I have been thinking a lot, lately, about the Voting System, Rewards System and especially the distribution of Steem Power. (
) has done several posts on the subject and the devs and whales like
,
,
,
,
are working feverishly on trying to distribute SP to more people so that more people have Power behind their votes.
It is a crucial element to Steemit's long-term viability that more people have Steem Power so that more quality content from a larger source of author's reaches the masses (front page). So the fastest way I can think of to distribute Steem Power is to allow it to be Gifted (from one user to another).
Q. Why would Steemit allow "gifting"?
A. It would allow rapid distribution of Steem Power!
Q. Why would anyone "gift" their hard earned and valuable Steem Power?
A. Because having 1,000 Dolphins that can upvote content instead of a few dozen whales will increase the value of Steemit.com, increase the attraction for new members, raise the value of Steemit's Market Share as well as the value of Steem Power, Steem and Steem Dollars.
Q. How would Steemit implement such a feature?
A. That is easy, add a "Transfer" feature to Steem Power just like Steem and Steem Dollars currently have. Shouldn't be more than a few lines of code to enable such a feature.
Q. How should whales distribute their Steem Power.
A. Ideally they would take the Total SP in their wallets, divide it in half (keeping half for themselves) and then distribute the remaining half equally to 100 Users - checking to make sure no one else has "Gifted" a large amount of SP to those 100 users.
Q. What advantages would this have?
A. Well if the top 50 whales "Gifted" half their SP to 100 unique users you would now gain a whopping 5,000 Dolphins that could upvote content and actually make a difference in the visibility of the content as well as the financial reward to the Author of the content.
The Math:
| Top 50 Whales | |||
| Whale Name | Total SP | Distributed SP | Amount per Giftee |
| ned | 3,927,621 | 1,963,811 | 19638.105 |
| dan | 3,054,029 | 1,527,015 | 15270.145 |
| blocktrades | 2,522,910 | 1,261,455 | 12614.55 |
| jamesc | 2,179,259 | 1,089,630 | 10896.295 |
| ben | 2,078,349 | 1,039,175 | 10391.745 |
| berniesanders | 2,057,367 | 1,028,684 | 10286.835 |
| smooth | 1,977,346 | 988,673 | 9886.73 |
| dantheman | 1,740,951 | 870,476 | 8704.755 |
| Val-a | 1,903,527 | 951,764 | 9517.635 |
| poloniex | 1,354 | 677 | 6.77 |
| mottler | 1,420,165 | 710,083 | 7100.825 |
| tombstone | 1,271,734 | 635,867 | 6358.67 |
| steemed | 1,096,136 | 548,068 | 5480.68 |
| itsascam | 1,050,181 | 525,091 | 5250.905 |
| rainman | 1,035,842 | 517,921 | 5179.21 |
| Val-b | 960,001 | 480,001 | 4800.005 |
| Michael-b | 944,929 | 472,465 | 4724.645 |
| Michael-a | 881,328 | 440,664 | 4406.64 |
| summon | 887,524 | 443,762 | 4437.62 |
| blackjack | 681,964 | 340,982 | 3409.82 |
| bittrex | 1,354 | 677 | 6.77 |
| pharesim | 587,654 | 293,827 | 2938.27 |
| cloop1 | 546,368 | 273,184 | 2731.84 |
| steempty | 464,706 | 232,353 | 2323.53 |
| abit | 419,986 | 209,993 | 2099.93 |
| wang | 452,230 | 226,115 | 2261.15 |
| firstclass | 450,216 | 225,108 | 2251.08 |
| riverhead | 451,282 | 225,641 | 2256.41 |
| complexring | 452,273 | 226,137 | 2261.365 |
| skywalker | 430,918 | 215,459 | 2154.59 |
| roadscape | 426,906 | 213,453 | 2134.53 |
| arhag | 402,017 | 201,009 | 2010.085 |
| xeldal | 423,736 | 211,868 | 2118.68 |
| wackou | 410,406 | 205,203 | 2052.03 |
| fuzzyvest | 405,767 | 202,884 | 2028.835 |
| batel | 403,067 | 201,534 | 2015.335 |
| steemit200 | 390,846 | 195,423 | 1954.23 |
| clayop | 372,539 | 186,270 | 1862.695 |
| enki | 364,515 | 182,258 | 1822.575 |
| witness.svk | 356,688 | 178,344 | 1783.44 |
| freedom | 360,650 | 180,325 | 1803.25 |
| nextgencrypto | 348,894 | 174,447 | 1744.47 |
| proskynneo | 355,692 | 177,846 | 1778.46 |
| smooth.witness | 351,442 | 175,721 | 1757.21 |
| kushed | 345,657 | 172,829 | 1728.285 |
| bob | 331,481 | 165,741 | 1657.405 |
| silversteem | 301,094 | 150,547 | 1505.47 |
| alice | 293,468 | 146,734 | 1467.34 |
| au1nethyb1 | 289,084 | 144,542 | 1445.42 |
| bitcoin2016 | 287,227 | 143,614 | 1436.135 |
| Average(s) | 863,014 | 431,507 | 4315.068 |
That works out to "Gifting" 4300+ SP to 5,000 Fellow Steemians and that is with only the top 50 whales gifting half their Steem Power. If the whales are generous there could be even more Dolphins swimming around in the Steemit Ocean.
Updated Ideas concerning this:
A. Allow only Whales (over 100,000 SP) to "Gift" their SP
B. Require the "gifted SP" be 1/2 their total SP
C. Require the "gifted SP" to be equally distributed amongst 100 Minnows (could be randomly picked by the system or hand picked by the whale)
D. Require that no "gifted SP" goes to someone with 10k SP or higher. (Should prevent multiple whales Gifting the same minnows)
E. Make the "Gifted SP" part of the giftee's total SP: non-transferable or withdrawable (power down) EVER!
PS - Feel free to gift me Steem or Steem Dollars and I will use all of it to "Power Up" further so my little 4-5 cent votes get bigger.