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RE: Whales, Dolphins and Minnows: Why Each User is Important and Has a Role to Play In the Steemit Ecosystem
I think both can happen.
I've seen cases when whale votes create a chain reaction of extra upvotes - apparently more people noticing articles with a lot of $$$ behind them.
I've also seen cases where a large number of small votes "get" the attention of whales and thus they are more likely to examine and upvote it.
As one goes through the newly created list, and checks the last 10-20-40 minutes for new posts, they'll get an idea on what's going on by the small votes. Some will have 2-3 votes some will have 15-20-30. It's indeed the first "filtering" so to speak and an indicator of what might follow. So half the job is done for the whales.
If Minnows Group Together theres power in Numbers. The MinnowsUnite Group On Gli.ph is now 75 members strong.
https://steemit.com/minnowsunite/@cryptohustlin/livechat-join-our-minnowsunite-group-55-members-so-far-on-gli-ph-chat-with-other-steemers
Yeah I agree that both can happen, but Id like to think that whales are upvoting the content most people are enjoying so the site doesnt become undesirable. Ill do a post on this later but in game theory there is an idea that the people at the top could probably make more money rigging the system but if it puts the system at risk for collapse they are going to choose an alternative method that might make them less money but wont kill the golden cow.
It's like bitcoin mining, in a sense. If miners collude to attack the network then the coins they produce lose their value - so the attack vector to "gain", fails as a consequence of their actions which devalued the network.
yeah same idea. Satoshi knew his game theory well, thats why a lot of people think hes an economist of sorts because you can see it in so many design choices in bitcoin.