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RE: Thoughts on recent witnesses discussion with Tron's representative, Roy

in #steem • 5 years ago

Steemit is a Representative Republic run by an Oligarchy, just like America. It is not decentralized, nor can it be as it currently is. The Oligarchy is allowed to rule through weighted stake voting. My vote does nothing and one whale vote is equal to thousands of plankton votes.

5 years ago in #steem by
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     5 years ago 

    Fair point. There are varying degrees of decentralization. Steem is not perfect but it is at least more decentralized than 1 party/entity ruling them all

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       5 years ago (edited)

      But one party can rule if it wants at any time.

      Steem is modelled after the U.S. Representative Republic ruled by an Oligarchy. It is no more decentralized than America, which is not at all.

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