Well said phgnomo. What happened to Steem is now a vulnerability to any DPOS blockchain. There are frustrations among the Tron community as well for similar reasons. Binance is Tron's top Super Representative (witness) as they use their user's trx to vote on Tron blockchain. They achieve this by paying users a bit more than other Super Reps do. But, do you really want exchanges calling the shots on your blockchain. No. I am of personal opinion that Steem would benefit by coming over to the Tron blockchain. There is a lot both chains can learn from one another.
You are viewing a single comment's thread from:
To be realistic: This kind of scenario is what you got in every cryptocurrency.
DPOS means that the chain is in the hand of some big stakeholders which tend to be the exchanges.
POW means that the chain is in the hand of some bigass mining-pools.
Choose your poison.
Btw. that´s part of libertarianisms general tragedy. Libertarians love the free market, but the big players on the free market don´t care for their libertarian dreams.