The greatest strength of Steemit near as I can tell has been the transparency, the fact that everyone has access to all the info needed to operate in a fair even if not equal environment. That transparency breeds fairness. Lose one, lose both.
I'm not a tech guy so that's the extent of what I can usefully say. Hopefully @dan et al will be able to set minds at ease.
@dan has nothing to do with steemit.inc. I agree that if there is an issue, we all need to be made aware of it.
I must point out that @dan actively votes, posts, and supports witnesses with a grip of SP. This makes @dan about as powerful a voice as exists regarding Steemit, whether or not he is a corporate officer.
Beyond the scaling issue, the matter of premining @elfspice brought up is relevant to how Steemit is managed. Particularly as Steem meets the test of a security for the SEC since it represents voting power.
I have made several posts regarding VP weighting by SP prior to @elfspice's meltdown, and the SEC announcement. Neither of those subsequent events has altered my understanding of the issue, and, in fact, both events greatly increase the urgency of the matter.
We will see what action is taken regarding transparency, regarding both technical issues, and SEC regulation of Steem as a security. I've so little wealth that I the only reason I give it thought is because Steemit - which I have come to enjoy very much - is highly influenced by it.
Freedom is nothing left to lose, unlike @freedom.
Just sayin'
THIS!!!!!!!!!! and now I'll be checking your blog, momentarily!
btw, you shoulda left this comment way higher up on the comment list
You're right of course. I should have said @ned.