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RE: A brief history of the "ninja mine"

in #steemit7 years ago

Very interesting. I agree the distribution is completely skewed but That will be difficult to avoid going forward. Crypto is now well known and the rich can simply buy more tokens than the non rich. Crypto won’t address that even if the initial distribution is fixed, as soon as the token hits the exchanges, rich people will simply buy more!

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Yeah don't think we can stop that part, but the blockchain technology does give other benefits in security and value redistribution in that instead of the majority of the value being captured by an application that value flows down into the protocol/blockchain.

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