RE: Justin Sun, This is how you win our support...
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The fact that steemitinc has always had such a massive stake (and the way it was attained) has always been a problem
I am not sure if it was such a problem tbh, as it allowed for some stability early on, and they barely used it. 250M (I think it was) was insta-mined and yeah, it could have been used better early on, but part of that was because of those in charge of the distribution of the pool, interestingly, some of the highest earners on Steem, many of which have long cashed out.
I think it would definitely be in his long-term best interest to support full decentralization and continued distribution spread. Hopefully he understands what that means in practice.
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Thanks for sharing :-) I don’t know what went on here in 2016 and early 2017 beyond what I’ve heard so I like to hear others perspective on it. I’m not dogmatic. I am not against centralization in each and every circumstance, I just want to see a path towards decentralization that doesn’t look like BS or that isn’t just all words. Trusting those with massive amounts of power to relinquish power without a mechanism to ensure they do so is how communism gets it’s bad rap. We can trust those in power when they show willingness to relinquish some of their power.
Govt gets a lot of things wrong but one of the things some of them got right is the concept of a balance of power.
Not sure how true this is, but some at least seem to try and not be evil :)