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RE: The Future of Steemit
This is a fact that could be addressed.
Perhaps if Ranchorelaxo only voted 2% or something other than 100%
This is a fact that could be addressed.
Perhaps if Ranchorelaxo only voted 2% or something other than 100%
I don't see @ranchorelaxo, nor @haejin, as a problem either of us should care about. Why should we care what happens to 5% of the rewards pool?
The top 1500 accounts care, and really only the top 39.
You and I are impacted so infinitesimally by 5% of the rewards pool that it literally has no impact on our rewards.
We have a different problem.
Our problem is that the bottom 99% of accounts split 1% of the pool. Since 99% of any rewards that are flagged away from @haejin back into the pool are then extracted by whales, you and I see but 1/50kth of 1% of all of @haejin's rewards (if we average all minnow rewards).
It is literally meaningless, and that's the problem we have. If minnows aren't delivered orders of magnitude more rewards - which would decrease the amount of rewards the whales could tap by about 25%, a substantial, but not debilitating decrease in their ROI - then retention will continue to be a dismal, ~10% YOY.
Even those of us that stick it out aren't much good in terms of supporting the price of Steem, as we have little of it.
Give us 30% of the rewards pool, as the white paper specified and intended, and we'd be a lot more use as price support for Steem.
I wouldn't mind it either.
Would you?