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RE: Open letter to Dan - how witness pay is ruining the economy, and how this can easily be addressed

in #steemit8 years ago

there's still plenty of room for improvements all over the place, but the single biggest issue is that the active whales don't understand what the consequences of their behavior is; they consume 90% of the voting power, which is why other people's votes don't matter ... which is why people are leaving!

sure enough there are also other problems, like the inflation and what not, but ... those would all be minor problems if the user base were growing, but it's not growing; it's shrinking and fast!

if the whales were to put their voting slider on 1% and leave it there; steemit would finally function as it was intended; according the free market principles, while now ... it's functioning like Venezuela!

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