We constantly hear from other users how whales are abusing the platform and yadda yadda. The thing I think many users forget that this is a blockchain. Which means like any other blockchains, an individual can create multiple wallet addresses and that's what accounts on Steem are... wallets.
Finance Capital
Like any other blockchain, early adopters, individuals or a group that has capital can accumulate many tokens from investments.
Other tokens are dominated by those that have the capital and resources to run mining farms or simply invest. Many people organize together to increase their holdings to accumulate more tokens and gain influence and power in whatever blockchain ecosystem they are in. Which is what we see with exchanges, business vendors, and other platforms do. They are working together with other individuals or what some of you call it "colluding" to gain an advantage in a competitive, free market.
When users vote on content, their influence over the distribution of the rewards pool is directly proportional to the amount of SP that they have. Users with more SP have more influence on the distribution of rewards. This means that SP is an access token that grants its holders exclusive powers within the Steem platform.
If you don't agree with how things are on this platform, then invest in STEEM so you will have more influence on this platform. Otherwise, purpose solutions or improvements rather than bitching and moaning. "Money Talks".
Steemit, inc should...
Steem is not YOUR platform. It has a consensus algorithm where the community comes to an agreement on changes to the Steem blockchain.
Conceptually, the consensus algorithm adopted by Steem is similar to the consensus algorithm adopted by companies throughout the world. People with a vested interest in the future value of Steem vote to select individuals responsible for including testimony in the public record. Voting is weighted proportional to each individual's vested interest.
So if there are things you don't like or agree with on this platform then perhaps build your own. There is nothing stopping anyone from developing their own platform. The code is open source.
I constantly hear "Steemit should add this" or "Steemit needs that". Steemit, inc has their own strategy and is working at their own pace. If you disagree and want a particular feature right now, then go build it.
Steem is not only Steemit.com. We should want different frontends and other platforms using the Steem blockchain and not just Steemit.com. Not everyone is a blogger or uses social media and we shouldn't limit ourselves to just one website. @ned knows this and states it in the video below about why they are creating SMTs. At around 0:47 mark, Ned says:
"I don't want to continue just to do Steemit.com and continue just getting ahead of everyone else. I actually want other people to show up and start doing the same thing because this has to be an internet-wide revolution, not just a single site. We need everybody to have the power to do this."
It's one thing to share opinions and give constructive criticism but when there are users that are constantly trying to complain about things on the platform when they don't even understand what's going on, it just sounds like a bunch of crybabies. Luckily, we have a "Mute" button...
Image Sources:1,2
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I agree, I wanted to search steem differently so I made http://searchsteem.com, it's a work in progress, but you gotta start somewhere and just build it yourself! :)
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@staticinstance this is the type of actions the steemit community needs. Doing things with actions, just as @bitcoinparadise mentions. Instead of critics, we need actions that have improvements of things. At the end evrything can be made better time after time. Steemit is a great platform and will definitely continue improving too. Upvoted. @gold84
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Agreed, Steemit is a great platform that has so much potential! I can't wait to see / help create the future of Steem! Thanks for the upvote!
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@staticinstance I definitely agree. This is the first time in history and the only time in our lifetime that we'll experience growth alltogether with this amazing platform that is creating FREEDOM and regaining power to the hands of people, and will help cryptos to go mainstream while disrupting the current social networks systems. Upvoted. @gold84
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That's awesome man! Thanks for contributing to the growth of Steem!!!
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Thanks! Steem is an amazing technology, and fun to work with. I have much to learn about it, but the more I learn the more fun I have. I'm inspired by so many of the projects built on top of it and look forward to building more of my own!
Here is a link to steem-js, which I think is the easiest way, for anyone who wants to get started working with steem https://github.com/steemit/steem-js
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I wanted to easily search for a user, now I can just enter the username and press the user button
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I can also search for posts via multiple tags, if you want something make it happen!
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Perfectly explained, loud and clear.
Steem Power is the key!
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It's all about the SP baby! :P
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Steem Power! Let's do dis!
Upvoted
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What's your opinion about the self upvote mechanic? Do you let high sp people reward themselves for making some random nonsense post?
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Here's the thing about self upvote, due to Sybil attack an individual can just create another account and delegate or power up the account and vote up their own post that way. They have the stake and an individual is free to use their stake how they want. The more SP the more say an individual has on how the rewards get distributed. So if you don't agree with that then power up on STEEM and we have the ability to downvote those kinds of posts to re-distributed the rewards. If you don't have the stake, then not much you can really do.
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Point taken, and enough ways to play the system ofcourse. Still find it very lame though and hinders me investing much in it honestly. Thanks for the article and response.
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You know, I was the same way when I saw self-voting but it's a competition for the reward pool. The self-voters that have a large stake have more to lose than those that don't have much. An individual that has an investment in the token should receive more benefits than those that aren't helping with the price.
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Great post, though I wish I had more money to invest XD
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You'll get there. Just keep posting and learn the different ways to increase your stake on Steem and through crypto trading.
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Wow nice laptop
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Nice
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Very informative and educative, thanks
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Finaly somebody said it! Thank you!
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Amazing post...
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Congratulations @bitcoinparadise! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
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Nice info you have just share here....thanks for the information, I will study and look into it.
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Nice info dear @bitcoinparadise
Thanks for supporting on my posts. Keep it running always and mee too.
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Probably they're crying about it because it's easier to tell what you don't want than what you want. At least for the biggest part of the society.
Keep on sharing your perspective!
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@bitcoinparadise great post, I totally agree with you. This is open source. Intead of making critics, those people need to make actions to help improve the steemit community and add more value to it. thanks for sharing. just upvoted. @gold84
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Beautiful in the vote pake peers
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Nice opinion on this one.
And indeed there is a big difference in offering advice and your plain ol' whining.
So how much in your opinion do you need to invest in steem before you get back some influence from it? What kind of amounts are we talking about then?
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Well, a lot of the top influencers have invested thousands, if not millions. There are also those that were early adopters and mining in the early days. So usually those with large stake have the most influence on the platform. They can affect the order of the top 20 witnesses that decide on what changes to the blockchain are acceptable.
It's not much different with a company. Just because you work there doesn't mean you have a great deal of influence. If you are invested a lot in the company then you would have more influence.
So depending on how much influence you want on the platform, a lot of users tend to look at other users wallet to get an upvote from them.
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Good one, seeing steemit as an active company with similar structure.
I didnt mean THAT amount of influence, just for a simple user to function. I'll work on my resume and get promotion when the time is there
Thx for your extensive reply!
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