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RE: A call to separation of powers in Steemit
With 80% of the STEEM owned by just 215 ninja mined individuals this is not a system you are going to win against @masteryoda - our choice is either to do the best we can and live with it, or leave. A stark choice my friend. I hope an alternative to this can rise. This post may be it. I endorse this post. @mindhunter
In a fight of brute force there's an obvious winner. But in game theory those 215 individuals have the most to lose if abuses stifle the growth of this community. Let's see how eager they are to kill the goose laying the golden eggs.
Those are some of the most wisest words I've read on Steemit - and I've read A LOT on here! POWERFUL WORDS! 10/10!!
Don't you ever leave Steemit @mindhunter !
Let's take into consideration that Steemit is still in beta...for example me when I joined the reputation trait did not exist back then...
Our voice matters and for sure someone will hear it or at least read it ...
Let's hope someone reads it ;) Right I'm leaving....for a cup of tea!
This post is my single daily Resteem.
Mine too! Solidarity @masteryoda
'Accounts' not individuals.
Greetings @smooth - Yes for us, but for the masses no - they are not here to split hairs. Minnows only deal in facts. Many minnows complain to me that the STEEM pre-mine was TOTALLY HIDDEN from public view compared to other pre-mined cryptos which are more blatant like Mazacoin / Omni / Auroracoin etc...the list is endless. I have mined all of these coins in the past.
The Bottom $ is: Would you like your pre-mine blatant or systematic?
There was no literal pre-mine. It was announced on bitcointalk like thousands of other coins have been (twice in fact, since it was relaunched).
Not many participated since it was not promoted and was a little technically challenging (though the relaunch had a community-provided mining guide). This of course was by design. Not "hidden" though. More like hiding in plain sight.
I think you missed my key point though. There are far fewer than 215 major SP holders who got staked by the early mining. More like a few dozen at most, a good number of whom were Steemit employees or contractors.
@smooth So let us call it a blatant pre-mine compared to a systematic hiding. To me this is irrelevant. This BIGGEST question of all is how we address it?
In fact, every pre-mined cryptocoin has ultimately failed - whether the pre-mine was hidden or purely blatant. Steemit is not an exception.
We must adapt or die. Just ask Ethereum.
...Mmmmm...all this sounds like a post for today...
Why Steemit Needs To Reach A Unanimous Agreement To Hardfork Like Ethereum - To 'Smoke Out' All That Blatantly Pre-mined Steem Power (SP).