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RE: Decentralized banking system: Why it is absolutely essential, and how Steem can make it happen.
@jholdsworthy - I'm coming to this article late. I'm wondering if it's possible for governments to seize the Steemit website. I imagine they would have some trouble seizing Steem itself, but I don't recall setting up a 24 word seed which would indicate that I own the currency in my hardware wallet. Is holding Steem on Steemit, the same as holding bitcoin on Coinbase?
Steem power is committed to the network so I sense a centralization vulnerability might be possible with SP. I've been a software dev for over 20 years so feel free to be technical if you wish.