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I wouldn't go there, see my comment at this post, @aggroed, please. You were once a minnow and this is how you started, with $0.1. You remember how hard that was, this change is killing newcomers...

What happens to the newcomers if all the whales leave for a competitor not drowning in spam?

Well, I have seen whales and big dolphins educating their followers not to spam, flagging them and so on. And it actually worked, that people had a clear comment section, with really good comments and construcrive discussion at their posts. I know that investors are really needed, but I also know that without the traffic that this blockchain has,it will also be less valuable. There are investors that come to Steem because it has a great user-base and they can post articles which will have thousands of views if not tens of thousands of views. Imagine all of these things if we had a 10x the activity that we currently have, it will be huge. This proposal does not favors anybody, not even whales, even though it seems like it does because it reduces spam. If you take away all of the minnows, Steem will be left with a few hundred (if not even less) users who will be able to exchange their votes and comment between them and I really don't believe that this is what we want. Not to mention that some of these whales that can take their stake and walk away are actually people who mined for their Steem and did not put any real money into this blockchain, but who cashed out a lot.

This is what I think about it :)

What happens to the whales if it's a website where all 400 of them can hang out alone with each other?

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