But the fact is that STEEM is now competing with GOLOS, and to change the "N-squared" to something a little less rewarding to the whales, may cause a whale or dolphin to hop into a smaller pond with an entirely radically unique payout concept :
"(Subjective POW(N^2)"
The STEEM curve would appear a flaccid pNi2 in comparison to the mighty N-squayred!
"unlike anything else (any other crypto coin) on earth"
That's just a fact to consider or ignore:
Which graph most resembles our current debt based currency incentive we all choose (without full knowledge of magnificent mathematic improvements) to INVEST HARD LABOR into?
A good STEEM writer wants to attract BOTS and human followers alike!
We're not all that much richer than our brothers who are about to lose it all!
All this talk about softening the whales pay might cause an out break to GOLOS which is not that far behind STEEM. How are THEY allocating their excess reserves?
Fact is that STEEM blockchain runs so efficiently that it can afford to hemorrhage cash and the whales don't want to disgorge their horde at $30 million marketcap. I'm hoping for cheaper, but volume has dried up..
Whales can stop the leaks whenever they want, but why would they care if like a cartel, they are all happy with their current disposable income. STEEM as a business it is then. Try to provide subjective value, but you will soon learn that it takes effort to contribute. And it's not that the average joe is lazy, its that he is just plain old tired from trying to buy the basics to eat.
The lazy minnows in life don't have a chance. and why should it be any different with STEEM-life?