RE: The Future of Steemit
Steem may encounter troubles rolling out SMT adoption as per the white paper if a business entity discovers that it’s audience can basically run the system. In specific, this is around the meta-economics game going on around what is being talked about at the moment. The flag war.
I've not gone over the whitepaper recently but I have a feeling the business entity can choose weather to have STEEM as a usable token alongside their own. And if it is chosen, their are still variables that can be set. e.g - a STEEM down-vote can't negate value from an up-vote from ABC token.
For the time being, I’m continuing being Mr Minnow. More than anything, I just like having a platform to carve out a corner with some content, and I’m getting that opportunity here and it’s been really rewarding - on social, monetary and creativity fronts.
Good man. 'We' have little part to play in this game when the main players now have Wallets in excess of Ten million dollars.
I’m just wondering if someone could wade onto a platform, buy a load of ABC tokens and start dictating things. You get a lot of people putting Bitcoin paywalls on tokens, so there are plenty who have the capability. Then again, I’m missing some gaps in how SMT works and there is a bit of a gulf in reading a white paper and translating that to the real world!
Regarding using Steemit - I mean I just like using it in its idyllic conceptual state. Which is nice! I can’t really impact this big meta thing that is going on anyway, it’s like busting into a boardroom when I’m some guy who just does the post.
I don't think so. Sorry I cannot give you the perfect answer as to why, but I think (as with Steemit), a particular account would be holding a majority stake. Does this impact decentralized ownership? Perhaps.
One or two folks perhaps didn't get the memo here, nicely put!