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RE: STEEM: Whales Are Losing Their Power....The System Is Not Broken...Report through 6/30/2018
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.