You are viewing a single comment's thread from:
RE: Whaleshares-- A New Way to Help Minnows Get Whale Votes!
That is such a stupid argument I lack words. The lower the price, the more steem you will get. What you are saying is that this system creates a artificially high price for steem.
There's a limited amount of steem produced each day for the reward pool. The price of steem determines the SBD value of the payouts so the higher the price of steem the more SBD you will get from your payouts while you will get the same amount of SP. Giving people a reason to keep their stake in steem rather than powering down does nothing but increase payouts. That's why post payouts go up and down with the price of steem. The only way you would get more steem with a lower price is if you're buying it on the exchange rather than earning it on the platform. Might want to make sure you know what you're talking about before calling someone stupid while simultaneously making yourself look stupid.