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RE: Updated thoughts on 'the whale experiment'
Seems like "the whale experiment" is positive judging from the recent price rise in Steem.
Seems like "the whale experiment" is positive judging from the recent price rise in Steem.
Agreed. It is hard to make a direct correlation, because there are a lot of factors that affect price - but I suspect all the excitement over users having more influence, plus a lot of them powering up must have helped :)
If the money gets distributed to a broader base, it'll attract more people in and the price of Steem will rise, even if a post makes 1 cent it's better than nothing. Plus you can't see a really good post make nothing and then another one discribing how to make a cappuccino $100. That really turns people off.
Understood. There is always going to be people earning more for seemingly 'unfair' reasons though. That person who made the cappuccino post may have spent countless hours networking and building friendships with people on the site. There is a social aspect to it as well - not purely content quality.