RE: Some concerns about steemit.
In a nutshell, what happened is @ned, @dan and many others ROBBED the bank on the release of SteemIt. Whereby a HUGE amount of Steem was in the hands of a few inept people. I say inept because if they were skilled, they would have managed their bank robbery better and built THIS platform better.
Instead, they run SteemIt like Slumlords and let the ridiculousness of their cryptocurrency be their armor. As long as some people are getting by on Steem it's their excuse for ignoring problems like what you're addressing.
The BIGGEST insult on this platform is watching @ned or @dan, who hardly use SteemIt at all, post an article and DECLINE PAYOUT. WHY decide payout? Because they already PAID THEMSELVES by Robbing the Bank of SteemIt around April of 2016. Now that they're Defacto Whales, they have to look benevolent to the Suckers still using SteemIt by declining an "Unfair" payout for them being such big "Whales."
Instead of Robbing the bank in the beginning; @ned, @dan and others should have just been using the first to market advantage of being CONTENT PRODUCERS ON THEIR OWN FUCKING PLATFORM! Then they would be making STEEM the way EVERYONE is supposed to... like @haejin. IMHO, at least @hajin is playing the game like it was programmed and has his own following that is voluntarily voting on his content. For @ned or @dan to come in and try to fix it would mean exposing themselves more to their Bloddy Bank Robbery. And neither of them wants that... They HARDLY even use their OWN Social Network so that should tell you something.
@ned is now pushing ANOTHER crypto instrument which is laughable because they're still behind on several things that should come first, like more stability on SteemIt, a mobile app, getting listed on more exchanges, getting their product out of Beta, activating non linear reward curves, building COMMUNITIES... I can go on and on.
In @dan's case, he apparently Rage Quit and went on to build ANOTHER system altogether, chiming in once in a while to expose philosophical points about blockchain and governance... as if he should even OPEN HIS FUCKING MOUTH ABOUT FAIR GOVERNANCE!
https://steemit.com/@dan/transfers
In short, these two Cowboys, who apparently don't get along, are sitting on a larger than average share of the platform that they built while letting the fact that Blockchains are so hard to kill be their evidence for success. My opinion is that Steem is successful DESPITE the work of SteemIt Inc. And that it will continue to be somewhat credible and functioning for several years to come because... well because Blockchain tech is pretty awesome and this platform is a pretty nifty FIRST TO MARKET niche as far as Blockchains go. But it is about as far from perfect as you can get.
That all being said, and as much as I hate the FUD as the next guy, the REAL THING going for Steem right now is the fact that No One... and I mean
NO ONE
has done anything remotely similar to Steem. And for that fact alone, I salute @ned and @dan for being gutsy trailblazers and unapologetic Robbers of their own Blockchain.
Good luck ya funkin bastards... GOOD LUCK!
I like the response in this post. I think we are all unsure as to whats around the corner but Steemit seem solid and I really love promoting it and work on it even though it's a big time consuming monster! My concern is the coins are issued centrally into the rewards pool, what happens when the issuing runs out ? No more released empty ? Runs dry. People will stop upvoting and crunch.
Thanks for sharing your thoughts. I'm not sure how much I can say in regards to ned and dan robbing the platform.. I can see a reason to have more control at first in the beginning and it was my understanding they were going to be less and less involved and power down and such. If more is going on, I'm open to that.. But I don't know for sure so I wouldn't personally say they are robbing anyone as I don't know.. If I did know for sure, I would speak out about it.
In regards to haejin.. I think the issue is it's not his audience that is the problem but the one whale that continually votes for him, if it was just his followers it'd probably not be an issue at all, so it appears as if this one whale is just.. Rewarding him way too much.
Which is one reason why I mentioned in my OP that I think it's a much bigger problem than just him and that it's many of the top whales who get auto voted by whales for not so great content.. It makes some people who put a lot of work in and make less than a dollar on a post feel really jaded when someone else is getting like thousands for posting pics of their food and parties.
Also in regards to your point about no one doing anything remotely similar.. I'm not sure I agree? We have had numerous other social media trying similar things, I think steemit has just done it the best out of any of them. Yet.. The rate things are going I wouldn't be surprised if a competitor snuck up much quicker than I previously thought.
I feel like this could have and maybe still could be the next Facebook in a sense, don't take me too literal there, but the next big "social media" so to speak.. Though.. The way some things are going I'm definitely having my doubts now more than ever before. The'res such a great thing here, I hope they/we don't squander it.
And yeah.. Who knows.. Maybe it will just continue to grow even despite all of these things.. Maybe it's taken on a life of it's own now.. I guess time will tell for a lot of these things.
Thank you for the reply...
On a positive note, here is some info on how the "Robbers" are trying to fix their mess,
https://steemit.com/steem/@taskmaster4450/steem-is-not-steemit-71-m-steem-powered-down-major-marketing-push-by-the-other-apps
On a negative note, @aggroed directly speaks about the "Robbery" which is euphemistically referred to as Pre-Mining, which is a way of bypassing Securities Fraud, at the 22 minute mark in the following interview...
If you listen, @aggroed also goes on to explain that @haejin's big Whale is actually someone playing by the VERY RULES that @dan and @ned have been very explicit in explaining. @haejin's Whale is someone who played by the rules and INVESTED INTO THIS PLATFORM. The "Robbers" on the other hand summarily decided how big of a Stake to take for themselves out of the gate and invited some others to come along for the ride. This is how ALL of the early whales got their stake. @haejin's whale is being unfairly portrayed here if you ignore that fact.
I really don't care about all of this and I'm not really trying to make a STINC, but your article has a great deal that I agree with and I wanted to share my "OPINION" on the fact that Pre-Mining, though it's a good way to avoid the SEC and other regulators, was a DAMN DIRTY AND DESPICABLE way to start what should have been a SLAM DUNK success in crypto.
Of course the BIGGER problem here is that out of 1400 other crypto projects out there, not ONE of them is ready to replace Steem... Not a single ONE! That's pretty pathetic if you ask me.
Thanks for the article.. That really umm.. Brightens things a lot, that it's a lot more than just "steemit".. Puts things into more perspective I should say. But it is very positive, though in the end.. All that increased attention hopefully will bring the demand that more exchanges start using the tokens again. Cause, if they exchanges don't deal with steem, many will stop posting since many are just here for the money.
I think this place would still be around and there would be hardcore users who don't care about any of that and just wanna get away from centralized social media like Facebook.. Though.. I think most of us here would agree that we want steem to do well, and to be more widely used as well. And there do seem to be some valid concerns that unfortunately too many probably ignore cause they just wanna make money and aren't looking at it more longterm.
In regards to pre mining.. I'm not sure how I feel about it. I kinda feel like they should wipe it clean before the release to the public and we can all start over, but I doubt that will happen! So.. When is it fair? You're right.. Those early people really made a killing.
I think some of these people could do a lot to help everyone if the voluntarily just gave some back to some new promising upcoming steemians or even if they put it into programs like dtube and stuff like that, that would be great. Hopefully more of them do, though just from a quick glance.. A few of the worst abusers don't seem to care. They don't want to give back.. They want MORE AND MORE AND MORE.. And it's never enough for some people.. No matter how rich they get, they always need more.
Apoly if you forget the whales out the picture as that just is. Would love to know what happens when the steem runs out ? Can someone do a rough calculation and figure out when that event will occur and what that time will look like. Could they mint more or new coin or nothing and it's impact on users.