sure right now but there will be more whales at some point
the factor that is in play at varying levels is people can buy steem as well. to me that defeats the purpose as I look at it as free money but there will certainly be idle rich who get involved at some point
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There might at some point be more than 37 whales, but not a lot more. It takes a billion vests to qualify as a whale, just under 500,000 SP. Even if all Steem was owned by whales, there would be less than 600 whales.