Point 1 - distribution. The fact that Steemit inc with a few top managers used to control about 90% of initial supply.
By now it's probably more like 70%, but it's still a lot.
Point 1 - distribution. The fact that Steemit inc with a few top managers used to control about 90% of initial supply.
By now it's probably more like 70%, but it's still a lot.
excellent point and the first one that came to mind. i think this is the single largest initial turn-off factor. if people can get over that, the reasons listed above by @rmz are all very valid!