RE: Open Letter to @ned and all Steemians - Stop the wars and the abuse of steem power, we are only damaging Steemit!
STEEM is not decentralized. From the beginning it was and still remains highly centralized. The launch of the STEEM network was heavily rigged to ensure that the developer and his ‘friends’ had control over majority of supply. Furthermore, this has major implications for the Steemit platform.
The top 247 accounts on Steemit (most of which are probably owned by the developer and his ‘friends’ through duplicate accounts) own ~87.50% of total stake, without including the main steemit account which is also controlled by the dev. Although any user can vote for content, the influence of your vote corresponds to the amount of STEEM you convert on your account. This means the typical user’s vote is almost meaningless unless they manage to acquire a high stake in total supply.
https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156
It has been decentralized the moment that it got forked into Golos, Wake UP. Who cares how much of the stake is owned when the freaking CODE is free to copy and paste wherever you want for whatever you want? What's the problem with them holding a huge stake in a decentralized platform? It still doesn't make the fact that it's decentralized any different or less, it's not "a little decentralized" ok. When you speak of centralized power you are referring to how the voting power is distributed into a group, and it is not so as the group isn't officially or unofficial a Group even, only a distinction you draw based on opinions and not fact, so it's completely a value judgement from your personal viewpoint and NOTHING more.