How the need to cater to whales in order to earn money on Steemit will diminish over time. Steemit will flourish as the system gravitates towards Steem Power equilibrium!

in #voting9 years ago (edited)

The influence of whales will be decreased and diluted over time resulting in minnows voting power having more influence on earnings on the Steemit platform.  Many of these large holders of Steem Power are powering down and cashing out due to life changing amounts of wealth they have acquired caused by the dramatic price increase of Steem.

Right now the vast majority of users on the platform are minnows and hold very little weight when it comes to rewards since they have only been using the platform and acquiring SP for a very short time and hold very little.  As time goes by their holdings will increase, modestly and slowly at first mind you but increase never the less while the whales will  likely continue to liquidate their SP.

The link below highlights the distribution of SP among the various user categories on the Steemit platform: 

https://steemd.com/distribution

In the coming weeks and months these statistics will change resulting in a more even distribution of voting power eventually reaching some kind of equilibrium.  Keep an eye on those stats and recognize how the % of stake is increasing daily for the lower level user groups (dust, newbie, user, superuser).


For Steemit to succeed this simply must happen and I believe it will, if it won't no one will remember what Steemit was 3 years from now.

Keep writing, commenting and voting!

All of us are early adopters at this stage and will benefit greatly if we make Steemit a success. 

Steemit like you mean it!


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This is also what I was trying to influence in my post. Looking forward to the collective evolution of Steemit :)

Its bound to happen, it must happen for Steemit to survive. Its such a new platform that inequality is prevalent but the early adopters should be rewarded for investing time and money in making it a success. While it does seem unfair I believe in the end things will work out.

Nice post, it's just a matter of time. steemit has just begun and the power will be better divided.


have a look on my new post too
https://steemit.com/introduceyourself/@steemitdude/skynet-is-it-happening

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