RE: Whales Need Minnows More Than Minnows Need Whales!
Thanks for spreading the information around. I know the issue and have made multiple topics on it. I commented on @timcliff post as well. No Minnows = No Steemit. All the steem power on the platform is no good to the whales if there is no-one using the platform.
My suggestion for improving Steemit ...
Limit the max up-vote value. This takes some of the power away from whales that they currently have while at the same time making a minnows vote more valuable. There is no way 1 persons vote should be worth more then hundreds or even thousands of other peoples.
Limit the time it takes to sign up to steemit to at least 24 - 48 hours. Too many sign up, wait for the approval email and then just move on because it takes too long to get approved or their approval email gets lost among junk mail because they stop looking for it.
Below was my response in the topic you mentioned ....
The problem with implementing such a change is that it lumps everyone together. Punishing the newbie / minnow user who are providing good content to the platform because you want to punish spammers. Good content can't always be defined by it's monetary value. If you are a newbie / minnow then for the most part your good content goes unnoticed aside from some other newbies / minnows commenting and upvoting. You can get a dozen upvotes from newbies that like your post and only have 0.05 in rewards. Why should such a comment have it's rewards removed due to wanting to punish spammers ? The answer is that it shouldn't. Newbies and minnows alike depend on these small payouts to grow our account. It's a momentum occasion when we see one of our comments has reached $1.00 in rewards.
If Steemit goes in this direction, for the most part only Dolphins and Whales ( posters with the most influence on steemit ) will be receiving the bulk of the payments. It's hard enough to succeed on steemit as a newbie / minnow if this is introduced it will only get harder.
Excellent comments & ideas, @rentmoney! I couldn't agree more. It was your blog on No Minimum that made me aware of, inspired by and become involved in these issues in the first place.
I very much like the idea of putting a cap on vote value. It's insane the way it is now. They have literally given themselves the ability to print money. There's many whales on here who with a single vote grant themselves hundreds of dollars, or more. I know you already know this, but some Steemians may not. The idea that one person's vote can be worth so much more than hundreds or thousands of others goes against everything that they say Steemit is supposed to be about.
The main problem with this, or any idea or change that will limit or lessen the amount of money the richest Steemians make is that how likely are they to impliment these changes? How often do CEOs and boardmembers of any business vote to lessen their salaries as opposed to voting themselves constant, massive increases? Of course I want these changes to happen, but I don't think I'll be holding my breath that they will.
The sign up time should for sure be much faster. I believe I read a blog that some witness had created an app that significantly sped up the process. Steeminvite, perhaps? Just checked, yes here is the link for it. I haven't used or checked it out much yet, but it looks interesting and potentially very helpful .
And hey, anything is possible right? Perhaps some of the higher up will have a change of heart, or get tired of counting their money all day and tripping over their gold bars all over the house and will DO THE RIGHT THING and make the fixes and changes to Steemit that will help make it as Awesome for Everyone as the rest of us know it can be. As long as we got people like you out there, and all the other awesome newbies and minnows on here, swinging away in the trenches, I still have hope.
Cheers mate! As always a true pleasure interacting with ya.