Once again I feel like I'm late to the party! On the plus side I not only got to read a thought provoking gem of an article, but lots of great thought provoking feedback too!
You've covered both sides so well in showing that there is something to be gained for the delegators on both sides, it's just that one way shares the abundance with more and moves away from immediate gain to future investing.
I do wonder if the blockchain will truly destroy banksters. After all, they been doing this for generations and successfully getting more and more control. It wouldn't surprise me if they just find a way to incorporate crypto and the blockchain into their own system.
As for keeping Steemit as a more sharing culture, I do think it's possible. The mentality of many of the users is much more towards that way of thinking than on any other social media platform. You will always get those that are only thinking of themselves and how much money they can make, but we can choose to not to support them. The openness of Steemit shows a trail so you can see how genuine people are being. I came across someone who was a good writer and always left thoughtful comments. Yet he never upvoted any of the work he would comment on, just himself. I returned the favour in a similar manner as I'm a true believer in treating people as you wish to be treated. 😉
Thanks for the reply @minismallholding...never too late to a party.
I am convinced of it...in fact, I wrote another post a few days ago boldly proclaiming the banksters dead. The head is cut off, only have to wait for the body to die. In my investigation into bitshares, it is truly amazing some of the things going on within blockchain that will flat out obliterate the financial sector. Between reducing fees down to the bare bone (compared to what the bankers charge) we are also seeing entirely new projects developing to fund companies.
As for incorporating crypto and blockchain, sure they can do that. So can governments (which are just an arm for the bankers in my opinion). The challenge both have is their need to control. There will be no decentralization. It will be more of their control.
Could this process take a while? Yes. What is offered technologically and the rate that people change are two different things. There are a lot of people who will stay in the system.
I will offer a guess when the bankers hold will be diminished...when you start to see large amounts of people around the world paid by companies in crypto.
Thank you for taking the time to reply to me.
It will certainly be interesting to see what the future brings.