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     8 years ago 

    a lot of steemits problems are discussed in the whitepaper with detail.

    Eliminating “abuse” is not possible and shouldn’t be the goal. Even those who are attempting
    to “abuse” the system are still doing work. Any compensation they get for their successful
    attempts at abuse or collusion is at least as valuable for the purpose of distributing the
    currency as the make-work system employed by traditional Bitcoin mining or the collusive
    mining done via mining pools. All that is necessary is to ensure that abuse isn’t so rampant
    that it undermines the incentive to do real work in support of the community and its
    currency.

    [-]
     8 years ago 
    $0.00
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       8 years ago 

      anyways, back to the fun posts.

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       8 years ago 

      All I see is ranting. I watched his debate vid on youtube. Now just calling somene a 'bitcoin maximalist' doesnt negate their logic, but I do think he is just ranting. I understand the cynicism towards new coins...ultimately, the same could be said for any new bitcoin application. "Just put bitcoin in it" really.

      Overall I enjoy the niche audience/community here on Steemit. Economic crap aside. SBD is 1.23$ bitcoin worth of canuck $ on changelly still.

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