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RE: The Politics of Steem

in #politics8 years ago

Enjoyed you post, but I too think you socialist comparison is incorrect. What you are mistaking for socialism is in fact simply the act of bootstrapping an currency and economy. The whales, "fee" curation and the redistribution effect will not last forever. This is simply a plan for the initial stage of the project...... It's pretty hard having a useful circulating currency if a very small group of early investors own it all.

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You may be right. The re-distribution effect at this stage is pretty dramatic, but like I mentioned, I don't know how it will play out when inflation rate settles at 100%. All that said, I bet curation rewards and stake-holding rewards aren't going away.

I knew I would get called out on this! But, I will keep saying it over and over again - I don't mean that the system is socialist in any way. I'm just saying the founders looked at some libertarian socialist leaning ideas as a way to improve their capitalist model.

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