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RE: Introducing Steem The First Anarchy Mined Coin
Yep... in a sense if you start with a perfect distribution it will only get worse (so users will have an ever-worsening experience). If you start with a bad distribution like steem had at the start, it was so bad that it could only get better (and thus it started trickling down to the users who came onboard). The system wouldn't work without this trickling down because there would be no incentives.
Kind of like matter in the early universe, there had to be inequality so that hydrogen could start clumping together, a perfect spread would have meant that nothing ever happened, as everything would have had an equal and opposite attraction to everything else.
Cg