Since moving onwards from focusing on the larger share of reward allocations self votes, to the situation in the Witness schedule, where a smaller share, but a constant rate for each witness during their time in any given slot, and the mutual and self-voting that does not decay, and every vote is multiplied by the stake (which is growing, rapidly, in the case of top 19s), the self voting on the forum is a sideshow, and irrelevant.
Except in that the witness situation means that, second to the founding members of the chain, who mined and mutually voted and self voted their rewards to an untouchably high level, have the power to pick and choose which of some significant proportion of the witnesses may hold their top spots, the witnesses who are beneficiaries of this racketeering, are the second largest party with influence over the rewards allocations.
Being that, as I am sure my analysis will bear out in the near future, at least one member of the founding group of steemit, inc, is the superstar of self voting (I dare someone to fish out every one of @dan's votes and prove me wrong), the hunch I have is that when I complete a comprehensive analysis of voting, witness voting, rewards payouts and transfers out to exchanger accounts, that I will discover that the amount of Steem being syphoned out by Steemit, Inc, and their gaggle of Witness Ghouls, will be far in excess of even triple the 'were we just paying the inflation out evenly) ratio, compared to stake, will be revealed.
This is more than just a bad game for newbies. This is a racket, where the founders and their collaborators, are stealing the money, via undue allocation of the rewards pool, which up until 3 months ago, was at a 50% dilution per annum, not just consuming the life and times of thousands of tiny accounts of people working hard to win a share of the rewards pool, but more importantly, of those who have ploughed in in some cases up to a million or more dollars of fiat currency or bitcoins.
I'm sure that I'm gonna get swatted at again, maybe a few choice adhoms, but I don't give a fuck anymore.
I'm looking forward to the spectacle that is going to be potentially the most epic case of a financial scam prosecution, in the history of the USA
Maybe I will even get some compensation, but I don't think so. I made plenty from my first 6 months dedicated work, and I believe that I can see a timeline for the future pathway of the steem price, over the next two months, and if my estimates are correct, my next profit, from my hard work and prescience, will be at least 4x what the last was.
And then I can finally move on, to build Dawn, to move to Siberia, to build my workshop, and the EM propulsion system and energy scavenger/magnetic battery that I have designed.
I have to agree with you that Steem Inc founding members and miners have too much control over both who witnesses are and where rewards go (including presumably back to themselves, though will wait for data on that claim). I believe this happened in HF 17/18 where Ned swooped in and changed his witness votes depending on who was adopting the HF.
While it's totally fine to use your votes however, this kind of concentration of power makes the idea that Steem as a DAO a farce. @demotruk maybe you were right about the idea that voting can be corruption, at least at the highest level of stakeholding.
Interesting view. Do you think that the Steem price will move to zero over the next 2 months? If so, what's your mechanism for betting against it?
Thanks for the info, and good luck with your general plans. Although I rather hope you're mistaken regarding the intentions behind, and the fate of Steem and other cryptocurrencies.
I've considered this kind of thing myself, but in nothing like such depth. It does seem unlikely that open blockchains would have been allowed to flourish unless they were 'under control'. I'd be interested in any links you have to help confirm or refute your hypothesis, and if you write a book/paper at some stage, I'd like to read it.
Are you anonymous, or do you have a public web presence?
You really post some dark shit.. xD
Where can I read more about Dawn?
This is very interesting. My father who passed away talked about this and I always thought he was the only one who thought this way and was possibly losing his mind. Always keep a little gold on hand.