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RE: First week - Dereliction of Democracy?
I don't lose faith - when something is still on paper or in testing mode everything looks rosier than proves out to be afterwards. I wouldn't say steemit is "deeply flawed" but it does have its problems. Thing is, it is a mostly deecntralized system, hence there's nothing stopping another bunch of bright people (with some seriously rich dads) from coming along and steering the ship in the right direction. Look at what busy.org has accomplished, without involvement from Steemit Inc (also called STINC).
Rich kids will just turn out to be pool-abusing faggots like @haejin, because most people are greedy fucks, unworthy of air they breathe in. Alas, this is the world we live in. A good intension rarely comes along with the ability to accomplish it, sadly.
Indeed. Having both good intentions and the ability to put them in practice is exceedingly rare ...