did you not read the post they own 80% of all steam, that isn't decentralised, they control everything
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did you not read the post they own 80% of all steam, that isn't decentralised, they control everything
Absolutly.
Their intentions and plans are true. It is clearly shown in their actions to make the platform stable and secure, etc.
After all, there is a certain amount of risk in everything isn't it? It's everyone's personal choice to be involved in Steemit or not. I'm in. You make your own choice.
@tomaso88: I hope you see this as I can't reply directly to your comment due to comments nesting limitation.
They can't easily run off with everyone's money. 98% of Steem is vested, as in it's Powered Up in Steem Power. Even if they power down, it will take them 2 years to run off with all of it.
but the system is clearly not decentralised as they claim it to be, they can easily run off with everyones money whenever they chose to
I'll reply here as 6 is the most nesting you can do.
It's only the begging of Steem. It's normal that they hold the control.
If you choose to look at it that way yes they can run with the money and the story ends. But there is the other side of the coin too: They hold control and are able to keep the environment safe until it has grown enough to sustain itself as Bitcoin or ETH.
but it's not fair to users who are investing in real money at the moment when the current price of steem clearly won't sustain and will go down dramatically due to so much steem dollars being given out every day
Fluctuations are to be expected Tomaso. The Steem team has even though about a way to counteract inflation and they added interest on the money kept in the Steemit Wallets. See the white paper or posts that detail this subject.
Nobody is saying it's not risky. We're talking about crypto here and volatility is at home, but the actions the Steem team has been taking so far have kept things under control (security implementations, accounts signup pause etc.).
Like I said, it's everyone's choice to take the risk or not. I always say don't ever invest more than you can afford to loose.