Increasing the money all around is not leftist in the slightest. It would be if leftist if 50% of all whale earnings were distributed to the rest of the community.
Increasing the money all around is not leftist in the slightest. It would be if leftist if 50% of all whale earnings were distributed to the rest of the community.
This didn't increase the supply, it redistributed the supply. There is a specific amount allotted each day for rewards. In the old system whales could be considered the capitalists, they have lots of old money, where now they don't matter as much and they get less of the daily pie and say in who gets that pie.
Sure but if we are seriously suggesting that whales won't be the number one profiteers from this new system we are being dishonest. There are more followers than whales by several orders of magnitude. If the follows vote is worth more, then those with more followers earn more. I bet the whales are delighted by the new system.
I think it will translate to higher prices instead of just more Steem for those whales. So in a way if that is true they will make more $ but everyone's Steem will go up by the same percentage. So no matter if you have 10 steem or 100000 you would make 10x USD should it go to $20, which makes it somewhat more fair.
Oh yeah I agree but I do think that with the sheer mass of followers some people have, they would want their audience to have more vote power because it will bring them more steem per post.