Your post brings up a couple of thoughts.

The first relates to having multiple accounts. I see this as similar to somebody owning a business. Legally, a business is its own separate entity. The legal fiction is created for liability purposes. On Steem, I do not know how well this works. However, if one wanted to sell one’s intellectual property for a posts about Root Beer Smoothies, blockchain makes the posts inextricable from the main account. Whereas a separate, dedicated channel could be sold off. It makes sense to do separate concepts on separate accounts.

My other thought is about distribution. One reason countries left the gold standard for money, introducing silver, and finally fiat, is that the wealthy ultimately wound up owning most of the gold via bank reserve requirements. If you wanted to pay your mortgage and had earned enough, you couldn’t because there wasn’t enough money to use to make the payment. With fractional reserve, the money supply could vary without being required to have gold or silver back it up. On Steem, we avoid the trap somewhat by introducing inflation. It prevents the whales from locking up all the money supply, which in this case is Steem. We are able to create value out of thin air and translate that into something we can trade or accumulate. We are able to do this no matter how much a Whale has in reserves. In other words, our ability to earn is very unique to our own efforts. What a Whale is able to earn has no effect on our own earnings. When we bring up such matters, it is purely out of envy.

In fact, we are fortunate that whales have been somewhat dormant.

I have to wonder what would happen when we reach a level of 50% whales? What would the economics look like then? 75% whales? Eventually the growing Steem middle class will become the Steem upper class. Will we hear the same complaints? There will be more people able to greet newcomers handsomely.

I can’t help but think that the solution to disparity is already in the works. We just have to wait for it to grow.

Posted using Partiko iOS