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RE: Whaleshares-- A New Way to Help Minnows Get Whale Votes!
How is one fungible token worth 1% vote of different SP whales ?
This should also help the price of steem go up as there will be less flooding the market from whales powering down their accounts
There will be way less power up because people simply won't have to ....
I find this whole idea to be poorly thought through.
I agree with you transisto, I personally think it strives against the "give & take" idea the whole system was invented for. In my opinion to put a price tag onto the aspect "give" will hurt this project. Imagine a real life scenario in which meal vouchers are handed out as support to poor. Sounds like a fair setup and a caring community.
Now comes a group in that sees bigger earning potentials here, they use their reputation in order to get big chunks of the vouchers but instead of giving them away for free they put a price tag on them.
The sellers will benefit in this scenario but the broad mass, which needs the support the most, will suffer.
In longterm the project will suffer. Dropouts, tough environment for newbies and a massive amount of poor content (as token buyers will not need to worry as much about the quality).
This project in my opinion pressurizes the caring aspect, which is needed for further growth. Users should feel welcome here and not pressurized to buy externally tokens in order to have success here.
@puffin where did you find this gif .. made me laugh haha
There will actually probably be more power ups since whales using the service will try to increase the value of their tokens. I'm not sure why you would think otherwise.
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.