RobinHoodWhale: Who Really Benefits?
RHW = Robin Hood Whale
The Truth of a 'Community-Backed Whale'
To start off, whales already upvote unknown users, and several of them have outsourced curation to dedicated steemit members (e.g. blocktrades).
So, there is nothing novel nor is there anything significant with what they're offering.
Note: "10-20 posts daily" will be upvoted. There will be no widespread steemit-wealth distribution
Though this alone is not a problem.
I'm sure Steemit would benefit from more whales that upvote new material.
Just want to start of by reducing the hyperbole.
RHW Financials
RHW is funded by Steem members ("investors"), who in return receive 90% of the account's monthly power down, presumably proportioned according to their investment.
The other 10% of monthly power down is reserved for: repholder, instructor2121, kyriacos, (let's assume they are different people...), plus an alleged 7 other anonymous users.
The bulk of their vote value does not come from community SP investment.
Rather, from community vote-tracking (users auto-upvoting everything RHW upvotes).
They of course will retain all SBD earnings from their vote-tracked (and community SP funded) posts.
Liquid assets from RHW post rewards might be held back by the curator team at their sole discretion.
The community investment in SP is completely unnecessary for its stated purposes.
An account with 3 SP that gets vote tracked by sufficiently valuable members would serve just as well (considering the amount of SP necessary to gain significant voting value).
And through posts on its blog that account with 3 SP would accrue SP anyways.
This investment of SP into RHW is really just a vested investment in expected SP rewards of the RHW accounts.
To clarify: RHW's SP pool must gain 10% value to recoup your investment.
Users must be conscious of this when investing in RHW SP:
This is strictly a financial investment.
If you have no reason to expect the fund to make over 10% (in the currency which your principally use, i.e. $ -> BTC -> STEEM) , then it is not a sound investment.
Why do RHW encourage users to invest in its SP?
Because they take 10% commission of invested SP.
Opinion
The true beneficiaries of this account are the RHW.
It's an inefficient and centralized way to distribute vote wealth, which could be replaced at zero cost (i.e. without asking users to invest SP) with well-designed vote tracking..
They pay themselves 10% of monthly power down, and at any point can benefit from vote-tracking to guarantee several thousand dollars a day.
This is the reward for the toil of up voting 10 posts per day....
If you still want to support them, it would make sense to track their votes only.
Investing SP into their pool, only helps you to lose money (unless you have a sound reason for expecting the fund to make over 10% value).
Yeah man, why can't everybody just let things happen organically. All of it just comes across to me like how to control things here, just in different ways. If whales want someone else to do it for them then someone else should be the whale... no offense to whales. Or, move more people up to whale status however that works.
Spot on.