My fear is that Steemit is becoming a haven for fake news and horrible facts. Because there is no report function, an entire audience can flock to a particularly appealing bit of fake news, superstition, or otherwise horrible piece of information. This drivel then gets propped up by its own echo-chamber audience.
Combine that with all the digital libertarians and crypto-anarchists on Steemit, and you've got a recipe for a lot of terrible information getting a lot of traction.
This is a valid concern. Steemit allows everyone to have fake screen names as compared to people using normal real names. At least the vast majority would.One of many flaws I hope the founders realize is that Steemit should shift to real people, real photos, real Linkedin pages....if not, then this is nothing more that a web site hyping Bitcoin and Steem.....I have 30 years experience and the current Steemit Model will fail if not modified. Also, for the short term at least, the value of Steem is grossly overvalued for this web site of bloggers all posting under fake names....about 5% of the cyber currency and 80% of the art, travel and cooking have quality...everything else being posted is crap....Do you REALLY believe that Steemit web site with its currency is worth a WHOPPING $419 Million? No way in hell. With quality of the authors plunging and the cyber bullies running out of control, then the value of Steem is a extreme risk of falling, not rising....someone is going to come along and clone the Steemit model, make it better and win if the Steemit Founders do not wake up.