why the steemit voting system is an upvoting whales club of Tactical Push-Up voting oligopoly
A monopoly (from Greek μόνος mónos ("alone" or "single") and πωλεῖν pōleîn ("to sell")) exists when a specific Whales or a Group of Whales is the only supplier of a particular commodity "Upvote power" , and with oligopoly which consists of a few Whales dominating an Steem system , the overpower to charge overly the upvoting posts . Monopolies are thus characterized by a lack of economic competition to produce the good or service, that leads to a high monopoly profit
Why Whales Ostracism voting tokens "honourable exile" From The Voiting System Is Good For Steemit !
Ostracism can be used as a way of neutralizing the monopoly of Whales voting power , or a potential voting power corruption on Steemit system ..
What Are the Reasons to Stay On Steemit
Posting Rewards
Earn STEEM every time you post content valued by others. ............Fail
Curation Rewards
Earn STEEM by being the first to upvote popular content ..........Fail
Commitment Rewards
Steem rewards long-term commitment! ............Fail
Savings Rewards
Steem Dollar rewards bring stability to you ............Fail
Mining Rewards
Earn STEEM by joining the peer-to-peer network and validating transactions. ............
Market Maker Rewards
A free STEEM / SBD exchange that pays you to trade ...............
The naive voting process of Prisoner's dilemma in a Quadratic Zipf's law Lottery function ..
Ok, @dan ... I figured it out ... why the Curation and Author rewards is so small ....
its after death rewards .. is the concept of a realm ,continues to exist after the death..
The afterlife rewards is the concept of a realm, its after death rewards
https://steemit.com/epic/@accessvirus/what-are-the-reasons-to-stay-on-steemit
Steem is a blockchain-based social media platform where anyone can eat small fish
Join the the natural interconnection of food chain , what-eats-what in an relative species abundance distribution
Species at the bottom of the food chain, such as small fish and other abundant organisms , are consumed for biological resources .
higher up in the food chain whales richness and dolphins diversity having long life spans with optimal environmental conditions , At the same time small fish is at risk of extinction .
Steemit needs Rewards revamp
I propose a reward limit consumption algorithm for post that already have high pending payout .
To Be Continued.....
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Blog Posts
Great post, deserves a LOT more attention but I doubt you'll see any whales voting for fear of exposure.
whales is in a stage of Nirvana dream , whats why steem have lost 200 million market cap...
As I explained here
It's not the whales ignoring you, it's the trending algorithm ignoring you because a whale hasn't noticed you and bothered to toss an upvote your way. You feel locked in a dungeon because you need a mod to come unlock you so you can level up and keep playing. But there are way too many of us and not anywhere near enough mods. No one is commenting about your insightfulness because no one is seeing you. This is literally a couple lines of code to fix.
Upvoting you because this is an important topic to discuss, but I disagree with your conclusion.
i don't know whats the problem with trending algorithm i am not a programmer , but the voting system don't work , is like oligarchy lottery ... i am trading FOREX for 8 years , i know to read the charts , this steem sell off is problem off voting system , and poor distribution of steem .. this must be stop ..
They vote for what they like... Do not be envy
are you on the list ? ...
