Steemit is decentralized but money makes it centralized. What if a multi-billionaire joins steemit, buys 1 billion steem and powered it up? What will happen? It actually depends on the multi-billionaire's purpose. He can do what he wants (i'm referring to a male multi-billionaire). Money can turn decentralized to centralized or vice-versa. Money is infinite numbers. It has no end. It can circulate the entire universe. Even our minds are controlled by money. This is crazy!
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Doesn't seem all that different than billionaires controlling mainstream media if they can pay to have their opinions pushed to the top.
Yep.
Even bitcoin as we know is a decentralized peer to peer that we transact but the fees are getting higher and higher. Its like paying the middlemen. Bitcoin is now under control. Its already in prison, guarded by banks and financial institutions.
hehe mind....blown. capita-what???
capita?
exactly all this stuff is only as decentralised a the people who are using it.
yeah, decentralized people but sometimes we're also scattered people, not united
That is all but taking place now with the Current batch of Whales. The majority of them are like a cliche in high school that cheer each other at the football game on Friday night and bully the new kid in the class room because his hair cut is different or he wears funny clothes.
Yep!
Nothing different actually to elites controlling and playing games with the dregs.