I remember reading that one of the reasons, if not the main reason, for @steemit having a such huge wallet balance was to have enough Steem to create accounts far into future. Now that they're scrapping this plan and introducing a totally new coin for just this function, will there be a burning of some % of the vast tokens that were (almost insta)mined for just this purpose? @ned care to chime in?
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And how hastily was the whole system coded up if the creators couldn't see this as becoming a problem? Or was it ever supposed to run this long or gain this much adoption? @dan being the genius couldn't see this flaw?
Any opinions?