Although u hands down know more about this platform then i and as i do admit having no trust for shemitah berwack i would still say that the whale power is the thing that concerns me the most and as i also said i was posting this as somewhat of a test in censorship and to see the willingness of steemitors ? lol to question their own platform because i do see that as a problem with the crypto and i just wondered if it took place here or not
So far I'm impressed with the communities willingness to examine it, i honestly thought i would have been trolled out which would have been ok with me I'm not holding it as an investment
Another thing i find creepy is that it takes so long to power down
That reeks of ponzi to me
here is an exchange from another msg board .....
Originally Posted by s**********3
"good read here about steemit flaws : https://decentralize.today/the-ugly-...it-1a525f5e156
"Ouch, thanks for bringing that up. Steemit has gone the way of Wikipedia, too bad :-/! "
I have been stunned at the lack of trolls here. It's uncanny.
Thanks for the links. The very beginning of Steemit was unknown to me, and it is indeed concerning.
The power down thing is actually pretty interesting conceptually. If your account gets haxed, it takes 13 weeks to steal your money, and that gives you plenty of time to reclaim your account and minimize the damage. More importantly for me, it prevents whales from decamping with their holdings and leaving the rest of us holding the bag, as we can see their every move, and, since it takes them 13 weeks, we are given plenty of notice when they start powering down.
It is kinda creepy though, like an ex-girlfriend that you can't convince to leave for months.
Thanks!
Edit: I dunno. Maybe something weird is happening. Every time I click on your name to follow you, it just keeps loading, and I haven't been able to follow yet.