smooth is cashing out roughly $50,000 per week.
Is that a meritocracy?
TYVM for the specific insight into our present and eternally static meritocratic system of crypto-capital allocation.
Yes, this is meritocracy. Embrace the invisible hand; eschew your false preconceptions. Sacrifice them to the God of Empiricism.
Because of your status near the bottom of that objective meritocracy, you are not gaining $50k/week (SFYL).
Hence the uninterrupted fusillade of butthurt.
I won't presume to speak for our clever steem tycoon, but will say I'd put a non-trivial % of that $50k/week into Monero, were I to be in his shoes.
Specifically, my normal allocation for Free Cash is 1/3 Money 1.0 (gold/silver bullion/miners), 1/3 Money 2.0 (Bitcoin), and 1/3 Money 3.0 (Monero).
So I'll try to remember smooth-type Steem whales will, per capita, be putting about $17k/week into Monero, for the duration of the present Digg 2.0+blockchain fad.
You need to stop whining and give your all your remaining money to smooth. Or use it to tip fluffy for that boss-ass pitty t-shirt he was sporting.
I don't care if you need that money to eat, because smooth will do more with his strong hands than you would ever accomplish by flailing and drowning in the altcoin continuum.
Can we re-tune this as, "Idealism profits a man only once, it's a star-struck way without means." Smooth saw an opportunity that didn't meet the fraud test (Does it advertise itself as something else: yes/no?) and made the best of it. He has committed to a policy against fraud, not fools--my question is whether steem is useful?