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