Steemit.com is the intro for most to STEEM, and it has a lot of seriously bad issues. That can be traced right back to POS, and POS generates whales, and some whales are arseholes.
And who wants to invest in a project where it is always possible and easy for a bunch of arsehole whales to cause the value of your investment to collapse?
I think most of us agree with that one. This is where the idea of burning off some of the ninja-pie would show some good faith. We're only just getting over past hurts with all the whale power downs from last year. The load needs to be more distributed, and less prone to volatility, for serious investors to want to take a bite imho.