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RE: The Guiding Mission, Vision and Values of Steemit, Inc.

in #steemit5 years ago (edited)

in decentralized world

This is not "decentralized world". There are actual reasonably-decentralized systems out there and this isn't one of them. Steemit's dominant share of the stake (about 35% of voting stake which is more than enough to be considered absolutely dominant in practice), willingness to use this stake to threaten and replace witnesses, and now the fact that the stake is on its way to becoming invisible means that this is not a decentralized cryptocurrency if it is even a cryptocurrency at all.

Oh, and the 35% doesn't count founders' stake which was split off from the same steemit account, as well as already-hidden accounts (there is no way to know that Steemit's stake sent to exchange accounts in the past was all sold and not powered back up into new accounts), and the mysterious (and heavily witness-influencing) freedom account which is or was almost certainly associated with Steemit in some manner. It is quite possible there could be absolute (50%+) control, although given non-transparency of some of this we really don't know, and given more non-transparency in the future we will know even less.

At best this has promise of future decentralization. At worst it is a complete sham of decentralization.

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Let's believe in the future then. And yes, freedom might actually be steemit's another account. Who can tell...

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