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RE: Understanding Steem's Economic Flaw, Its Effects on the Network, and How to Fix It.

in #steem6 years ago

No, the reward pool is not unique, sorry. It's simply a number representing the GDP, the one and only product being Steem, productivity being measured by the number of transactions processed.

Name one aspect of Steemit's ecosystem that performs like socialism. Socialism requires a central authority to redistribute wealth. There's (technically) no central authority to Steemit. And the rewards are distributed by who has the most capital investment.

And don't confuse philanthropy with socialism.

Finally, I'm not against Kevin's ideas (it seems like your defending him). I just think I have a better solution. ;) Check it out.

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