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RE: Response to Steemit inc. Layoffs | Community Coding for Steem: Let's Make Steem TRULY Decentralised!

in #steem6 years ago

Thanks, yes! To be clear - in the video, where I said that I think that sometimes investors are listened to too much, what I meant is that people want upvotes and so they tend to pay more attention to people with larger amounts of Steem Power - regardless of whether those people have experience or understanding enough to produce good ideas. At the same time, there are those who don't have as much Steem Power but do have good ideas - who tend to get ignored. Really this is another example of 'proof of wallet' overcoming 'proof of brain'. 'Proof of stake' does relate to money, but it also relates to time - since someone could stake a lot of their time and not get rewarded much, not because they have no brain but because those with Steem Power don't notice them.