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RE: Steem trading volume on life support.. Bithumb isnt helping

in #steem6 years ago

I tend to agree with you. I think we all realize that the problem with politics (and therefor government) today is that it is all about money. We probably can also agree that getting money out of politics would be a very good thing for most of us. Unfortunately, Steem is all about money and not so much about quality content. If you have a lot of Steem, or can buy it, you can rule here. If you don't, you are largely SOL. The Gini coefficient of Steem is near 1, which I don't think bodes well for the future. That said, these issues should not affect Steem as a cryptocurrency. Who cares how Steem is generated or distributed with respect to the Steem currency? Bitcoin is generated very inefficiently through mining--an activity that really doesn't provide any other benefit. Yet it is still the dominant crypto. But like you I believe Steem needs to change more to proof of brain, rather than proof of stake. If it doesn't, I suspect something will come along that supplants it.

Proud member of #steemitbloggers @steemitbloggers

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I agree with you ! I really like the term Proof of Brain !
Things in crypto are escalating quickly, and we will see more projects with different approaches. Some will fail, some will manage to be the internet of tomorrow. It's very confusing for investors where to put money because of this kind of diversity. But still whatever is happening on blockchains is better than what's happening on Web2 content!

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