In your opinion, whales who control most masternodes can control the supply or float? Why would Whales really hold a masternode unless they believe in it tho?
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i didn't say whales control most masternodes, i said whales will end up owning a large amount of that coin which then will give them a huge profit for free.
and don't forget that a whale only believes in profit otherwise they wouldn't have become a whale in first place. so what happens is that they come in, make a huge profit, then dump and go out.
and it is not just about whales and control. it is about basic economics and the fact that this type of distributing "free money" is not a good design.
i know a country that banks are ruining the economy by giving high profits (up to 25%!) which is the same as staking rewards. guess what the inflation rate is? hit: it is above 100%