Just for clarify a doubt i have. When you say that Steemit Inc (private) is investing "his" money. We are talking about the premined steem? Or they bought more to increase that initial SP. Of course, premine it was necessary to start running the network, and also to "control" in some how the functionallity of the ecosystem. The social media system behind a chain requires premine and i understand this.
But i dont know if its cool to call that as private invest. The "private" part its preety clear, but not the "invest" part. I dont want to be the negative guy, but for me is preety clear that they dont care much about content and they see this ecosystem more like a bank account than a content creator platform.
Whales dont read, barely comment and of course they just post a puppy picture to get hundred dollars each. Then sit on his invest and cry demanding for more. Im not talking about all whales, there are good whales out there , great and dedicated steemians and those really desserve to have big proffits.
Im not against rich people, im against greed.
Now, with MIRA implementations the cost of nodes should decrease. Why is this really necesary? Maybe whales never noticed about how much pain becomes with HF20 for newcommers. Or maybe they do, but, they dont care. This days new ussers cant post or even comment because RC is a joke if you have the 15 SP starter.
The system have to take care of new comers, instead making things difficult to them. And there is when im start thinking that they dont really care at all.
If something essential as adopting new ussers to create content, have more audience and be more known outside.
Steem are becoming a close system isolated from the world.
But, no. Steem system looks like designed to screw little people for the sake of "god" investors and stackers. But, arent them the responsables of all what happening? They call the shots, and when anything goes wrong just punish minnows and newcommers.
Sry my bad english... Thanks for sharing your thoughts
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Thanks for your reply, yes I do refer to the premined SP in the Steemit company accounts, even though it was premined to start the network and ideally should have been used in context of a foundation for the furtherance of the network, it was not and they clearly regard those funds as their private company funds now as was seen when a fork was threatened, they referred to it as company assets and not community assets. Steemit continues to powerdown and sell 800K Steem per month but I am happy that they have improved their communication and are rolling out MIRA and hardforks again, maybe now that they have fresh blood as leadership they will run things like a professional company going forward, with some element of corporate social responsibility.
At the end of the day it is the community that makes the Steemit stake worth anything.
800k x month?
Hope they finish soon and leave.
Maybe there the coin stop going down, with such a constant sell pression of our king steem...
On the other hand is funny how they low cost and are starting now to draining more from the minnows...
This descentralized chain looks like a centralized bank.
Posted using Partiko Android
Technically steemit's stake was not premined. A premine is when the developers start the mining without givinig access to third parties to the code. This did not happen. What they did do is made sure that they had more resources devoted to it than everyone else. If you look back on the bitcointalk forum they admited publicly that their intention was to have majority stake. So they invested more money than everyone else on the resources necessary to acomplish this.
I read the conversation on bitcointalk.org there, usser post screenshots about how Steem premine, giving wrong code access to those who want to participate on the release of the network.
If you can probe me wrong please send me the links information is power.
Posted using Partiko Android
It is public knowledge that the mining had to be restarted becuase of a bug (maybe that's were that person was confused?). Anyway, here is the link to the anouncement for the relaunch after the bug was fixed.
https://bitcointalk.org/index.php?topic=1410943.0
As you can see there are several miners commenting that they were able to do it so what ever the person you are referring too was saying is disproven by that fact.
Yeah, I took the time to reread a few pages. While I don't fully understand the technical aspects, it doesn't seem like a completely transparent release.
There is also no way to prove that some participants had privileged information to configure the witneses.
And if we see the corporate face, ambitious and not very productive that steemit inc has, I wouldn't be too surprised either.
After almost 4 years they don't even have a miserable App for Android, the web interface is practically the same and their biggest achievement was to modify a logo.
Now, they get 800k steem per month? It's not that I'm interested or it's my business to use them, but I could tell you that's what they don't do with that money. There are no advertising campaigns, the interface was already surpassed by every project that tried it (busy, partiko, but above all STEEMPEAK).
There is no leadership, no tasks, no collective goal, no path. We vaguely shout "Hurrah! Steem is the best" but we wander each one separately without a common goal.
They lower the costs of the nodes, dismiss staff and then plan to benefit (once again) those who already have everything? Because "it's not business" is literally saving the banks, the same thing governments do! The rules always change in favor of those who have more?
Great advantages of decentralization (?) because the rules have to change when those who win, don't win what they want? Or do they only do it because they are the ones who have the baton of command?
Forgive me if I find it outrageous (xD)
It's not that I can "pick another steem," it's the only one that exists. Should i move GOLOS? (I'm joking, on all fours I can speak English)
(SMT incoming. No! Joking! its not! Get a fork instead! King Steemit needs more money)
I can't blame you for having that point of view. Anyway, I wasn't defending Steemit Inc, I was just pointing out that "premine" is not an accurate term to use. After all they where upfront from the beggining that they intended to have majority stake, anyone that complained at the early mining stage of the project has only themselves to blame or were not competent enough to do it. I confess I didn't have the know-how to enter at that early time but I don't go around blaming steemit inc for my lack of knowledge like others did.
Yeah and some of the mining tools and documentation were problematic, and they launched quietly, it's known more as a ninja mine.