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RE: Steem comes in at #10 in China's latest Blockchain Rankings, but lacks real applicability!
Upvoted thanks for the valid points here. we know the Chinese system is a bit odd, with bitcoin so low, but you're right here, Steem is not looking as good as it should. I don't understand why, it's the best social media blogging platform on the block-chain.
Yep, but with declining user numbers and not much else to show for it... steem continues to slide in the ranks.
Aha I understand. If I may ask, does the declining members mean those left get a bigger payout on upvotes?
Correct. The reward pool is mostly static... so if the number of votes go down then the steem allocated per vote would go up. Though I haven't check to see if the amount of steem power voting has gone down or not... it is mostly new users with not much SP that leave.
Aha I understand, thanks for the clarification.
But yes, in theory if everyone left except for you... then your votes would allocate the entire reward pool. Perhaps people leaving isn't so bad. :)
lol
Or perhaps just the largest accounts stop voting again... that wasn't so terrible.