So as the saying goes...."Pigs get fat, but hogs get slaughtered" may not apply in this ecosystem. I see the whales as "retirees" having paid their dues in the beginning in their working years, but sucking the future generation dry the longer they live, and ultimately absorbing more than what they originally paid into the system. A type of economic behavior I suppose with flawed incentives with real negative ramifications. Change the incentives and you change the ecosystem. Ok...I'm just rambling now.
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An interesting thing that I wasn't told until I had been here for months, is that the majority of the major whales acquired their fortunes through mining, not investing money. So perhaps the people who worked hard to build Steemit may have invested something of serious value, time.. But most of these other ones simply used a bit of electricity to mine a shitload of STEEM while the difficulty was really low.
For me that makes what they are doing so much worse. So fucking greedy, and just downright disgusting. They already made a shitload of money for not much work. The content creators are putting in tons of work and getting nothing because of the greedy games that some of the whales are playing.
It's incredibly selfish, because if they just made an effort to curate the best content, this place would be so much more attractive to both creators and curators, then we would have a shitload of people come here, and they would see their wallets increase in value, as well as everyone else's, as the value increases. But everyone else's matters not apparently.
There's no good reason to do this. Not unless they all have some insider knowledge that Steemit is going to fail. If that is the case, then the vote-buying bots could be a way for colluding whales to siphon as much wealth out of Steemit without the need to power down, thus ensuring not to cause a panic and have everyone else start powering down. That's obviously a bit tinfoil, but, hard for me to see a good reason why they would be damaging the chances of Steemit's success so brazenly and stupidly when they have major stakes in it.
Now I am also just rambling.. So I will shut up. Lol. But this place is no different from the world outside of Steemit. It's just a little sad, because it really could have been.
Thanks for the exchange and the additional enlightenment provided today. I am hoping that this whole system isn't a MLM style pump and dump. I have a relative who's made a living from getting in on the ground floor of MLM's knowing that they will eventually fail, but there will always be another one to launch another money grab for a few years. So how long are you holding out hope?
What is MLM?
And I think a pump and dump may just be an excellent way to describe what is happening here.
MLM - Multi Level Marketing companies.