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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 6/30/2018
Isnt powering down and powering up part of the system?
If 1,000 Minnows and Planktons bought 500 SP apiece, wouldnt that translate into their influence on the STEEM blockchain?
According to your logic, we should pull out all STEEM purchased by people to see where their accounts truly are.
If I gave you $10 and you bought SP with it, and I gave a rich guy $100,000 and he bought a Lamborghini, would you say I was distributing wealth more to the low end because you had 6 SP and he didn't have any? If the system gives whales a whole bunch of money and they then cash it out, it's still giving whales a whole bunch of money.
Yes that is true but once money exits as SP, it is no longer any influence on the STEEM blockhcain.
SP is tied to VP.
If a Orca takes 100K SP and powers down, he is no longer an Orca...he is a dolphin with 25K SP...the other 100K gives him no influence.