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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 3/31/19
Is the system designed to take vests away from whales? Or do you mean that whales help bring up smaller accounts? I can see how percentagewise, whales would lose share of total vests. I just don’t understand if the system is designed to divest or if is simply an even playing field that allows users to grow their share, thereby taking some of what would have otherwise gone to whales?
Posted using Partiko iOS
The system is designed to reward people for creating content and upvoting that content. When you look at the numbers, there are close to 50K accounts transacting a day. With the Whales being so small in number, they simply cannot create enough content to keep up with all that is being posted and voted upon. This means that, collectively, the Minnows (for example) are taking a greater portion of the reward pool. This is being reflected in the fact they are growing at a faster pace (as a whole) over time.
The Whales are not losing the MVests, they opt to power down. Why are they doing this? That is anyone's guess. There could be some profit taking; maybe diversifying into other things; or maybe they are tired of waiting around. I have no idea.
The point is the Steem Power is balancing out over time. This is making the Dolphins and Minnows holding a higher percentage of the total stake.
Thanks for explaining. It’s important to me as a minnow to have the expectation that my account will grow in time as I use the account. It’s also important that if I were ever a whale, that I could preserve my hard work. I’m satisfied with your explanation that the platform works as designed.
Posted using Partiko iOS
Your Steem Power cannot be taken away from you. The only way to "lose" it is to opt to power down. Those who keep at it and are consistent in their activity on here tend to see their accounts grow over time. The reward pool is consistently throwing out 800K STEEM a week. Whoever is active will participate in that to some degree.