RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 5/31/2018
I like power and money being in the control of a SMARTER and more RESPONSIBLE minority, they hold longer and add more value and are more likely to bring MORE investment into steem if one of their other ventures succeeds more than steem, for example many of these whales have EOS and since EOS has performed much better than steem, theyve been able to buy more steempower with that EOS profit, I was one of those people who did that and was able to add another 1000+ SP to my stack thanks to my EOS profits. Now imagine what I did but on a MUCH bigger scale. Big whales need that steem to re invest with, the wealthy NEED that money, they will do more with it than the poor can!
I for one, SUPPORT the rich getting richer because it makes the poor get richer too
who said steem needs to be distributed equally?
ALSO I dunno, you cant just say that this chart is ainaccurate because some of the top accounts MIGHT be owned by the same people.
lets go through them, one by one, because theres not that many accounts at the top, the top 100 accounts could easily have us going through them, and we can obviously see that there are plenty of large whales, and it isn't just Ned or Dan or some other whales in charge of all the top 100 or 200 accounts , it IS distributed very nivcely and more and more dolphins are created everyday and minnows too (people buying 500SP at least)
and ya know what? the reward pool is over a million dollars a week! We have 49 Million steem on exchanges and 78 million liquid steem out of 269 million
so theres plenty of steem for new whales and dolphins to buy their stake and so even if we do have too much in the hand sof too few, it can be spread out more over time as we sell more steem to more investors
If we get 800,000 users to just buy and power up $100 dollars worth of steem
or 80,000 users to buy and power up $1000 worth of steem, thats $80 million dollars worth, approx enough to purchae the 49 million steem available on exchanges (and only approx 78 million is liquid out of 269 million total)
so if we all just buy and power up $100 worth of steem or if all of us ACTIVE users buy and power up $1000 worth of steem we will push steem up to $100 or even $1000 each and yes the marketcap will go to the trillions maybe even 5 trillion @elgeko is that too difficult for you to imagine? lol you cant see steem as important and as large as something like the US federal government with all their trillions? well i can :)