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RE: Guardian of the steem universe : A different perspective on the role of whales within steem ecosystem [ part 2]
The main reason whales are upvoting is curation rewards.
check out how much most whales make in curation rewards and you might change you mind about this position.
I don't think he is incorrect. A large portion of the whale voting power that is actually deployed (largely through guilds and bots) does generate large curation rewards, even if not all individual whales do.