As you can see in the image above, this user earns $217.45 just for upvoting his own comment.
This is completely unbalanced and no new users will be able to come even close to this amount of steem power.
And the issue is, this person gains even more steem power as time passes without having to do anything for it.
I think steemit is really awesome and I would hate to see greed destroy it. This system needs to be more balanced. As it currently stands it is designed as a rather steep pyramid, where users who join only months of the release are already too late to have any chance at being at least somehow equal with the founders/extremely early adopters.
This leads to the following problems:
- only founders/extremely early adopters really control the content
- only founders/extremely early adopters can really profit from curating
- founders/extremely early adopters profit unreasonably from new rewards
Possible solutions:
?
yes i would agree it does seem almost impossible to get steem for the average minow and this only weeks after release like you have said
Can anyone clarify if just buying Steempower for a few million dollars will give you a lot of money for upvoting your own posts?
Steem to Steempower conversion shouldn't give you much advantage. Making it through the system should.
don't get me wrong.. the example you used is really disappointing to look at and a shame that is how it's setup
Yea I agree.. but then you have people like me who just sign up... introduce themselves then BAM... InstaSTEEM famous on the first post. Which tells me, some of the steemers need to try a bit harder and be a little more creative
The problem is that this is designed as a pyramid. This already rich person's funds grow unreasonably more relative to the growth of other people's funds without having to do anything for it. The developers need to balance this. Greed can be destructive and make blind. I would hate to see this platform stagnate or fail simply because of an ultra greedy reward design.
So later users don't even have the slightest chance to have an equal position on this plattform.
Purge
This is bad and we should be against it! But one thing to note that if these whales start to be appear overly abusing the whole STEEM goes down with their locked fortune. They do not want that.
I found this by searching "steempower inflation rate" in Google and this was the first result. As important as this fact is regarding Steem, this post just made $0.82. I think I get the idea of the "pyramid scheme"...