This is ridiculous. Can something be done about the situation? Maybe if other whales team up, they can at least influence ned?
This is ridiculous. Can something be done about the situation? Maybe if other whales team up, they can at least influence ned?
Only thing that can be done is to get more active with voting and more critical of our witnesses, than maybe something will change.
Except witness voting is based on stake weight...
And the top 10 accounts own more than 90%
I understand there is a problem with distribution, not much we can do about that tho... so i would not know what else it is that we could do besides what dan is proposing, wich is starting all over again and trying to get it right this time.
Well dan has selfish motivations too you have to remember. Not really convinced eos distribution will be that much better than steem ultimately, especially if any of the funds are being recycled through the ico as is theorized by fuders.
There are ways to make very fair distributions, but so far all we see are money grabs
What are Dans "selfish" motivations. If Dan were selfish he would have forced what he wanted for steem through his stake which he had the power to do. Instead, as his vision was rejected by the network he stood down as its leader and let us walk on our own feet. And we walked the wrong way.
EOS distribution was designed to be incredibly difficult for any particular person to track the market and manipulate it by their late investment. The recycle accusations are silly. It would be relatively easy to check the ethereum blockchain for that if somebody would go to the bother instead of just throwing the silly accusation around. In fact it's likely people have and came to find no evidence.
Listen, EOS.io has a huge group of traditional investors that fully funded eos before there was even a crowdsale for the token. The token sale is purely about profit and extracting wealth from other blockchains. The investors and the team have a huge incentive to drive the price up through hype. It is making the team and the investors shit tons of money.
There are ways to do this honestly, like holding funds in smartcontracts that release over time to ensure and prevent fraud. This would have been easy.
Dans comment might be accurate about steem, but to think he is speaking truth unbiasedly when he is building a competing product is incredibly naive.
That's a positive thing as far as I can tell.
That seems to be a gigantic leap based on the previous comment. The token sale can't be PURELY about profit if it is also about distributing the token to create a large network.
Every investor has an incentive to do this with their investments.
It's seeming more and more like this is what you have a problem with.
When you've checked the ethereum blockchain yourself for these recycled transactions we can talk about whether or not their method was honest.
Until this comment he's been promoting STEEM as one of his most successful blockchains. Dan is not incentivised to talk trash about his own creation. Steem has first mover advantage and I know for a fact Dan would have preferred if STEEM had stayed healthy and good for its community. He would have profited from its success. Now he has to put more work into a replacement, and it's not to "make more money", but because he doesn't like to see the community that gave him so much wealth being abused and neglected. I'm not being naive. There is nothing selfish about creating a competitor for his own creation. It would be another gift after the many gifts he's already given you and the world. It would be his way of not letting us down, for those of us who did not let him down.
I've defended dan for a while now all over the rest of the crypto community calling him a scam artist. Obviously he and his team are building projects with a strong usecase in a highly experimental workspace.
That being said he has also mad a career out of attacking other projects and hyping up his community of followers in a frenzy. Ive found this to be true of much of the steem/bitshares/eos community lore. Maybe this is cause they find themselves on the defensive, the crypto community as a whole is enormously hostile.
As such an ardent follower you should know that dan has been talking about steem as broken for some time now, hes been speaking to this since his fall out with ned, even before announcing EOS.
If the tokensale were just about distribution there would be plenty of ways to do this much more fairly, and in ways that could benefit the whole world instead of a handful of folks at blockone.io. at the current cost of this tokensale EOS better have a 1,000,000x more even distribution. Im betting it wont even be 10x better ( which to me would be top ten accounts owning <10%)
Like what exactly do you think the witnesses control?
I know there is not much anyone could do about someone like ned who owns 51% of all steem, but what else would you propose we do? not much we can do about the distribution, maybe we can fix the system or change the community but else we are out of options.
And that depends on the devs, which work for Steemit Inc
We could get new developers.