I don't think I'm gonna buy any more STEEM with my own money after reading this. I thought Steemit is decentralized and this is not possible.
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I don't think I'm gonna buy any more STEEM with my own money after reading this. I thought Steemit is decentralized and this is not possible.
Steem (the blockchain) is decentralized. Steemit (the website that runs on top of the blockchain) is maintained and run by Steemit, Inc. - a privately held company.
So what happens if Ned decides to delete the site or starts banning users? Is there a back up plan? Can and will another domain be used?
Then users can use any of the other interfaces to the Steem blockchain: Busy.org, SteemConnect, Vessel, (and many more).
The beauty of Steemit . . . users ultimately decide whether material is appropriate or not (by up/down-voting.)
We essentially police ourselves.
Yeah, but the new TOS says users can be suspended and banned and the whole site can be deleted and Steemit is not liable for any losses.