RE: OPEN LETTER TO STEEMIT INC., THE WITNESSES, AND THE WHALES
Very diplomatic... although on steemit the new rules (hardforks) are agreed on and instigated by a handful of people at the top (it's not a democracy is it!).... and I'd like to know more about their values to give me an indication of where we're headed!
The problem with 'unfettered capitalism' (fewer rules) is that it has a tendency to destroy itself in the long term.
We're moving away from what you might loosely call 'social-anarchism' - which would have rules in place to encourage long-term investment and broader rewards distribution.
With more social-anarchist rules in place (like pretty much all of those that have been removed) I feel this would empower and encourage MORE smaller scale investors looking to make a regular income, but this requires MORE rules!
I'd like to see more rules that empower and encourage stability, equality etc... as I commented below...fewer rules doesn't necessarily mean more freedom!
Thanks for the reply...
I think it's useful to consider that every aspect of the platform is constrained by rules, most of which are code.
Changing the code doesn't remove rules. It just changes them.
It's the specific rule that has particular consequences, so it's not whether or not we have rules, but what those rules are that matters.
There just isn't a way to prevent folks from posting more than four posts, because they can just post from another account. Neither is there certainty regarding the utility of any given code, because the real world throws sucker punches and devs are blindsided by clever criminals.
I'm all about free society. I do think the platform came out swinging for that, and it's evolution since then reflects the influences the real world has impacted it with, including that Steemit Inc. is a for profit concern and needs to serve it's market.
The market for Stinc is the Steem. The majority of Steem is held by very few people, and the interests of whales are vastly different from the interests of minnows. Steemit code starkly reflects that.
Great points well made, especially the last point. Stinc.... is that your invention?
No. Don't remember who did coin it, but I liked it and use it a lot, like I did when I found the word 'enemedia'.