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RE: Musing Posts

in #musing-threads6 years ago

I would use it to empower people and decentralize the token. I don't act differently based on how much money I'm holding, so I would essentially be doing the exact same thing I do now, just with much more stake. Ultimately I believe that the further we decentralize these tokens, the more valuable we make the platform as a whole.

The U.S. dollar didn't get to be a world reserve currency by keeping it in the hands of a few people. Sure we can look at how much of it is centralized into the hands of a few, but the power of it comes from the fact that it's pretty much accepted anywhere in the world as a currency. Whether or not it's worth anything is obviously up for debate, but until STEEM is decentralized it's value is always going to be limited.

I'd rather only have 10 million STEEM worth a thousand dollars each than spend a thousand years trying to milk that much value out of the 10 million STEEM by using it to only benefit myself and get more.

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if only that haejin guy thinks like that.. that along with all the bidbot users and runners.

Steem is very much a positive sum game where self profits when others profits.. But sadly people are stuck with the scarcity mindset that even voting power becomes something commoditized. Which totally goes against the whitepaper if i interpret it correctly.

best answer here, and what i would have started out as well, decentralization of the token is essential part of this