Social media has played an invaluable role in changing the world for the BETTER! Facebook has been used as a tool for great things. However, the core of this centralized social media apple is ROTTEN, and we must salvage the good. Decentralize social media doesn't mean the wild west; it means open source accountability and community owned and driven platforms. It is our voices that we fully control now; we must step up to do what it takes to secure our children's.
Steem is also pretty centralized and rotten and his Holdings are liquid.
Please define pretty centralized and can you point to some specifics on how it's centralized, specifically in comparison to places like Facebook/Twitter or Youtube.
The rotation system that decides which witnesses get blocks and what not is not entirely bassed around weight alone.. can't remember the exact details off the top of my head, the top 30 are rotated through as priority then the remaining witnesses get the remaining portion of block schedule.
The stake is no different than Bitcoin, anyone can buy in and become top 200 or whatever it may be. Of course you can always setup your own steemd node along with RPC endpoint. EDIT: accurate witness scheduling https://steemian.info/witness-faq
You just have to look into DPOS more, you could consider it more centralized as opposed to bitcoin, but it's centered around nodes that are voted in by stakeholders. If you look at the top witnesses, the vast majority have been bestowed that honor for good reason.
Liquid as in there is a lot of active volume, implying that he would easily be able to jump in and out of larger positions.
I'm curious how you arrived at that hypothesis.
Steem is also pretty centralized and rotten and his Holdings are liquid.
Please define pretty centralized and can you point to some specifics on how it's centralized, specifically in comparison to places like Facebook/Twitter or Youtube.
Well it's stake voted and with Witness nodes and so on but most of the stake is still centralized.
Look at the vote-weight for the top witnesses.
The rotation system that decides which witnesses get blocks and what not is not entirely bassed around weight alone.. can't remember the exact details off the top of my head, the top 30 are rotated through as priority then the remaining witnesses get the remaining portion of block schedule.
The stake is no different than Bitcoin, anyone can buy in and become top 200 or whatever it may be. Of course you can always setup your own steemd node along with RPC endpoint. EDIT: accurate witness scheduling https://steemian.info/witness-faq
You just have to look into DPOS more, you could consider it more centralized as opposed to bitcoin, but it's centered around nodes that are voted in by stakeholders. If you look at the top witnesses, the vast majority have been bestowed that honor for good reason.
Liquid as in there is a lot of active volume, implying that he would easily be able to jump in and out of larger positions.
Probably by not watching the video and just making assumptions based on the notes in the description.