That's interesting because I kinda thought about a scenario where "Mega Corp X" comes in and buys up loads of steep power and starts spamming the crap out of us...
I know everyone wants everything decentralized and all that but at the end of the day Steemit is just php-sql pulling from the blockchain and could easily add an admin panel to block such abuse.
Members in good standing could even vote on and impeach said admins...
Just a thought, thanks for the reply...
Then no one would use Steemit, price'd reach near zero, and it'd be a bad investment for the "Mega Corp X" after all.
What if it was in Mega Corp X interest to take down steemit? It's not unusual for corps to try to buy out competitors.
Since Steem and Steemit are open-source softwares, we could start again in that not likely case. Even Mega Corp X has not infinite money to buy out every relaunched Steem clone.
From a buyout, the brand would suffer, but not the idea.