yeah, very good summary of Steemit I would say. Let's hope it actually grows. Right now, there are thousands of little fish and a few whales, and none of the funds are being distributed. people are going to get sick and tired of making $0.00 with every post and seeing a few select make 1000's. Will Steemit implode because the whales are hogging all the funds? Guess we will see in time...
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As long as the 'few select' will expand, the number of people with power will expand as well.