Steem has not been around long enough to demonstrate that staking is a better option. The people who have whaled were early speculators. With the growing Minnow and Orca middle class, Steem should prove to be a bit more stable.
There are certainly flaws...
What would be your idea for a better algorithm?
I haven’t the experience to opine with any authority. I am not against the current algorithm. I don’t think that it has had enough time to push out the speculators. This is principally because there have been no alternatives. With MEOS in the works, we may hopefully see a migration of the speculators, leaving the holders to their own devices.
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Let's see when MEOS comes out and how it will look like, interesting times ahead!
Agreed. I’ll probably see you over there as I also test the waters.
Posted using Partiko iOS