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RE: Steemit's design flaw
I should add though, that owning 85% of the Steem supply is a concern if the Steem blockchain wishes to create a platform worth building on top of.
I should add though, that owning 85% of the Steem supply is a concern if the Steem blockchain wishes to create a platform worth building on top of.
We don't own 85% of the Steem supply. Steemit, Inc owns less than 46% (last I checked) and a large part of that is being used to fund development of the blockchain and other open source software.
It should be very clear that we do not want to retain such a large influence, it is a liability on us and on the blockchain. That said, it is very critical that that STEEM end up in the right hands at the right time.
Distributing and allocating STEEM takes time to do right and a "rush" will end up hurting STEEM.
Thank you for clarifying @dantheman.
Interesting.