And what is worst, most of the people that have the power to act (witness and whales) are too short sighted to care.
There is some whales that care, but most of them are too busy looking for ways to increase ther stack and get more and more.
One constant motto here is that "it's his stack, he can do whatever he wants", wich is true, but the problem is that these big players actions afect the community as a whole (and its future).
So it does matter what they do with their stack. If they don't use it properly, Steem will be doomed.
Honestly, i like the idea of Steemit as a whole, but humans are too flawed and naturally greedy to make things works without any kind of control.
If the whales don't start taking effective actions to change things (like giving some flags), as soon as a good competitor appears, Steemit will have only bots and whale dick suckers begging for votes.
Code is absolute control. The present code absolutely creates the rules that effect the current blockchain, and enable whales to generate ROI from their stakes. This is why it is the way it is, because the devs and witnesses that control the code are controlled by stake, through stake-weighted VP.
I believe this is the present plan. SMTs FTW!
Given the initial concentration of Steem by miners, what can Stinc do? Either they cater to the holders of that Steem, or the holders of that Steem move on to other investments. The holders of that Steem generate ROI from the extant rules. They don't want them changed. The things you might want to see flagged are how they generate that ROI.
I definetly want a steemit competition as soon as possible.
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