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RE: The disappearing middle class of Steemit, and how to fix it.
Screw that... free market is why this place works. If you want to kill it, bend it over and ram socialism up it's..... >>> you get the point. :)
The person responded to me and then apparently deleted the response before I could add mine:
Here was my response.
If they say something useful and attract someone with steem power they'll get rewards you can't believe of. You'll know it when it happens. The people with massive power cannot horde it here. If they vote for a post here they immediately award a lot of power and money to that persons posts and within 24 hours they will receive it. This happened to me... I was at almost 11 steem power. I am at over 200 now. The bulk of that came from one post of mine. One vote brought in $43.
So unlike wealthy people in the world, whenever someone with steem power takes action anyone they take action to vote on is awarded VERY well, and anyone that replied to that and had votes from people is as well.
Socialism is not needed. It does not work.
Listen, I'm not poor. Look at my wallet. I deleted my response because I decided to update my post instead.
I'm just concerned about the mathematics of the rewards system. It's all very well to talk politics, but if someone has 2000000 STEEM power, and they double it every year, while you double your 200 how much do you think your STEEM will be worth in a decade from now?
What if Steem whales just vote on their own posts?
These are questions worth asking, and a discussion worth having.
We can speculate...
So far it doesn't seem to be an issue. When they post, reply, vote everyone will keep going up too.
It is hard to say if the inflation of steem power will cause problems or if the pace of other things will keep it not an issue.
I do know most of the wealthy I checked out have power down enabled.
I don't see negatives on how much they have at the moment. It has had no apparent negative effect, only positives up to this point.
That doesn't mean it won't change. I am not one to propose haste fixes to something that is not yet proven to be broken. If there are problems that is when we should address them.
That would leave room for a competitor if there are problems and they are not addressed.