Thanks for your comment, I'd love to know more about the guy in your town, is there any online material where I could do some further reading on this idea of his, I was actually inspired to write this post as I've recently stopped my pension fund contribution at work, even though I was only contributing 50% and my employer the other 50% I just felt like since understanding how block-chain works there are countless alternative long term investment opportunities that would be more lucrative than pension funds as we know them, It's an interesting point you raised on the higher calibre of individuals and the hierarchy which has developed in steemit with the whales actually nurturing this platform due to the amount of investment they each have in the platform itself, I hope steemit isn't vulnerable to corruption in future though, would be sad to see it turn into something of a standard ponzi scheme