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RE: 2 Years.. 10k Users with over 500 SP
How does that compare to Bitcoin, Ethereum and the 37 other cryptos higher than us in market cap?
Bitcoin has nearly 2 million addresses with $1,000+. They have had 9 years though, and have a different address paradigm where address reuse is discouraged.
This is Litecoin:
Dash:
Although I am aware of this... It is interesting to see it in black and white, and although other tokens have bad distribution also... The number of holders is concerning, even with the expected distribution problems.
If you compare it to traditional businesses, we have way way more small stakeholders (like $100 to $1000 stake) than most start ups at 2 years. Usually only employees with stock options have such small stake, and that tends to be a handful of people (with another handful of large VC investors).
We can only reasonably compare Steem to things that exist, the things it's intended to replace. We could imagine stake distributed to everyone in the world, but even if that were possible, would it be desirable?
The stake distribution problems I see are when people contribute genuinely to Steem, but fail to get anything in return. Voters may believe they add value, but are more interested in increasing their own stake rather than building the network. The ultimate distribution only matters to me in so far as people who contribute get a decent reward, encouraging further contribution.
I can mostly agree with that!