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RE: This post will prove the key problems with steem: API, Stake-Weighted Voting, and "Propaganda Machine Echo Chamber"

in #beyondbitcoin8 years ago

This^ is the main competitive model to the shareholder vote model that STEEM will have to contend with someday, and people will definitely be all over the first mover in this space. All coins have a long ways to go before mass adoption, and STEEM is just a DOGE-sized market cap but with a pint-sized community that you could fit in a kennel. There are only a couple dozen people here with any real power which is obvious to everyone. But that was Dan's great accomplishment, crowdfunding STEEM without losing control to the community. This is the only reason why he can afford to straighten out the payout curve now. I'm glad he made enough money to afford to give power to the little people.