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RE: Is SteemIt.com Turning Into Federated Media?
Agreed, it'll be difficult for new users unless they have a compelling story. But ... it's starting to seem like even that might not cut it anymore... Especially if larger account holders know they can "hold out" on upvoting great new authors until they give up on trying to make it on their own and strike up some kind of deal with the larger account holder.
If larger account holders wait, they're own stake is suffering dilution. And if they all are holding out, then that means the reward pool grows and is divvied out to other posts voted by dolphins more evenly.
So it is in the interest of a larger stake holder to actively participate in the platform.
Other whales could potentially downvote him / her if it was known that a deal was struck, in which case, loss to both parties.