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RE: Blockchain Governance: A Dilemma
I think the STEEM on-chain solution and voting for witnesses is superior to off-chain like the whole bitcoin mess. However, the inequality issue that permeates the platform must be addressed as you describe. Were the wealthiest accounts just a result of early adopters getting most of the early STEEM or something else? I never did figure out to what degree the big accounts were from outside money coming in vs earned within STEEM.
Most of the biggest accounts were people getting in at ICO or early stage with lots of their own money. For example, putting in 100,000$ would have got you 1,000,000 STEEM if you invested in the beginning. And for someone who has millions of dollars, losing 100,000$ wouldn't be that much of a loss.
But many of the dolphins and large minnows right now got it from their own earnings (also early adopters though).