Steemit has no accountability and is therefor destined to fail.

in #steemit8 years ago (edited)

As great as the original idea of Steemit may be, the decentralization has an awful flaw. Being anonymous is not always good, especially in the business world. Legit businesses are out in the open. They have an actual address. If something goes wrong, you know who to hold accountable. There is no hiding.

So how does Steemit operate? Well we have seen two faces, one of @dan and the other one of @ned. But that doesn't mean anything. How do you prove that you are actually running the show?

That's easy you say. Just google it. Right. Because that's how you find the "truth".

My main concern here right now is that all the big whales could have thousands or more accounts. They own it all. How do I know you didn't hire people to put on a show for us newbies?

I asked before, where does the value come from? Steem itself is worth shit. I got an ocean front property in Arizona for you to buy, hurry it is on high demand.

You people better not be messing with us. You never fuck with someone's money or wife. That where the line is drawn.

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The value comes from the input and time of the content creator, and the input and time of the curators who view content, upvote, reply, and share. The actual currencies are created directly from the blockchain. Never fuck with @ned or @dan. That is where the line is drawn. Wives are debatable :)