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RE: The Power Of Smaller Accounts On Hive

in LeoFinance2 years ago (edited)

Unfortunately the current setup of Hive ensures that the couple of whales who hold more tha n 50% of all voting Hive are constantly eating up the most of the creator rewards (not to mention most are witnesses)

This has always been true. This ensures that the VERY centralized stake at the beginning of Steem has stayed almost just as centralized, after close to 6 years.

Not to mention that at this point many of the big whales are on an ideological downvoting campaign, meaning they are removing the rewards from authors AND curators who disagree with them. This has also been happening since the beginning, but there used to be more checks & balances with the whales.

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There is no doubt there are some who are abusive in their behavior. Like you said, it is something that was there since the beginning.

However, that does not deter from what I wrote. The smaller accounts, by percentage, can amass power at a much greater rate. When you look at the raw numbers, certainly the whales grow by a lot. But when looking at the percentage, along with the distribution, we do see a change since the beginning.

Putting a lot of focus upon comments can really help alter the landscape.

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