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RE: There is a new Steemit in town! Sola Network! http://www.Sola.ai/BitGarden
Steemit has been a pyramid scheme from the beginning. 0.01% ove the people own over 80% of the coins. It was a secret launch only announced to a few people. Then launch failed a day later and restarted so certain people could get more coins. People like JamesC, Ned and Blocktrades delegate out millions of dollars of power for free to their buddies.. a majority of the voting power on the platform is in the hands of 5 people. They have looted over 200 million last year between only a few of them.. and no they did not invest anything to get that SP.. it was mined and some of it exploited out of the system for free.
Thank you for replying. I will have to consider what you have said and figure out a context for it in my current limited understanding of the platform before I can comment further with any intelligence.
Many of these whales own many many secret accounts.. for example.. Abit also owne Alittle, Alot, Adm, ect.. Val-a also owns Val-b... and of course the founders ned and dan have tons of alternate accounts.. dantheman, pumpkin, freedom..
Between these few accounts is most of the power on Steem.
so all the power is in the hands of 1% ?
Another thing to consider is that most people on this site will only vote for the stuff they like, but without the vast diversity of content seen on sites like Youtube, some people just don't vote on things at all. I could just upvote random videos on D-Tube just for the STEEM, but I didn't come here for the money. I also haven't seen anything on either Steemit or D-Tube that I feel deserves my vote yet. Without people making new kinds of videos or posts to reach a wider audience, the system's resources become concentrated in the hands of the people that found content they like or bots they like.