power go?
The SBD raised is going to fund the budget proposals that are submitted under the project he set up. He has a series of posts about it....I havent followed up in a few days so I dont know what the status is on different projects.
Where did the Steem Power go?
Hello!
What are your thoughts on @freedom? Delegating 100kSP for 50daily SBD for who wants to rent ... and a few millions to utopian.io
Btw... This was an awesome article to read!
I have never worked the number but 50 daily SBD is about $650...
I hope he decreased the fee XD it is more insane now
I don't have much upvote value all I can do is resteem and that I will.
I wait for your content ..beacause I like this every content. Best of luck ..
I totally agree with you
Yes I realize this
You're right
There are some rules to learn from this post , Thank you very much for teaching post,
I requesting you, please you visit my account @shakirchy
A lot of info to digest for me, thx
Thank you for sharing
I learnt a lot, thanks for sharing