RE: The Future of Steemit
"If you want to be a whale, and get whale-sized payouts, bring whale-sized value in your content."
TBQH, the content we post has little to do with our rewards. @haejin exemplifies this, particularly. If you exclude all votes from @ranchorelaxo from the debate, there is no more reason to debate whether @haejin's posts are problematic in any way.
This issue is about rewards distribution, not content.
Further you completely misunderstand my position. I don't seek to 'drag whales down'. I want them to profit MORE from their investments.
The price of Steem has rewarded whales more in the last week than all the self-votes they have cast in the last year.
I seek wider distribution of rewards not because I even care about my personal rewards, but because that will cause Steemit to grow, and create price pressure on Steem upwards, producing capital gains for whales.
I want Steemit to become more than a rewards pool mining algorithm. The mechanism of rewarding content creators on a social media platform has the potential to topple tyrannical banksters, and produce a new libertarian model of democratic governance all over the world.
That's really my goal.
This is a fact that could be addressed.
Perhaps if Ranchorelaxo only voted 2% or something other than 100%
I don't see @ranchorelaxo, nor @haejin, as a problem either of us should care about. Why should we care what happens to 5% of the rewards pool?
The top 1500 accounts care, and really only the top 39.
You and I are impacted so infinitesimally by 5% of the rewards pool that it literally has no impact on our rewards.
We have a different problem.
Our problem is that the bottom 99% of accounts split 1% of the pool. Since 99% of any rewards that are flagged away from @haejin back into the pool are then extracted by whales, you and I see but 1/50kth of 1% of all of @haejin's rewards (if we average all minnow rewards).
It is literally meaningless, and that's the problem we have. If minnows aren't delivered orders of magnitude more rewards - which would decrease the amount of rewards the whales could tap by about 25%, a substantial, but not debilitating decrease in their ROI - then retention will continue to be a dismal, ~10% YOY.
Even those of us that stick it out aren't much good in terms of supporting the price of Steem, as we have little of it.
Give us 30% of the rewards pool, as the white paper specified and intended, and we'd be a lot more use as price support for Steem.
I wouldn't mind it either.
Would you?