I wrote about something similar here: https://steemit.com/steemit/@dailybitcoinnews/ai-would-improve-steemit-and-make-this-the-best-system-of-the-world

I see whales (although not all of them) are flawed people who don't deserve that sort of power "steempower". It's really unfortunate, but their greed is what will destroy something that would have been something profound for Mankind. I propose one solution that would be to knock them out and replace them with an AI system smart enough to be like the whales, but dish out rewards to legitimate blogs pertaining to how well done it is - and how it could feed off of upvotes. There's all ton of perimeters that could be implemented, but perhaps my thinking is too far off in the future. Still, to have an AI system which understands human beings and can automatically detect it's quality would be one way. If not AI, then have something else along the lines that would correct this flawed whale system, because all it's going to do is ruin this place. No one will want to take the time to put their content here. Also, I think some of the down price has to do with Bitcoin's ups and down behavior. With all of this said, this is in Beta, and there are growing pains - the people on this site have been only, but profound individuals, so that's still worth it to me to continue pulling and pushing for #steemit. Thanks for posting.

I am very inclined to agree with you all on this subject, may I also say that your article is extremely well written. Already awaiting the next piece.

I don't think it's big deal. If you look at the price of other altcoins, the price usually starts low, goes to a big boom and then falls and stabilizes. It also resembles a 2nd order dynamic system response to a step input.
Of course, some events can make the price go up again but probably won't go back to that peak so easily.

> I wonder why steem decided not to evenly distribute voting power during this last fork/update?

Why it should?

Being new I don't know what happens when you power down, I see the button to power down but what does it do?

The steem price is dropping because the whales are cashing out. It's that simple.

this is my impression of me and steemit,


https://www.youtube.com/watch?v=P6WD7B_I_9c

I agree. Voting power should be equally distributed. I'm still a minnow, but it is discouraging when I upvote posts and it is still at $0.00. Even $0.02 would be great. I also see posts who get like 67 upvotes and they are only making $1.35. Then I see another post with 30 upvotes that has $156.57. An egalitarian system (as proven by just about every country in the world) will never succeed in the long run.

I still believe in Steemit. I just wish the developers started seriously discussing these issues about voting in public.

>I also noticed recently some whales are powering down.. 

You can watch this in action over at www.steemdown.com

Thanks for sharing. I wouldn't be to worried about the price. Technical Funds are selling STEEM short. The Commercials are buying. This will end soon. Its nothing to worry about. Happy to upvote. Check us out on [Twitter✔](https://twitter.com/StephenPKendal). Now following and looking forward to reading more of your posts. Cheers. Stephen

The price has been and will continue to crash because the whales are powering down. Look at http://steemdown.com/

In particular the dev account steemit is powering down. This account still has over half of all of the supply of steem. Steem is extremely centralized and this is why some people think Steem's a ponzi scam. 

Next, if everyone had equal voting power regardless of the size of their wallet, the system wouldn't work. It would be abused by mass account creation and bots. Not to mention you'd also take away the purpose of Steem Power.