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RE: A Design Failure of Steem, Pointed Out by the Architect and Creator of the Steem Blockchain, Dan Larimer
"...Money = Power. That made it possible to avoid a Sybil attack..."
Not at all. What it meant was that a Sybil attack was potentiated through buying the original miners of Steem out--a golden parachute. It's hard to conceive of a more trivially easy centralizing mechanism than money, which SP weighting votes is.