There is a big problem, imo, & it is not with crypto and blockchains themselves. I support breaking free from the criminal Feds as much as I believe in my fight against these malicious Whales.
The problem is with the potential abuse designed into the configuration of specifically the steem blockchain itself. It's almost as if all those people who got in on it early to mid-2016 new within a year they would be able to con others into joining and investing fully knowing they could use their high flag and self-upvoting power to suck out all of that new crypto invested into the rewards pool by unsuspecting newcomers.
If steemit would do something to prevent such actions I would say they were a good corporation (Steemit Inc.). Yet, from my observations, they have only increased the ability for these Whales to abuse it while decreasing any ability the newcomers could have from actually achieving anything spectacular. I just don't understand how they don't get their actions of tricking people to join and invest only to flag the newcomer's successful posts and upvoting themselves is really a simple case of 99% of said rewards pool going to these guys, leaving scraps for the rest of us.
It's a complicated issue which I hope can soon be resolved without destroying the site and corporation (Steemit Inc.) itself. Yet I doubt it.
I tried. Not for fame or profit but to save others from falling for this scam.
I hope he finds no joy in the fireworks show he and his wife are putting on tonight, purchased with the funds he conned from some newcomers who now probably have no funds to enjoy the holiday themselves.
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