RE: 😨 Are You Scared Of UPVU Yet?
In my opinion; there are diverse perceptions from the look when it comes to UPVU; to many investor its an avenue to bring profit back from their investment and which Is not a bad ideas ? Ofcourse it's not bad, but, still their expectations has it be met? Plus is UPVU has not changed the rules of the account creation itself?
These are many questions we all have no single answer to it, but, I am sure of things before the split of Steem & Hive the issue of "centralized " was the Genesis of the division between this two platform, majority of people rise against the fact that some BID bots are milking the Pool from the platform which lead to seriously chaos and at the end, the split occurred!
Reasoning with your points in the ABOVE:
As of today, that's 31,000,000 Steem Power potentially proxied to UPVU to choose Steemit's witnesses and therefore the sole decision maker on the future of this platform. No more xpilar, no more steemchiller, etc. - just UPVU.
So the window is closing. As UPVU Boost gains traction, Steemit will slowly lose its ability to stop it.
The goals of this great platform against the "Centralizes" and you point out from this above point, UPVU has become more than anyone could imagine, how can you stop them? This 30,000,000 Steem Power we are talking about here was contributed/delegated by the Communities right?
Then, it is up to those investors to decided if they are happy with running system of UPVU; Steemcurators01 , SC02, SCO3 et al, they all have been doing great work so far and their impact can be felt on small account and big accounts, but unlike UPVU is a Community support to strengthen UPVU goals and objectives! But who knows if the investors didn't look/ see anything wrong in the system!, We must remember it is their money, you can't decide for them, but I will employ them to see it from another angle, aside their return profit from the investment, is there anything negative coming from UPVU account that needs urgent attention? If Yes something should be done, if No, then it's UPVU investors to decide that.
Lastly, UPVU delegators has the final decision, but if an account could have more Steem than Steemit.inc itself, then what I call centralization/totalitarianism could occurred and if there is no law or rules or guidelines then I sacred of the consequences this might brought to Steemit. Not to be judgmental, but to express view, if UPVU could give 50% back to Investors and 50% back to Community since those Power came from the community too I presume it will be a good idea , but like I said early, this decision is left between UPVU and its Investors.
Thanks for sharing your view.
Regards,
I can't dispute anything that you say - the investor / blogger relationship is one which was vitally important when I joined - both were required for success. Now the relationship is heavily weighted towards the Investor at the expense of the blogger.
The reference to Steemit essentially reacting to "market forces" is true. Steemit has become what its users have made it. Similar to the way in which a new industry (e.g. social media like Facebook, etc.) regulates itself. i.e. self-regulating. But... if an industry fails to regulate itself appropriately (e.g. Facebook again), then legislation is imposed by governments (i.e. Steemit Inc) to ensure that industries behave within some bounds that ensure its of benefit to the wider society.
At some point, this "legislation" will be required on Steemit if the blogging element is to survive. The STEEM token will live on irrespective of what happens to the blogging side of things. Unless it's decided to "let anarchy rule".