Steemit. Have a thought for the Investors. They have suffered worse than anyone.
Acknowledgements
Firstly, thank you to the several people who have been outstanding welcomers and who have not viewed my posts with scorn but have accepted and appreciated the approach I have taken in coming to my conclusions. ( @krnel and @stellabelle have been stand-outs.)
There are several accounts into which I have looked and the role of the investor has been a very interesting one. Today a very helpful submission came from a user called @investors. STEEM TOP 1000 Alltime Investors.
I was surprised that there were so many. I was also somewhat startled at the amount: over $6.5 million. I had no chance of scrutinising them all so I went through the top twenty.
These are the results, though the information provided by @investors is horribly wrong. The true figures are actually worse as these Estimated Values include all the Rewards granted via the platform. There are also inconsistencies in these figures as the graphics show. The raising or lowering of a balance in an account does not tell the full detail as there may be transfers involved, not just sales or purchases. Multiple Accounts seems to be a very undesirable feature of steemi.com
In response to another user questioning the validity of the data, @investors admitted to having been made to write the post by the ‘whales’. I am not sure as to whether this is actually true or not.
I see that there are, in fact, two investors in the top twenty five accounts: @hendrikdegrote and @thejohalfiles (at 22 and 25 respectively).
There is at least 64% of voting power in front of each of them. Their chances of influence would not really stand a chance. So is the Game of Control, though it sits uncomfortably in this scenario of Social Media.
I find it hard to countenance the superior weight of a month's mining over the value of cash of such magnitude. Maybe the deal was well spelled out and understood. The value of the steemit account as a Blockade is understandable. The level of influence potential of the Trading Accounts is just wrong unless it is fully explained and benign.
The rest of that top 25 should be outed and vilified for what they have done to the value of investors cash. It is beyond worthy of the sack. It is worthy of the label 'malpractice'. A thorough investigation of purchasing at the current low price would seem appropriate.
Were I a miner of steem, I would advocate an immediate redressing of the balance. The treatment and results endured by these people should warrant an enormous debt of gratitude. $6.5 million!
I'm afraid these numbers I put here are not correct, but I suspect that steemit is reflecting the numbers and inequalities of the economy of general society.
1% of users have 99% of Steem.
99% of users have 1% of Steem
Is this true?
I would like to see some comments that can confirm this or not.
use the http://steemtools.com
Just be careful most are still alpha, good ideas but underdeveloped and some are already unsupported.
According to steemwhales - these are the figures - dolphins and whales make up 99% of everything except authorship
I strongly recommend to google the concept of sarcasm...
Hello "stranger" :)
You are following an interesting approach here. The message you´ve addressed to all of us in your intro post is: 'I hope the system will change.' That´s quite cheeky for being a (supposed) newbie :)
I will start following you when you start aligning your focus with the solution instead of the problem - that´s my way of demonstrating fidelity" ;)
Showing us numbers we already know, won´t change anything... Investors might thank you for your empathy, but that´s all.
Steem on!
Hello there, I like that everyone seems to think I have reincarnated somehow - I am simply observing the organic nature of the platform and seeing the way it is working - or not, as the case may be.
I have made suggestions, contrary to your suggestion. Such that one might find a position from which to make a suggestion, comprehension of the nature ans extent of the problem is generally advisable. The intensity and the corollaries of the problems which manifest in this environment are blatant, though there are some threads which require closer inspection.
From the feedback that most people have given thus far, few are aware that the rewards pool has been distributed quite as unevenly as it has. As I mentioned in my initial post, any organisation which awards 98% of its earnings from its output to 4% of its people has a tough job in surviving with any degree of integrity - it is not the conduct of a civil organisation.
I have been following the platform for some time now and the performance of the power holders is a laughing stock in management circles.
I would consider presiding over the loss of several million dollars of investors/shareholders funds a fairly serious business. Being cheeky does not come into it. Losing several million dollars of other people's money through personal avarice is anti-social in the extreme, would you not concur?
As to being a 'newbie', I shall take that as flattery. At my age, being new at anything is an unusual experience. Being new to observing malpractice, I most certainly am not. I do hope you have not invested your own money!
Fidelity means trust, by the way.
Have a good day.
Thanks for your detailed reply. Yes, I know what fidelity means. No, I have not invested because I am in the lucky position not needing to invest money. My reason to be here is not economically driven. I enjoy writing, interacting, communicating. I wonder which one is yours? Takeover steemit? Save the planet? Find some friends? Everybody pursues something, so what's your goal here?
I wish I could see more of this and more of you but you seem to have made your points at most you are silently watching at the least you were here for a while :) by the way the developer you mentioned is resigned now as of yesterday.
Ahoy @j3dy.
I have been away for a few days and longer than I had anticipated. I just checked to see my in-tray and there was your kind message. I started to get a rather different set of resonances in the responses to my publications and so thought that watching from afar would be a more peaceful occupation henceforth.
The stirring of trouble is not my pastime of choosing. Of covens and witchcraft there is ample sufficiency. I feel confident in my belief that there need be no extra servings.
Who is the developer fellow to whom you referred? I hope it was not the friendly policeman, Mr Cliff, I think it was. He seemed nice enough, though a little wrapped up with rules rather than progress.
All the best to you
hey there,
It's good to see you around that is the best way to do moderation, let the kids shoot themselves in the foot all they like, wait for those not stupid enough t walk out and join you in the distance :D just joking, but there are some experiments and flag wars that have gotten me to step out and gain some perspective.
I was referring to @dan, who is one of the head founders, he was CTO until a week ago, the actual team is quite small, all the policing and everything is a different subset of mostly members who went on their suited niches :D
Everything is allowed and so far the scales are being weighed, it seems the whole platform is a experiment that has been going on since the start :)
There is a standing problem at the moment and that is the HardFork, 0.17 if you could take some o your time and get into the nitty gritty details I'm sure your insights will help out, the downside is that the argument is huge and I for one still can't get on top of it, you can check the @steemitblog for the actual state of things, if you wish there are at least a hundred comments on the topic all with their own posts and comments :D, there are a lot of users after all.
The fun part is.. I can't remember where I was going with this, but everything here is saved even unfinished comments, still I was checking back to see if you were active, anyways best of luck :) There have been some developments on the blockchain, a few forks and we are expecting a newer version. Also EOS the new development tool has been announced and dan is working on it. All that is probably irrelevant to you so nevermind.
You really know how to get the whale votes. ;)
I don't really want the votes, I am looking into the structure, the system, the organics and the mechanics - it is making for an interesting case-study of what not to do - and even greater exercise in denial ramifications - the reward pool, the treatment of the votes and the hidden wallet movements are the keys which is where the secrets are hidden - multiple accounts and robotic voting processes are the bane of the system. They would be fine if this were a game of world domination but it is social media and so there are flaws.
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