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RE: Was the Launch of Steem a Scam or the Only Legal Way? - Thoughts on Steem by Charlie Shrem a Week Later
I was with you @tarantulaz up until the 'greed' and 'prison' part. The distribution on the Steem platform is a problem, and it seems that all the most sensible arguments address this. I believe Charlie is also correct from a self-indulgent point of view, the developers do deserve something for their work. I think they need to find a way to bring more income to the platform, because otherwise the inequality not only disheartens new users, but it also removes the value of their investment very quickly. if you invested $1000 last month your upvote was worth $0.01, that same account will only have $0.004 now and that will be a massive redflag to many future investors if that trend continues.
Might be a bit of, but charlie wrote an article that won a lot of money, just because he was pro steem, saying how good a 'solo-mine/instamine/premine' is. We are talking about a Proof of Stake system and a social network, where someone with too much steem is effectively an administrator/moderator and the guy that is running the chain at the same time. If Charlie can't see that he is getting that money, from idiots that buy steem, because otherwise his tokens would have had no value, then I can't say anything else. Also don't forget that everyone else was complying or was trying to comply with regulation, something that charlie didn't do. Do you think that the rest were idiots that decided not to do what he did, in order to make money?