RE: Weiss Report On STEEM: All Strengths With One Weakness: BASICALLY STEEM IS THE BEST TOKEN BUY OUT THERE
It really is very exciting.
While all the other fish are growing, particularly dolphins, which is really exciting, there are other avenues to help diminish the power of whales. All the groups, communities and curation trails help give the minnows and redfish a bit more power and a bit more say in what's going on and who is getting paid.
I don't mind the Whales moderating in these early days though... a couple of fraudsters who made a lot of cash convincing people to buy into BitConnect have been downvoted by particular whales which I'm happy with... otherwise they'd basically start again. YouTube has no such policing mechanism, so unfortunately the lowest common denominator tends to do really well on that platform... hopefully Steem can be smarter and a bit more selective.
You bring up a great point...while the system isnt perfect, it is there for a reason.
We can see the good points to it also.
While some might get carried away, others use their power wisely.
There are going to be some growing pains...no system is without them. Over time, we should see some of these issues go away as we see the size of this blockchain grow in numbers.
I honestly see it as extremely motivating... I can't wait until I'm hitting whale numbers so I can influence the type of content I like to see on this platform. If we all work hard enough, the Steem blockchain really can be what we want it to be.