What does the term "Reward Pool Rape" means to you? One thing for is for sure, it's bad for steemit and some steemians because it is defeating the aim of Steemit Conception and Inception.
I was on the verge of giving up on steemit when i stumbled across a quest by @jphenderson on why i like the idea of whaleshares, little did i i know that i was threading on a thin line of complexities in the system.
Be it EOS, Golos, Whaleshares; can we all imagine the effects of a third party system on Steemit?....Steemit is automatically relegated to Middleman!
Right now we have 1,723,060 STEEM in the reward pool worth $2,151,495 USD on Poloniex...... @fyrstikken.
Does this figures means anything to you? My interpretation of the figure is simple- We are running low on resources!
Imagine if i bring 50 people from Nigeria on this platform, and you all bring 50 people each per week from where ever you are, a decline in STEEM means each of this potential new steemians won't be allocated Steem Powers to get functional.
There is a case i seriously need explanation from Steemit Technical crew about a friend of mine i cajoled to join steemit @the-commentator by his choosen name whom has not been activated to be functional on Steemit after two weeks of signing up, Could this be as a result of low STEEM in the Reward Pool? Then imagine each of these new potential new steemians getting this disspointment at the start of their Steemit career, does that speak well of our system?
Several cases like this are still pending, but with my little knowledge of Mathematics; insufficient STEEM means new users will not be acomodated into steemit. If my interpretation is false, then i need some higer power or anybody to explain some other implications of a low Reward Pool. I am no expert or a tech/programmer but i just deduce my results from a whole lot of reading i did to the best of my understanding.
Another Hardfork is around the corner and we all waiting eagerly to see inprovement on the linear curve with it's effects on rewards. My take is, can any modification be done to Whaleshare system so all users can benefit from it bit it big or tiny fishes? The Modus Operandi seems fine but i think it's limited to only the elite: if you know what i mean.....
Steemit is the "God Father" and so it shouldn't be a middle man and i strongly believe the founders of steemit @ned and the crew will like it to remain that way, buying a vote will not improve the system, my 100% support or against these projects is Nil, as it is such a dare complex topic/debate a small fish like me will spark on Steemit.
Finally with all due respect to @officialfuzzy and his crew, i know you had super good intentions with your heart in the perfect place, so i will like not to be caught in a Crossfire before Cease Fire!