@charles1
It would feel really good if Steemit becomes like one as mentioned above.
Well, talking about risks like hack on exchanges.
The Decentralised exchange concept is prevailing with new startups like Bancor (BNT), etc. But, it is in infancy state and shall be ready by atleast 1 year.
And if Steemit wants to become like one, then possibly @dan , the creator of Bitshares, Steemit shall have to be on-board.
And he is busy with another project called EOS - often referred to as Ethereum 2.0.
Let's see the future of Steemit.
Yes I know..@Dan is very busy but steemit has other top managment gurus
Ok..thanks for info...
But this update is not at all a simple one. Rather one needs to change from the crypto algorithm side (Mining) as well.
You can do it with innovation and design thinking