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RE: How does whaleshares differ from steem?

in #whaleshares • 8 years ago

Thanks for the medium suggestion. I hadn't thought of that.

Isn't a more fair distribution of stake a substantial improvement?

I suppose in the end, only time will give us the answer to this question.

8 years ago in #whaleshares by
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       8 years ago 

      To answer your question, economics is like entropy. Money (value) will always actively seek to consolidate given enough time. Give a room full of people an equal amount of cash and days later 90% of money will be owned by a 1%.

      Unless whaleshares can come up with a totally different tokenomics, give enough years can you'll end up with a top 10 accounts owning 90% of the coins.

      I don't deny that Steem started out bad though. Those who knew of Steem early (and took the risk and expense to mine it) are now the large stakeholders you see around. I kinda just live with it now i guess.