RE: Whales upvoting newbies to keep them on Steemit?!?! by scorer

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Viewing a response to: @src3/whales-upvoting-newbies-to-keep-them-on-steemit-v3l0ovzp

· @scorer ·
> They upvote your posts and keep newbies damn motivated and eager to buy new Steem etc...

Probably, yes. Because smart whales understand that this is the only way to create demand for STEEM and price to go up. 🤑

But the core issue is that STEEM blockchain does not have a working economic model, Steemit is crippled and nobody works on improving it. Some forks work on it, but they do not have enough investors.
👍  
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@src3 ·
Indeed, they wouldn't be whales if not for being smart! But why do you think the model is crippled?

Posted using [Partiko Android](https://partiko.app/referral/src3)
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@scorer ·
It was written and discussed on Steemit for many years already. Here is my short take:

It is not profitable to be a STEEM hodler. System punishes investors for locking their funds in Steem power. Those who hodl want to compensate it somehow and start to drain the reward pool, and those who create content get out of STEEM and sell it as fast as they get it. As a result nobody wants STEEM as an asset, the price goes down and everybody are upset.
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