Where is the Whales

in steem •  8 years ago 

Where are the whales? sumed they go or I missed something?

No matter how many votes? But who votes.

As you can see, I gained 61 upvotes and received only $ 0.08? WHAT?

People give Steem value by working together. The more everyone contributes the larger the pie we share grows. The core idea is that everyone should get a slice of the pie proportional to their contribution.

It would be nice if everyone would be content receiving a fair share, but the reality is that many people wish to maximize their take. These are the people that show up to a pot-luck with enough food for one person, but eat enough food for two or more.

A whale is someone who makes waves in the market every time they move. An Evil Whale is someone whose negative actions dramatically reduce the value of the whole pie.

Good Whales act in ways that maximize the value of their capital. The side effect of their actions is to increase the value of everyone else’s capital at the same time. These individuals are motivated to counteract any abuse they see. The larger the whale, the more incentive they have to be a good whale.

So if a group of minnows get together to milk the system, a single whale can come along and eat them up. The more effective they are at policing abuse the less incentive there is to attempt abuse in the first place.

Good Whales are the primary defense against Evil Whales.


 A down vote is fundamentally selfless. There is no profit for the voter unless the down vote increases the value of their capital. The system as a whole needs to be designed to ensure that those wishing to down vote get the last say.

In other words, good whales running bots to police the activities of evil whales need to have the last say. We have systematically designed Steem to maintain this behavior in every aspectexcept curation rewards.

As the largest whale, Steemit has the greatest incentive to be a good whale. We have more to lose by tolerating abuse than anyone else. Any changes we propose are selfishly designed to maximize the value of the platform which benefits everyone. Some people may suggest that we make changes to increase our slice of the pie, but any rational actor would be foolish to want a larger piece of a smaller pie. We would be quite happy to have 1% of a trillion dollar pie.

There are some people that are upset about potential reductions in their pending curation rewards. We know that the only people that stand to lose from the proposed changes are the reasonably large whales, especially those who have written bots designed to maximize their profits. I encourage every whale to look at the bigger picture and realize that even though you may end up with a smaller slice of the pie, any change we propose is designed to grow the value of the pie.


If you have large breasts write steemit them and will turn success, now if you have own contents you will be much more than simple Mamas.

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The sea (Steemit) Not for whales ..

  ·  8 years ago (edited)

Please see my latest post on this. There are systemic issues with this site that are not going to go away but get worse. The posts on this site are getting more and more desperate. People are starting to pick up on whats going on here. Its no accident. Im done with steemit until its fixed.