Yes he did read the whitepaper, but to really learn how the system works (The Steem, Steem Dollars and Steem Power really confused me as well) you need to immerse yourself in the platform. Even though he believes steemit to be some sort of long con, if he took the time to make a profile and play out some of his flawed guesses and actually educate himself by doing, he could then be far more qualified to speak to others.

The whitepaper does get quite technical, but at 44 pages, it covers far more than most other cryptocoins do.

I don't think anyone can dispute that there are some great intelligent minds that put a lot of man hours into formulating how steemit should work.

If @ned and @dan were to be trying to "scam" users out of money, I believe they could have done so in a much simpler way.

I don't know much about the reason POS is so much more represented than POW, but to be a hybrid system, it does not need to be 50% of each as he seemed to point to.

For the knowledge that Tone Vays has, I would have expected a more concrete fact based discussion, but instead found someone with deep seeded distrust trying to convince himself that because he didn't like someone's previous work and found the system confusing, that people should immediately throw up a caution flag and think this must be a trick.

Obviously those with larger platforms will receive so generosity from the whales, since the value of their steem power is dependent on quality writers and passionate people.

Everyone is entitled to their opinion, but sometimes those opinions seem so foolish that they are laughable.