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RE: The Number of Smartasses on Steemit is Growing!
I hear you :)
Around 90% of that 25% goes to the delegates to the bid-bots - those with the x million SP already for the most part. The rest goes to the owners, some of whom joined as minnows last year, and will be whales by the end of this.
Whether this distribution is killing Steem/steemit or not, they do not seem to care - Eggs are in other baskets, and have been for a while.
I have my hopes pinned on the SMTs, as I think blogging/vlogging (unless you aim your material at the money - dtube/utopian, will become very tricky to make STEEM from. The hope is that those of us holding SP, will not have to, and companies buying liquidity for their tokens will boost the price.
Chin up eh, loved your recent post :)
SMT's worry me as that type of growth with uneasy UI's to access the foundation flounder.
Yeah I see where you are coming from. I guess part of the reason things are taking so long?
Thank you! I'm glad you liked it.
I haven't read up much on the SMTs until now--very interesting. I wonder how it'll all play out. I don't have the same level of technical knowledge as the rest of you.
One thing that does concern me re: economics of the system is that I don't know how much consideration goes into how fragile this kind of closed economic system can be. If we're not doing this already, I think we could probably benefit from some crypto-friendly economists weighing in when we make policy changes so we know the potential benefits/drawbacks of things like banning bidbots or altering voting power equations.