LOL
I reckon I'm the one 'whining' here =p. I don't find Fakebook acceptable - at all - cuz censorship. I'm not agin' wealth, but as you know from all my prior whinging, I do think Steemit can keep new accounts it attracts at a much better rate by improving VP decay rates for krill (I still don't reckon I qualify as a minnow), and I openly advocate for weighting VP either by rep, or not at all.
The regulations of the SEC, as far as I understand them (IANAL) regard Steem as a security, since it represents voting shares that determine how rewards are disbursed. This could be bad for Steemit, and very bad for the initial miners that created the majority of the Steem extant. Worse for Steemit is that witness votes are also weighted by SP, and this means that just by buying Steem, a Sybil attack can take control over the witnesses, either getting them to run the code preferred by the attacker, or simply voting in new ones that will. At the same time, this would greatly enrich the present holders of Steem.
These aren't problems that will just go away, so I address them as best I am able. I don't want those things to happen to Steemit, nor do I want more than 40% of new accounts to be 'churned', and abandoned, as they are now. This is more than 10 times the churn Fakebook suffers, for example.
@intelliguy seems to have been here a while, while I am the new guy. Just trying to point your anger at the appropriate target, my friend =)
And, I agree with you about the term minnow. I do not like trying to control what we think by controlling the language we can use, and calling a term 'taboo' is a soft form of censorship, IMHO. Orwell treated language at length in "1984" and similar means were described as 'Newspeak'. I know you are not unfamiliar with Orwell, as you regularly quote from it.
Thanks for being quite clear as to your thinking. I appreciate it very much!
'taboo' is a soft form of censorship
That is all that I have addressed at this point.
Note: consider greenstamps.,
Whoosh!
That's the sound of an obscure reference going over my head. I remember greenstamps. I fail to make the link to my present predicament. I am clearly a dullard. Sorry!