"Coercion," is about right. And, of course, most people would have to claim they "have no choice." Of course, in the greater scheme of things, a case could potentially be made for "theft," inasmuch as our Steem wallets were (in essence) held hostage behind agreeing to those terms.
Which opens a whole nasty potential can of worms (worst case scenario) in which you HAVE to agree to these terms to get to your account, and one of those "terms" is that your entire SP balance now belongs to STINC.
You can always just switch to Busy. There are plenty of other ways to get wallet access too, including interacting with the chain directly in a worst-case scenario. Steemit.com has no rights to your Steem wallet and can't impose T&Cs on it.
Workarounds notwithstanding, it's still a bit sketchy to have a page you can't clar unless you "agree" to something you can't read.
Absolutely. Just pointing out that if you want to you could leave Steemit because of that without also leaving Steem. (There's a reasonable argument that Busy is a better front end anyway.)
@tcpolymath, Busy is starting to sound really like a better deal.
Does busy take a percentage of your posts?
Yep, busy indeed take some percentage from our post rewards.