You are viewing a single comment's thread from:
RE: Steemit where the rich and famous get rich and the poor stay poor. WTF!!!!!!!!
In order for steemit to work it has to be bottom up economy not top down. We all know trickle down economics does not work.
It can't trickle from the bottom to the top though. New members would have to pay for a subscription or something like that.
Someone has to pay for content creation and right now it's not the bottom players. It's the dilution of the larger players that allows the bottom players to get paid.
1 million new steem each day gets and dumped on the market. I say 1% should be given to new content creators
If I remember the formula correctly, out of the newly mined coins, 90% go to the old owners, some go to witnesses, liquidity rewards (currently frozen), etc etc, and ~3% go to content creators as half sp/half sd. If that's the case, we are already above 1%.