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RE: Steem - Steemit/Steem gets a mention in Cointelegraph
STEEM had to be premined to avoid SEC regulations. The premining was documented very poorly because Steemit, Inc, wanted to keep the lions share of the premined coins to fund development. That created a lot of bad blood. Also, the first Steem users came from the crypto space that was and still is full of selfish maximizers.
Maximizers 😂