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RE: Does anyone else feel like the whales have become a bit too…powerful?
I would suggest that whales consider voluntarily avoiding Powering Up once they reach a certain level of Steem Power and instead just hold Steem or Steem Dollars. In this way they still have huge upside potential as the value of Steem grows but their overall share of the pie will be slowly diluted as new Steem are made.
Great idea, Sean. In a way, it would be like cashing out on their investment, just to keep the perception of fairness in play. Another option might be for them to offer bounty programs and rewards (maybe even a faucet?) where they directly contribute STEEM or SBD via transfers to users who are improving the space or building valuable integrations.
I've been discussing the issues raised in this post in the Slack channel a bit, and I think it's an important issue. Many people in the world have funky definitions of "fair" and won't understand why one person is making a lot of money just because they have a lot of money and another person is working hard, day in and day out creating content which earns comparatively little. I understand some of the dynamics here, and I don't fault the system, I just wonder what it will do to perception and how that perception will impact user acquisition.