Let the Politics Flow Out of My System... With a Chart!

readingdanvers (64) · 6 years ago

I am pretty unaware of what is going on behind the scenes but I hope nothing will happen to steem.com

2 votes

cryplectibles (69) · 6 years ago

Unless you are coding something, don't overthink all the soap opera stuff going on. I remember the best thing about Bitcoin Cash forking from Bitcoin...woohoo, you now own both coins! Forks can be awesome. Whatever forks from Steemit may or may not survive and I would personally gladly check out whatever (example, example, example) but I guarantee there are deals in the back end of Steemit Inc that ensure that the company probably won't be going anywhere anytime soon at least.

2 votes

midlet (72) · 6 years ago

All points are better made with gifs. Yea, this was just an insanely terribad idea that took a bad situation and made it worse. It's their stake, they can do with it what they want. Everyone knew the situation when they got here. Steem is centralized, take it or leave it. There's still a ton of potential here and even though I think we'd all love for Steemit's development to be faster, they ARE developing, and the things they have accomplished have made the blockchain better. Where do we go from here?

bryan-imhoff (66) · 6 years ago

I'm even just questioning this sudden surge of people screaming about centralization. Yes Steemit Inc. has a large stake, but I don't believe it is a controlling stake, and they are not exercising that stake to vote for witnesses and won't be able to if it is kept more liquid, stored on exchanges, etc. To my eyes, even if they've run a company poorly, they've always been fair stewards of the stake. They're selling at a fixed rate to fund development, allowing themselves to be diluted by not participating in the rewards pool, funding new user and promising project delegations to accelerate the dissemination of the token more widely, etc. Every single day, Steemit Inc. becomes less of a power on the Steem blockchain.

I honestly believe the community does possess the power now to push non Steemit Inc. blockchain development... we're just not. It's not organized, it's not funded, it's just not there. And it's folly to think it would magically appear if only Steemit Inc. was out of the way. Alternatives should be here already, working in tandem or competition with Steemit Inc., not in place of it.

I'd love to see two things happen. I do love an idea I've seen floating around to create a "one token one vote" system for witness voting. Right now a 51% owner could elect all the witnesses. If each token is only votable once for witness voting, maintaining control of a supermajority becomes much more difficult. Secondly, if a few witnesses or developers I trust formed a Steem blockchain developers organization, to work on the chain itself and not apps... I'd gladly chip in to some crowdsourced funding for it.

$0.03

midlet (72) · 6 years ago

I'm not much of a screamer but I have written before that my greatest concern here was how centralized it was. Everything you're saying about how Steemit has used their stake is true as far as I know, but I just never liked the idea that at any point in time they could choose to not be fair stewards. They COULD become total tyrants even though they don't and it would be stupid to do so.

But I've mostly gotten over that as it's just the cost of freedom. It's their stake. That's what it comes down to. I don't think they will, but if they wanted to they could just dump it all and go do something else, and as long as we're here knowing that's an unlikely but possible scenario, that just is what it is and it's on us whether we want to be a part of this journey or not.

I'm still really excited by the possibilities here, so I'm down to take the leap.

I'd also be super down for a developers trust. Sounds like a great idea.

shortsegments (77) · 6 years ago

Interesting post, I think we should all carefully acknowledge that freedom on the blockchain means people don’t always do what you want with their stake, but that’s what freedom is all about. I also think anyone with the skills can affect the pace of development here and exercising options to create is better then spending time and energy to destroy. But once again those who complain are exercising their freedom to do so, this is a blockchain. Respect those rights also and continue.

🚂 Keep Steeming👍

drwatson (69) · 6 years ago

Is there anything steemers at our level can do to keep the steem community from shooting itself in the vote re: STeemit inc?
Do you have any services you'd recommend for doing physical print runs of comic book floppies?

$0.00

steem-ua (64) · 6 years ago

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cryptopie (81) · 6 years ago

People are just afraid of steemitinc's stake because if ned just told himself "fuck it I am dumping and call it a day" then we are all fucked LOL @brainimhoff
But we just have to give him the benefit of the doubt and believe in his vision and plan for steemit so let us just enjoy it afterall there are other dapps that we can use besides steemit.

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