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RE: Bid bots aren't the devil and neither are Linear Rewards

in #witness6 years ago

Having people who are rich hold steem is a good thing. I'm not goign to demonize people that have money. If we want to see higher steem prices, and I think generally speaking most people do we're going to need rich people to buy and hold steem. So, it's not double think. Discouraging people from buying and holding steem is bad for the platform. It'll lower price, slow growth, and not help expose this liberating platform to more people.

You don't actually get more SP when the price is lower. Your post rewards have an ability to go higher if steem price is higher. How much SP you get is relative to the price so it does scale back some with higher prices, but you still make more on a post with high Steem price.

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