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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...A 90 Day Shift In The Numbers!!!!
A year ago, 90% of the wealth was in the hands of the .16%.....
So it is changing.
A year ago, 90% of the wealth was in the hands of the .16%.....
So it is changing.
On planet earth, 10% of the population - not 0.16 - are holding 85% of global wealth, and that is a bad system already.
And there, with many democracies around, political power is not even directly connected to this distribution.
So steem is much, much worse distributed than money on planet earth at any given time. Even feudal Europe was better.
I do NOT say we should take away wealth from the whales. They have mostly earned it, or invested early, when everything was just a dream. That's ok.
But we have to put mechanisms in place for a faster catching-up of content creators. Plus we have to take "political" power to the people - i.e. seperate it at least partly from the wealth distribution.
Or we'll end in a non-participatory oligarchy, and that's bad for anyone who holds a single steem.
I've written a lot about this. Steem Power is a measure of platform trust and currently the only way to gain trust is to invest in the platform.
This was a good idea to get Steem going, but it's already outdated itself. We need to employ smarter metrics of trust. You should only get Steem Power when you interact positively with the blockchain and you should lose it for negative encounters.
I've made a lot of suggestions like having trials-by-jury and things like that but I suppose I'll have to become a much bigger player in the community before I'm taken seriously.