That is deeply concerning. This means that it may be exploited in the future by less reputable people. People that don't care about the long term value of Steem, or don't care if their own actions fuck it over for everyone, as long as they get their's, just like they've been doing with Steem.

I am seriously concerned about the centralization as well.

I like the idea of the community and rewarding with different coins...but if I did end up coming up with a killer idea...would I even want it to be centralized like that, when I hate it so much in things myself, even if it meant making a fuckton off of it? Would I have to plan on eventually having it controlled by a non-profit if it was successful? This is not the kinda stuff my brain is used to thinking about and I don't like it. I prefer thinking about how to do things.

I actually just bought some PAL though, because my upvote on PAL is pathetic. I bought an extra 100 and put in buys at lower spots, just in case. Because I don't have the money to get a fuckton of PAL right this second...and I'm not sure if I would want to, because things aren't abundantly clear what the future of it will be.

Possibly the most positive thing in regards to possibly actually sticking around and building something good is that Minnow Support issued the coin and it's done by one of the largest communities here. I don't think they'd cut and run with all of our money.