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RE: A game theory requirement for steem downvotes has not been shown
I re-read the 4 post you linked from Dan and my mind was blown. I had totally forgot about them but now I remember why I had keep a positive stance toward vote countering.
About the power distribution, those who risk a lot at the start will reap great reward as Steem become ever more successful. If they decide to sell then the distribution become more even.
I enjoy how the coin was initially distributed. It gave chance to anyone who believe in Dan more so than a ICO which would most probably have given a bigger advantage to rich people.
Also in Dan's scenario not all votes are equal.
I told you so :)
Then I must rereread the posts :)