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RE: STEEMIT - IT IS WHAT WE MAKE IT - So What In The World Are We Making It?
Interesting to read you writing in detaill about the early days, since im here just a couple weeks. 2 thoughts i had in mind. First i expected to have more whales dominating steemit in the past, not less (in ratio to overall users). I hoped for a better distribution of steempower in that period until today (like on bitcoin for example at the start you had 10guys owning all bitcoin and it got distributed over the years). I hope that will be the case in the future. When you mentioned that an upvote rarely was worth even 0.01$. This should have been directly related to the steem price, which is now ten times higher than a year ago. This is what happened to almost the whole cryptomarket in the last 2 month. Do my thoughts make sense?
Yes, the value of STEEM did play a role, to be sure. The more Steem Power we would earn teh more the value would drop. It did play a part, but also until abit and smooth started trying to reduce the whale influence, it never moved up. The mega accounts ran the show for a long time, and they were the only hope for users (newer or older) to really ever get paid. It is a much better ecosystem for newer users at the moment.