RE: Why I am negative to "WhaleShares" and believe it will be another "RewardPool-RAPE" for #STEEM. by thejohalfiles

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· @thejohalfiles · (edited)
$0.59
Possibly. I agree to some extent there brother. Time will tell. Also a higher price of steem may cause a different factor in this as well...not sure.
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@calamus056 ·
$2.17
That's what i mean with too early, the price of STEEM is so low right now that whales aren't selling to even out the distribution.
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@aggroed ·
As the price of steem rises though the distribution gets worse.  As a net percentage it won't change just due to price, but the amount of fiat that separates the 1% of people that own 90% of steem will make it harder to level that playing field.
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@calamus056 ·
Hmm good point, so SteemIt is more of the same then. Just like the world we try to leave behind, on SteemIt the 1% own 99% of the power and there's nothing we can do against it.
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