I've Just Read the Steem whitepaper: I apologize for complaining about whales #steemit

I'll keep this fairly short, so as to not waste your time.

I've been here for about a week, on the first day I created a post that yielded over $1,000.

This inflamed my greed, and in a search to maximize easy money, I mass produced posts without bothering to understand how Steem works.

Steem aims to create a system such that  user contributions in social media are paid, and the means by which users are paid are sustainable.

And the means by which they maintain this sustainability is largely by encouraging the hoarding of Steem Power.

I understand now that this is no trivial matter.

And perhaps there is a trade-off where focusing too much on creating incentives to improve the quality of user engagement begins to interfere with monetary stability - and thus the means by which users are paid.

All that matters, is that users are sufficiently incentivized to create and curate content and that the means to pay them is sufficiently stable so that these two activities can be sustained.

Perhaps there will be improvements in the future, but the present system works well, and can be sustained for years.

So I  apologize for my simplistic critiques that just served as noise, and that devalued the hard work of developers.

I also want to thanks @piedpiper for recommending that I inform myself by reading the whitepaper.

 Do not listen to nonsense:

 Steem can scale and edge cases have been well considered!

#steemit #steem #inflation #money #investment