Well it would have been smart if they used their stake to delegate to communities. Yet they were wise to bail when people started talking about forking them out of their stake.
RE: Proof that the Steem Whitepaper Both Schizophrenically Believes, and Does not Believe in “Voting Abuse.”
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Proof that the Steem Whitepaper Both Schizophrenically Believes, and Does not Believe in “Voting Abuse.”
I reckon they revealed what mattered most to them, and it was their stake, not enabling Steem to become a successful social media platform. I doubt @ned et al. could have been more shortsighted regarding that crossroads. However, they got themselves in that position in the first place, which is why it even happened.
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You'll never have a successful social media platform that allows people to snipe value from each other. Arrrrgh, everybody's a pirate now. Reward pool rapists and reward rapists alike. Everyone is sailing the high seas of Steem plundering each other's booty. Isn't that just bloody marvelous!
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Not everybody. As the rapine loses it's luster from Steem price remaining abysmal, folks that have no interest in swindles remain while the grifters move on. We'll see what comes when it comes, if it comes.
While we remain on a working blockchain, every day is another chance that folks intent on forthright speech and voluntarist governance enabled by Steem's unique features prevail over the wanton profiteers, particularly as there remain fewer and fewer of the latter relative to the former. Sooner or later the doors will slam shut, or new management will reform the place to good effect.
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We shall see. I'm curious to see if and when BTC moon, where the smart money is going to go. To a downvote-centric based platform or one that doesn't encourage that type of behavior.
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Bingo.
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