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RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.
Yeah i understand. Maybe we first need millions of users and much more liquidity before we can come to any reasonable conclusion, but right now it feels like content creators are way too dependent on large SP holders.
Possibly. I agree to some extent there brother. Time will tell. Also a higher price of steem may cause a different factor in this as well...not sure.
That's what i mean with too early, the price of STEEM is so low right now that whales aren't selling to even out the distribution.
As the price of steem rises though the distribution gets worse. As a net percentage it won't change just due to price, but the amount of fiat that separates the 1% of people that own 90% of steem will make it harder to level that playing field.
Hmm good point, so SteemIt is more of the same then. Just like the world we try to leave behind, on SteemIt the 1% own 99% of the power and there's nothing we can do against it.