You are viewing a single comment's thread from:

RE: Is There Still an Uneven Distribution of STEEM Part 2?

in #utopian-io7 years ago

Hey, im curious more than 'are the rich getting richer';

** Is the distribution getting more or less distributed to the top? Is steem proportionally getting more or less centralized as a network of wealth?**

The rich should get richer if they are helping to build the platform, but I have very little intrest in contributing to a system whose physics trend towards centralization.

Sort:  

I think that everyone who is posting and curating is likely to be getting comparatively richer in proportion to their Steem Power held. Only 1 in 4 Steem in circulation is used to vote, which means that there are large accounts (like the steemit account) plus all the money on Bittrex and Poloniex, that are getting relatively poorer. If you can call having 57m Steem or obtaining huge trading profits poor!

Great point out there. Active users of the platform benefit from liquid Steem held by traders and passive investors.
I always like to point out that Steem has an inflation rate of 10%. (actually less and falling, but it's good to illustrate the point.) If a minnow has 10 Steem and ends the year with 11 Steem, then they are right in line with expected earnings. Anything more than a 10% gain per year (in Steem, not USD valuation) is over performing the platform, and most active Steemians are absolutely crushing a 10% return on their SP.

Then checkout Yoyow:

every user holding the token of a system has the right to vote, with the holding YOYO tokens as thevoting weight.

But here it says about preventing influential accounts from exerting decisive impacts on content voting weight.

RATING_FACTOR = 2, i.e., the voting weight will be doubled by consuming 10x coin days. On this basis, voting weight remains positively correlated with the consumed coin days, which prevents influential accounts from exerting decisive impacts on content voting weight.

Coin Marketplace

STEEM 0.22
TRX 0.26
JST 0.040
BTC 98928.57
ETH 3478.03
USDT 1.00
SBD 3.22