If Dan Larimer learned one thing about Steem, it was that the initial token distribution is very important
This is actually one of the 2 main problems with STEEM. We don't have a proper constitution resulting in a stake based democracy instead of something like a republic. The other was the POW mining. Early on I was glad to hear @dan mention a constitution i one of the old presentations I watched and I can't think of any other coin with better initial distribution tan EOS.
completely agree. There's no real system of governance in Steem. Sure, we get to vote for BPs, but there's nothing really holding us together in a moral contract.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The early miners are also at a level of "Almost nothing at stake". I heard STEEM used to have 100% inflation too. So we basically have something like the Dash fastmine/instamine. But Dash isn't a "social" project and Masternodes are just voting on budget proposals. They have incentive to vote wisely. They don't control overall reward distribution like STEEM. They can't just vote themselves free money.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit