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RE: Relax People: We Will Be Alright
Great analysis. A fork is inevitable now and may indeed create more value. A centralised chain with great marketing but shallow community and content and a truely decentralised chain with witnesses running full nodes with great community and content.
Sun's marketing of old Steem will end up also promoting new Steem.
I agree @apshamilton.
We also have the ability to push the idea of decentralization to greater heights. Add more Witnesses, maybe 50 instead of 20. At the same time, we can focus upon crypto as opposed to fiat which basically is how the industry operates.
Instead of dealing with centralized exchanges, which obviously further the problem, focus upon generating wealth based upon crypto (decentalized exchanges) via the network effect.
Posted via Steemleo
Moreover, limiting witness votes from 30 to 3 to 5 would be another addition where a powerful holder can't control all the witnesses.
Also, disable exchanges from voting witnesses by code implementation.
If newSteem is created, then the devs should think about these shortfalls so that no such central authority can control a chain such as this.
Posted via Steemleo