I agree for the most part. But STEEM started with a massive problem of initial wealth distribution that actually came out of mining. There are many whales who neither earned (via proof of brain) nor purchased their stake. They just mined it. We lacked proper initial distribution.
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I’m so happy to see people talking about betterdistribution. I don’t know much about math but it seems pretty obvious to me that the more distributed the power is among individuals who care about others and contribute to the platform, the less of a problem we have because we can pool our efforts to steer the direction of the platform, rather than being forced to trust a few ultra whales and witnesses that they back up to work it out. Since I’m not good at the math though, I mainly focus on the human aspect and helping keeping great content creators here and bringing them together.
I think whatever that's going to be based on SMTs are going to have some better distribution. We could even end up seeing people using SMT based sites/projects more than STEEM itself. If this ends up happening, the initial distribution problem will be more or less taken care of. STEEM would keep increasing the value while SMT projects creating better communities through better distribution.
It was really stupid to mine STEEM in the first place. A pre-mine and a faucet would have been a far better option. NANO actually did this and it ended up well.
I've read about the lack of proper distribution, but don't know enough of the mechanics to discuss other methods that would have worked better.
I'm no expert either. I think EOS did a great job with distribution. I think public mining was a disaster. Proof of Brain with somewhat high inflation would have done a decent job coupled with a lengthy auction of STEEM like the one EOS had. People have incentive to be early adopters as there would only be a short high inflation period and those with deep pockets would actually have to pay for their stake and more demand they create, higher the price would be for Proof of Brain crowd. Nothing is perfect. But that would have made things better.
Also a faucet that reward people for http://steemitboard.com achievements would have been nice too. That's just my suggestion.