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RE: A call to separation of powers in Steemit
Greetings @smooth - Yes for us, but for the masses no - they are not here to split hairs. Minnows only deal in facts. Many minnows complain to me that the STEEM pre-mine was TOTALLY HIDDEN from public view compared to other pre-mined cryptos which are more blatant like Mazacoin / Omni / Auroracoin etc...the list is endless. I have mined all of these coins in the past.
The Bottom $ is: Would you like your pre-mine blatant or systematic?
There was no literal pre-mine. It was announced on bitcointalk like thousands of other coins have been (twice in fact, since it was relaunched).
Not many participated since it was not promoted and was a little technically challenging (though the relaunch had a community-provided mining guide). This of course was by design. Not "hidden" though. More like hiding in plain sight.
I think you missed my key point though. There are far fewer than 215 major SP holders who got staked by the early mining. More like a few dozen at most, a good number of whom were Steemit employees or contractors.
@smooth So let us call it a blatant pre-mine compared to a systematic hiding. To me this is irrelevant. This BIGGEST question of all is how we address it?
In fact, every pre-mined cryptocoin has ultimately failed - whether the pre-mine was hidden or purely blatant. Steemit is not an exception.
We must adapt or die. Just ask Ethereum.
...Mmmmm...all this sounds like a post for today...
Why Steemit Needs To Reach A Unanimous Agreement To Hardfork Like Ethereum - To 'Smoke Out' All That Blatantly Pre-mined Steem Power (SP).