You are viewing a single comment's thread from:
RE: Steem Has a Severe Glitch That Likens It To Reddit, Facebook and Fox News
The problem you see may be impossible to resolve under the current system, the power to upvote or flag given to large SP holders, a.k.a whales, is the only thing that gives steem value, the only non-speculative use for steem at this point is to power up and be able to influence other`s payouts, so its interesting to see how this issue is also the main value proposition for the steem token.
I think the issue may be able to be dealt with though applying stricter perimeters on the flagging function. I vigorous discussion on the issue is being held here
Thing is, I doubt many people will buy Steem to power up, when they can just buy SP directly through blocktrades.
So I highly doubt this is what gives Steem value.
I would think advantageous interest on SP holdings would suffice to attract people to buy SP - and I would maintain, even more so, than the less tangible value proposition of influencing user interactions on the platform.
When you buy SP at blocktrades you are buying steem and then transfering it to your vest account. So no, you can't buy SP without getting hold of steem first.
Science!