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RE: How does whaleshares differ from steem?
Perhaps you can try posting this on Medium.com too? You should know that the crypto community is uber-tribal and you seem to have stepped on a bear trap.
I'll read this without any bias but from my experience, any blockchain that doesn't offer any substantial improvements other than merely forking away with a community seldom work well in the long term.
But if there's more platform for speech, the better it is though. I guess. Harder for state players to subdue.
Thanks for the medium suggestion. I hadn't thought of that.
Isn't a more fair distribution of stake a substantial improvement?
I suppose in the end, only time will give us the answer to this question.
To answer your question, economics is like entropy. Money (value) will always actively seek to consolidate given enough time. Give a room full of people an equal amount of cash and days later 90% of money will be owned by a 1%.
Unless whaleshares can come up with a totally different tokenomics, give enough years can you'll end up with a top 10 accounts owning 90% of the coins.
I don't deny that Steem started out bad though. Those who knew of Steem early (and took the risk and expense to mine it) are now the large stakeholders you see around. I kinda just live with it now i guess.