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RE: Enter a whale's mind

in #steem8 years ago

I don't find profiting and profiteering to be the same thing, and I did try to point out that traditional capital gains are the victims of profiteering, as much as are new users.

In the white paper a discussion of financial manipulation points out that mining the rewards pool will harm the platform, and indeed, suggests that flagging/downvoting is the mechanism intended to prevent this.

As it happens, that didn't work as they said it was supposed to.

I hope you do feel that I am not desirous - at all - of insulting you, or anyone that acts to responsibly attend to financial matters. I'm not.

As you say, it is just a matter of properly aligning incentives. I just feel that as long as VP is weighted by SP, there is an incentive to seek to maximize ROI through voting strategies.

Profit from investments does not require stake weighted VP, as capital gains, when Steem's superb qualities as cryptocurrency bear fruit, will reward investors to higher degree than BTC, IMHO.