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RE: Bitcoin (BTC) Evening Update: Primary & Alternate Price Pathways

in #bitcoin7 years ago

This post has 749 upvotes at the moment. If 700 are upvotes and steemit has 35K active users each day that's 5% of the active user base. The community surely approves. Whales have high voting power because they have high investment in SP. If it's wrong for one whale to upvote a post then it's equally wrong for a bunch of whales to downvote a post.

Your logic is full of holes. Either we should get rid of the weighted upvotes removing the massive effect of whale upvotes (Which would still give a large reward for @haejin) or you just have to accept the voluntary upvotes given by individuals.

Nobody is stopping anyone from getting upvotes. The 700,486 STEEM reward pool is distributed according to the net weighted upvotes a person has received. It's 100% democratic and free market voluntarism.

Nobody has the right to decide who deserve what no matter what commies claim. Anything that doesn't violate NAP is in the right. Anything that is done without violating the NAP is fair and just.

I know how steemit works. I'm no expert but I know it's mechanics fully support a person getting any portion of the rewards based on the weighted upvotes and each person's SP decide how much weight their upvote has.

Steemit is no place for communism.

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It still does not deserve 6% of the reward to just 1 person... Number of upvotes doesnt mean anything, most of users just jump to upvote high reward posts for the curation reward, not for the content itself... I agree that no one should decide who deserve what, but thats exactly just what happening here, a few whales are deciding 1 user deserve more reward than other... Abusive downvote is just as wrong as abusive upvote, its the same... Imagine the situation where someone buy enough SP to upvote himself until getting 50% or 80% of the reward pool, that could happen, just someone with enough money have to notice this opportunity and it will happen... This is a flaw and the system and need to be somehow fixed... There many way to abuse the reward pool and in the future need to be fixed somehow...
I am far from been a communist my friend, actually the complete opposite...