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RE: Your Votes Don't Matter ~ Back of the Envelope Steem Power Madness Calculations
The initial distribution method for steem is a bit of a joke, it might be financially beneficial for the few that got in early but the effect it's had is that where they don't vote barely any rewards are dished out - leading to users leaving in droves.
Redistribution or 'raining' of steem assets via Project Rain really needs to take place at some point in the future. https://github.com/grctest/project-rain-site