I don't look or care about my blockfolio. I've seen this a few times already.
This isn't bear market whining.
This is something you can do a little research and verify.
EOS does have whales. Nothing compared to the percentages in Steem.
EOS was fundamentally built to solve the central issue with Steem.
Block.one will own 10% of the EOS tokens at launch. Add in a few ETH Whales who diversified into the EOS ICO and you have the same problem as STEEM. block.one and a few whales will dominate that network. Direct the inflation, elect the witnesses, etc. This is the nature of financial systems. 80/20 Rule.
I don't look or care about my blockfolio. I've seen this a few times already.
This isn't bear market whining.
This is something you can do a little research and verify.
EOS does have whales. Nothing compared to the percentages in Steem.
EOS was fundamentally built to solve the central issue with Steem.
Block.one will own 10% of the EOS tokens at launch. Add in a few ETH Whales who diversified into the EOS ICO and you have the same problem as STEEM. block.one and a few whales will dominate that network. Direct the inflation, elect the witnesses, etc. This is the nature of financial systems. 80/20 Rule.
Steemit Inc + Ned & his delegated accounts own over 51% of the Steem on the platform.
I agree with a lot of your above statement, but I think Steemit stands out.