RE: Not My Meme! #1088
You are viewing a single comment's thread:
For the record, there's no rule that stops an account from using its earnings especially when earned genuinely.
I crack my brain to come up with contents which gets upvotes by other accounts that like what I do.
I also support and have supported the block chain from time to time.
I can't and won't be poor just because I take what I believe I worked for. You're not a god of poverty, so you shouldn't generalize.
I asked because I thought I had broken some hive rules but since that's not the case then I am at peace. You can keep following to downvote all you want...soon hive will turn into a dog eat dog community rather than a people focused community and you guys will be the ones to blame for that.
Downvoting is as much the duty of curators as upvoting.
There are no bad posts, only bad curation.
There is a mistaken impression that downvotes are the opposite of upvotes. They are not. The opposite of upvotes is no vote. Downvotes actually are taxation, and taxation is theft. On Hive, anyone can tax you to the limit of their stake, which is utterly unworkable economically. Just imagine if Toyota could tax Ford like that. No one would make any products when their competitors could just tax them like stakeholders on Hive can.
However, downvotes enable substantial stakeholders (who mostly mined their stakes back when Steem was starting) to maintain a bare majority of stake, and thus control the witnesses and govern Hive by determining what code the witnesses run. By this means the current ~36 whales have maintained that bare majority since Steem advented (outside of the Founders' Stake, which did not vote for witnesses until @ned sold to Sun Yuchen, which enabled Sun to unilaterally govern Steem, and caused Hive to be forked) to this day, and extract >90% of the inflation from the rewards pool.