RE: My flagged posts
I feel like he'd make much more impact by just upvoting content he likes. Rules about reward vs. views are better enforced evenly and fairly in the platform. I mean if someone doesn't like that a small number of views could result in a substantial payout then maybe he is actually questioning the whole ethos of vote impact relative to a voter's STEEM.
Maybe whales should not be able to upvote 100% and the more power they have the less the maximum upvote? That would encourage them to do more voting and spread it around (to be honest I don't know what the voting patterns of whales are, maybe they already do this). The same should apply to downvotes too - why should a few elite yield so much power perhaps because they just invested a big pile of $ into the platform or got lucky early on. It just doesn't seem very egalitarian to me, much more authoritarian and as such I think it is fine for someone to post as much as they want about a perceived abuse of power.
Regarding whale votes, they vote differently according the the stake of the votee, generally. If they are voting for a whale, they vote with more than 50% of their stake weight, but if voting for minnows, they vote at 1% or so.
Again, oligarchy rules.
It is for this reason, amongst many others, that I find @transisto's claimed reason for flagging here incredible, as in not credible. If he really wanted to 'share the wealth' and decrease the sucking sound we hear as the rewards pool is drained, he'd be flagging whales.
Does he? NO! That would endanger his precious ROI; his sacred stake.
Money =/= mouth.
@jerrybanfield wrote a post a few months ago about voting patterns. It was horrifying and made some of the whales publicly change their voting after that.
This was when I decided to ignore the whales and focus on the minnows and bigger but still-small fish. There are less than 100 whales I think, and they are all up in each others business. There are about 5000 active people total - not including bots. It's unknown if you can survive here without whales, but I will do my best.
I have several friends actively "sucking up to whales" as their way to succeed here. They are all doing much better than me so I'm obviously not worth paying attention to.
Thanks. Very helpful comment, the kind of good interaction that makes me appreciate Steemit but ironically it's about the bullshit infighting, pandering, and shenanigans of and to the Steemit 1% that makes me question the platform's long term potential and viability.
My best guess, when you build a system that replicates real life distribution of power to the wealthiest then you end up with a system having all the same faults as real life.
I'm with you there. This is more of an oligarchy than out in the real world and that is saying something!
"Shenanigans" - I cannot believe how much I say this word in regards to steemit! I used to never say it and now it's basically daily!
Also, most of the Steem that exists was mined, not purchased, or earned as rewards. IIRC, this is where @transisto's stake came from.
As you say, he got lucky early on, by discovering and managing to get in on the mining we cannot now.