i'm not even surprised this happened, whether it was steem or something else sooner or later it was going to happen, 2017 introduced so many new people to crypto that have ZERO understanding of the core values it represents; they simply do not give a shit about having CEOs or central authorities, they're here just for the money
i'm hoping this is a blessing in disguise, and that it truly opens up people's eyes to REAL decentralisation and staying the fuck away from a CEO coins
I am with you @namiks.
I hope it also alerts people to the true need to decentralize and keep pushing power further out from the center.
Ultimately, I see it being as a collective thing in the industry as opposed to just a single blockchain or ecosystem.
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Yes, but the real issue here was that there was a centralised controlling stake for STEEM right from the very beginning. It was set up via the ninja mine pre-2017 so you can't really blame the newbies.
What happens when a crypto is centralised but everyone thinks its decentralised? This is a can of worms...