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So, it's like rich people (whales and early miners/users who invested little) decides where taxes are going (with upvotes) and not going (with flagging)...

It's that crazy idea that people who invested a lot of money in the system (or were smart or lucky enough to be there early on) get to decide how the system is used.

Or reverse that idea. People who aren't invested in the system and came late should have a large influence on the system?

And if you are going to take the position that everyone have an equal influence, then you are going to have to solve the sybil/bot problem.

I'm not saying how it should be, just how it is.It's not like whales gives their money, that would be tipping. Inflation hits whales and minnows at the same time.
For sure the huge amount of bots it's my main problem with this so-called social network.
I have no problem with rewards / power distribution per se, I have problem with post visibility / popularity affected by stake, that could be solved in the UI if only we had no bots.

Inflation hits whales and minnows at the same time.

Wow, really.. @skeptic wants his logic back.
Ok so, in your eyes, a minnow with an account worth 100$ And loses 10$ a year from inflation is the same thing as a whale with an account worth $100000 and losing $10000 a year.

If you believe that, then I have nothing more to say to you, and won't waste another second on you.

They both lose 10%... Goodbye!

@neoxian got REKT!!!

LOL.

No, not really.