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RE: The Steem Name Is Mud Within The Industry
talked about pre-mining and Whale circle jerk
The funny thing about this is that every coin is pre-mined. Every coin starts out 100% centralized and attempts to become decentralized as time passes. Even Bitcoin.
Also, the circle jerk argument is totally irrelevant. Everyone is in control of how they want to allocate their inflation using their own stake. The entitlement that users have on this platform is astounding. They just assume that they should be tipped by whales... because reasons? Mind blowing.