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RE: Why STEEM Is Proving Fear Is Not Necessary: Leading the way Into A Peaceful War
You've given this a lot of thought and I'd be curious to hear you opinion on a question this article raised for me.
Is crypto inherently more democratized than fiat? If so, how does that jive with the wealth distribution on steem? If not, what sort of safeguards (technical or cultural) do you think would help prevent a scenario in which crypto just changes who the 1% are, rather than changes the distribution?
Anyone can fork a chain or create a new token.
We have to see how the breakdown occurs long term. Crypto, I sense, will start out uneven distribution and then move the other way which is the exact opposite of fiat.
STEEM, over time, is seeing a weakening in terms of percentage in the larger accounts. The smaller accounts are gaining more power collectively.
I'm getting a similar to vibe to the anthropological idea that wayyy back when we were small hunter-gatherer groups, if someone was being a jerk/too much of a big-shot, the others just 'walked away.' In that respect, I think you're right - crypto is still early enough that this is an option.
I was unaware of that trend, promising.