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RE: Steem Is Now In A Very Good Place - Can We Now Do Our Best To Stop Corruption?
So true... Steemit is growing, but it is also very vulnerable to Whales decisions... eveything is incentivized so people hold more power... so people get money in the systems, whales cash's out, and then, they make
that money back with any stupid publication... something most be done in that sense to create a really good community towards awesome content creation...
I think a big problem in Cryptocurrency as a whole is centralization. Originally there was a utopian view where it was a decentralized currency with a level playing field where everyone could create currency by mining, and everyone could own a chunk of the pie. Unfortunately your ability to create currency and to own currency is limited by your current wealth.
Cryptocurrencies are suffering from the exact same problems as fiat. It's very easy to get more currency if you already have a lot of currency while it's very difficult to get more currency if you're starting at the bottom of the ladder. The result is that the people with the most money still control everything and profit the most, while those with little money are getting less exposure and less benefit from the system.
To have a truly "fair" system, all votes would have to carry equal value - Which would go completely against the principles on which Steem was built.
Kindy bring those issues forward f you come across them, we will be happy to post it...that's what voiceshares is about