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RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.
LMFAO you have 1.3 MILLION SP, most people have under a 100. I hope you were trolling ;)
LMFAO you have 1.3 MILLION SP, most people have under a 100. I hope you were trolling ;)
Exactly. That's why I purchased that amount of SP. SP in a way is like hash power.
SP: "Influence tokens which give you more control over post payouts and allow you to earn on curation rewards."
@johalfiles There are times when I wish I could go back in time and buy a ton of steem. Now, Im simply powering up as much as possible with the payouts on my articles. Curation rewards are pretty decent and its good to remain powered up. I've been buying steem at nearly every lows since being hospitalized during the dumps I missed the chance. Hoping the price doesnt rise quickly so there's ample time for greater steem distribution.
With great power comes great responsibility lol
This is true @timsaid. Uncle Ben said it best.
Yeah i understand. Maybe we first need millions of users and much more liquidity before we can come to any reasonable conclusion, but right now it feels like content creators are way too dependent on large SP holders.
Possibly. I agree to some extent there brother. Time will tell. Also a higher price of steem may cause a different factor in this as well...not sure.
That's what i mean with too early, the price of STEEM is so low right now that whales aren't selling to even out the distribution.
As the price of steem rises though the distribution gets worse. As a net percentage it won't change just due to price, but the amount of fiat that separates the 1% of people that own 90% of steem will make it harder to level that playing field.
Hmm good point, so SteemIt is more of the same then. Just like the world we try to leave behind, on SteemIt the 1% own 99% of the power and there's nothing we can do against it.
Huh? Now that is good info. I'm new to all this and little bits here and there such as this are "GOLDEN". About SP being like hash power. Thanks "thejohalfiles
Well said.