I believe Steemit is going to have success because it will be always possible to do something good for the community, so the "elite" who has much steem power will remain the elite only continuing to contribute to the project.
What is really good in Steemit is that is a currency free of debt, this is the revolutionary thing. I will try to explain it better in a further post :)
That makes very little sense. Its like Adam Smith putting his faith in the then future bankers thinking they would do great things for the economy and society? Look where we are today? 1% own more than 50% of the entire wealth.
I understand that its a currency that isn't based on debt, like you know, gold. Only this is gold that isn't available to everyone. Therefore a technological redistribution of wealth makes no sense, as crypto itself stops making sense in a world where a computer or a mobile phone is not owned by everyone. There are many countries that have a very small percentage of active internet and computer users. Catch my drift?
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