Steem give most of the power to investors.
I'm not sure what you mean by that? From the FAQ on Steemit
- 65% go to the reward pool, which is split between authors and curators.
- 15% of the new tokens are awarded to holders of Steem Power.
- 10% of the new tokens are awarded to the Steem Proposal System.
- The remaining 10% pays for the witnesses to power the blockchain.
So, 32.5% goes to the content creator directly, 32.5% goes to the people that like the content.
It took me a while to think that this was a good split, but it should encourage more "buyers" to the steem blockchain becuase they are rewarded for finding great stuff. With just sellers (content creators) there isn't a reason to create here. There needs to be a balance.
15% goes directly to the "investors" of Steem. Those are the accounts that hold SteemPower
10% goes to the proposal system that pays for improvements to the blockchain.
Finally, 10% goes to the people that make sure the blockchain runs in the first place.
The Investors
So, only 15% of the reward pool goes directly to the investors of Steem Power ON the blockchain.
The Creators
They get 32.5% of the reward pool that their content produces this helps them pay for the creation of the content
The Curators (consumers)
The curators get rewarded for finding and upvoting great content and get 32.5% of the reward pool. This helps ensure that there the great content floats to the top, and keeps curators active because now there is a real reward to find great content when "sorting by new" because they will get more of the resulting reward the earlier they voted for a HIT.
My preference
I prefer the STEEM way. I haven't looked into the APPICs system, or how dApps run in general. For example, what is the example of a APPICs witness? Do they pay for their entire infrastructure including improvements with just 10%?
The Steem way has 10% for operations and maintenance and another 10% specifically for R&D. This is a stronger breakdown for a long term business.
Those are some of my rambling thoughts on the subject. I'm interested to see what others have to comment.
Only the whales with a lot of invested SP decided who is gaining from the reward pool.
If you don't have a whale in your friends, you don't earn anything from your quality posts.
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That sounds pretty paranoid to me. Since this is a public blockchain, and all transactions are recorded on it, can you provide any evidence to that?
If you can, I would be very interested. If you have followed my recent posts you would know I'm not all in on steem and if true I will take my ball and go home immediately.
If true, it would make WAY more sense for me to invest the SP that I have here in paid wordpress hosting and take my work there.
Without proof, I will continue to dabble on the blockchain here and feel it out.
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I is very easy to proove it:
Have a look at @liondani posts. @liondani is a witness who has upvoted your reply.
( I don't know if you know @liondani or not but my guess is yes, you know each others.)
https://steemit.com/jesus/@liondani/many-dogs-have-surrounded-me
@liondani just put a link to a youtube video and got $3. If I do that, I will have @cheetah that will come and tell me " you are posting thing that is not yours, you are a bad boy ! @chrisaiki"
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This seems a little off. The same could happen on APPICS if I went in a just bought up all the tokens I could. I would then have control over how they get distributed.
I went over to @steemitboard and sorted by steempower. The first 25 after removing the ones that have less than 10 total upvotes, have a total of 32,672,724 SP
Then I took the next 100 and did the same thing and they had a total of 25,775,190 SP
So the whale still have more but not really that much.
The top 3 accounts have 59,899,272 SP alone, but have 10 upvotes between them. They have the power, but don't throw it around.
Conclusion
The dolphins and minnows have the real power, but getting them all to agree that something is good, or even interacting at all is hard. This means that it is going to be hard to have large winners at all.
The same will likely happen at @appics when they get bigger, and with the token distribution that they have, it will be harder for them to cope.
Again, all my opinion. I'm still trying to figure out how STEEM works, but I'm a quick study.
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If one whale upvotes one of your post, you get $20 or $30 . If 200 minnows upvote one of your post, you get $1. So a whale is 4,000 times more powerful than a minnow.
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How is that different on Appics? I'm still trying to figure it out.
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I don't know, I just discovered Appics this afternoon. This why I am asking this question, in the tittle of the post. One good thing about Steem is that you get answers to your questions when it is about crypto and social media.
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