You have to support projects since the 1.That stake is premined and they have no business holding so much STEEM and 2. Most platforms have a hard time competing since STEEMIT has no beneficiary fees.
If they burned a part of the stake or added beneficiaries to STEEMIT so others can compete for users then id be ok with the canceled delegation. They seem to still be uninterested in making any smart moves.
It wasn't "premined." But it was mined for a specific purpose and has so far mostly not been used for those purposes. It was specifically stated that the stake would NOT be used for voting on the platform. So, they get around that by delegating it to other projects of their choice to be used for voting on the platform? The effect on users/investors is the same and contributes negatively to demand for STEEM and SP.
Well, that sucks for the other platforms. Maybe they ought to figure out different revenue models and create interfaces that are actually appealing to users that aren't already in the Steem bubble and mostly just looking for more ways to acquire and dump tokens. Because other interface developers aren't good at meeting demand and creating appealing products isn't a good reason to go back on your word and dilute actual investor influence.
They'll never do that. I've been banging that drum for a couple of years now. They don't care and most of the platform has the same failed mentality of "Delegate to projects, guys!" You know...the stuff that consistently makes STINC look terrible/incompetent (because they suck at making good decisions with their stake) and drives away good investment.
I think it's more than being "uninterested." They're just wholly incapable. I would support protocol changes that fork all official STINC accounts out of Steem.
That's the fork I would be glad to see!!
Well, it kind of was. But lets say it was ninja mined unfairly.
The fork would be a huge risk.
it would work and dont see much risk for whoever implements,
also i think it would be very popular due to
this would have to happen before steemit inc accounts have powered down moved and sold so within 3 months
here's what they did exploiting system with stake to farm millions of SP god knows how much they've taken through upvote bots and various anon accounts farming
for a fork to remove steemit incs influence to succeed would need to remove all steemit inc farming accounts also as a significant amount exists with them