"I believe that good people don't have to resort to bad things, just because bad people exist-"

This is my favorite part of Dan's transcript and rightfully so. When a person thinks about cryptocurrency and blockchain technology, the first thing that comes to mind is that every system is decentralized and connects people as individuals away from governments.

This couldn't be further from the truth. In the POW (proof of work) structure, every miner is fighting against one another to be the first to solve an algorithm to get the reward. They have no duty to others, and you will never meet the ones you pay hefty miner fees to. If I remember correctly, the majority of miners are warehouses large- Controlled by select groups and people who can afford to run the hardware required.

Even in POS (proof of stake), Those who were able to afford enough stake (in coins) from the beginning to qualify as a node holder are the only ones permitted to profit.

Both systems are heavily flawed, and put the wealthy at the top and otherwise have everyone fight to collect fees.

DPOS (decentralized proof of stake) does solve this. By allowing those with large stake (like in POS) to have some influence, while allowing people who posess a strong interest behind a specific blockchain to be voted as a block producer/witness by peers. You can be voted in or voted out based on your deeds and your own contributions as a human being to the blockchain.

Transaction fees had to be added on top of miner fees in the POW system to make it work. In DPOS the is no block reward because witnesses are scheduled to produce blocks.

This is the reason STEEM and SBD don't have transaction fees that come from an individual. Forgers/ block producer fees are accounted for in advance in DPOS.

...

The more I look into it, the more interesting it gets. Dan Larimer invented BitShares, STEEM, EOS- and the DPOS model we're using today.

This is a model in which everyone benefits greater from working together, without having value bleed out from fees. This game in a sense is considered "free to play".

In Dan's vision, a person doesn't need to resort to violence or deception of others to "get ahead" in their own lives. If you have money it's cool, but if you don't have money- it's still cool, as long as you want to do good for others.

That's the whole point, and it's a great one to have.