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RE: Paging @dan and others 🐋 's about the elephant in the room : was STEEM distributed fairly?

in #steem8 years ago

Define "fairly".

The launch of the steem blockchain was intentionally made in a way that secures a large portion of the vested steem for its creators, i. e. SteemIt, Inc. This has often been (rightfully) criticized as a form of "premining". An important point, though, is that these pre-mined steem are locked up and can be liquidated only over a period of two years. This ensures that Steemit, Inc. cannot dump their coins and run away. Instead, Steemit, Inc. has a huge interest in the long-term success of the platform.

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