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RE: Why does steem price continue to fall??? What can we do???
The price has been and will continue to crash because the whales are powering down. Look at http://steemdown.com/
In particular the dev account steemit is powering down. This account still has over half of all of the supply of steem. Steem is extremely centralized and this is why some people think Steem's a ponzi scam.
Next, if everyone had equal voting power regardless of the size of their wallet, the system wouldn't work. It would be abused by mass account creation and bots. Not to mention you'd also take away the purpose of Steem Power.
Agree, and agree. I didn't even think about it like that.. But I mean it could be based on what posts are truly the best. A bot couldn't post good content, that's up to the trends and the people as a whole rather than a handfull's opinion, you know?
I'm not talking about bots that write content, just bots that vote for your posts. People can create tons of bots to vote for their posts, but right now it'd achieve nothing b/c the bots won't have any significant amount of Steem Power. But if everyone had equal voting power then that kind of abuse would be possible.
But also where does the money everyone is being paid come from? Right now, besides speculative investors, one of the only sources it comes from is people buying Steem Power b/c they want more voting power. And that would be gone w/ equal voting power for everyone.