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RE: Falling STEEM/SBD Price - Proposed Solution to the SBD Debt to Marketcap Ratio Problem

in #steem-price8 years ago

because there are only 30 whales, while there are about 1.000 dolphins and thousands of minnows; it's the principle that makes the free market work and why socialism always fails

If we were at the point that the product was about to officially launch and move from BETA to mainstream users - and we were still at the situation we have today with 30 whales having 90% of the influence and average users having no say, I would probably grab a pitch-fork and join you on your crusade.

With where we are today though, I believe their goal right now is to find users that will make good dolphins and get them to the point that they can be the ones holding the power once the site is ready to go mainstream.

and yes, the next problem is indeed the artificial inflation, that would be the next problem to needs to be solved

Yeah, there are a few threads on that this morning. I'm still not convinced that is an issue either :)

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Upvoted this one at 100% because I feel it deserves it :)

Do you have Nextflix? If so, you would probably really enjoy an episode of "black mirror" called "nosedive". I think it does a good job highlighting some similar issues to what you have with Steemit, as well as gives a good example of someone going off on the system and being 'voted down' by those in power. If you check it out, let me know what you think :)