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RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM.

in #steem-politics7 years ago

exactly - man, you are so on point.

the people who need the votes the most won't be able to buy them anyway.

^ That right there - is wisdom

Thank you for a great great comment @ats-david, very welcomed!

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Agree with both of you. I would consider myself to be in the Steemit "middle class" so I bought a few shares to see what the fuss was all about. The conversion rate at the time was roughly 1 BTS/WHALESHARE. Essentially it boils down to 1 BTS/1% of upvote. To me it definitely wasn't worth it even for those who can afford it. The cost-benefit ratio just isn't there.

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