One massive complaint around the BAT is that 99% of tokens sold during the ICO belong long to less than 200 unique wallets. They may have generated a lot of money, but it seems heavily monopolized already.
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I agree with you. I remember prepping for days on how to get a share only to be disappointed when the big boys swoop in.
I think it's an interesting idea and it will cool to see how it plays out. There were a lotta doubters of Steem during the pre-july 2016 days too