You are viewing a single comment's thread from:

RE: What I Really Think of Steem - Truth Talk

in #freewrite5 years ago

I understand how you see the RC system and it is a legitimate viewpoint.

You might have the opinion that it is similar to buying a solar panel for your roof, which then provides access to energy over time. That certainly sounds reasonable. But solar panel businesses seek for supply to match demand, STEEM is not like that.

Here is my concern. The game is not about getting rich by selling everyone 50 SP for sovereign blogging, but about being early so that they can charge people for RC delegation. I believe the RC delegation will cost more than ETH2's fee market because in Steem there is a middle-man (RC delegator) involved.

A self-sovereign blogging platform allowing people to have censorship-resistant free speech is important, so Steem is valuable. But what if the majority of Steem Power ends up in the hands of a small group of entities? If they can choose who gets RCs and who does not, then you have a deplatforming issue all over again.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.028
BTC 59836.36
ETH 2365.02
USDT 1.00
SBD 2.47