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RE: 25 Reasons Steem Will Replace Bitcoin as #1 Cryptocurrency by 2021!

in #dlive7 years ago

I guess what you are saying is break up the monopoly of whales by forcing them divest , it has happened in world with big companies but since there is no ID check behind Steem a whale can just create shadow account and split token amongst them.

I do , however , take your broader point about the problem statement of few players having too much influence to leverage the rewards pool.

Here is a potential solution - once you go above a certain reward value , a % is deducted ( let's call it steem tax ?) and that gets fed back into the system.


Dramatic recreation :Here we see a regular steem user being Fuc$$d by a whale

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Here is a potential solution - once you go above a certain reward value , a % is deducted ( let's call it steem tax ?) and that gets fed back into the system.

They will just make more blogs and comment posts with sockpuppets to side-step any threshold.

Sorry there’s no fix for Steem’s reward system. Can’t be fixed. I pointed that out back in 2016.