steemit

steemit is a blog that runs on the steem blockchain. It’s inflation pays Steem Power holders and content creators. The steem power holder’s upvotes determine how much inflation goes to each blog, post and video..


@cardiff

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Disclaimer

Steem is a great idea built on a sound model. That’s why it’s currently the #1 social crypto on the internet through 2018. However, it’s major flaw is rooted in its distribution of financial power. Steem power is a bond that influences the direction of inflation. If 80% OF THE STEEM POWER IS in ACCOUNTS THAT ONLY 5% ACTUALLY take the time to influence, then there is ARE valuable influenceRS on the platform.

TOP CONCERNS

  • ALL THE LIGHTS ARE RED.

  • THE TOP 1% OWN A VAST MAJORITY OF THE SUPPLY.

  • THE MINNOWS ARE DOING ALL THE “SUPPORT WORK”.

  • 50% ARE ACTIVELY CURATING CONTENT CREATORS.

BOTTOM LINE, MANY OF THE TOP ACCOUNT HOLDERS DON’T HAVE ANY POSITIVE ACTIVITY. THEY ARE FINANCIALLY CONTROLLING THE ENTIRE CURRENCY, BUT AREN’T ACTIVE! SO THERE’S A LULL IN THIS CURRENCY AND IT LEAVES ROOM FOR RISK BECAUSE STEEM HAS ONLY ACQUIRED >1% OF THE SOCIAL MEDIA MARKET SHARE WORLDWIDE.

JUST SAYIN…

THINK ABOUT THIS WAY, WHICH SOCIAL STARS ARE GOING TO SPEND YEARS BUILDING ONLY TO GET DUMPED ON WHEN THE 1%’ERS DECIDE TO CASH OUT ON THE VALUE THOSE CONTENT CREATORS PIGGY BANKED.

SERIOUSLY, STEEM IS GREAT, BUT I WANT TO BE APART OF A RESET STEEM THAT HAD A MILLION PERSON LAUNCH PARTY WHERE POW MINERS STARTED LIKING CONTENT CREATORS AND INFLATION WAS very, VEEERRRRYYY LOW. I’D LIKE TO SEE A 10 YEAR CYCLE WHERE INFLATION GROWS AND CONTRACTS..

>>> BIBLIOGRAPHY COMING SOON <<<