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RE: Idea on how to save Steem & Steemit......and put it back on track for reaching it's potential

in #steemit7 years ago

I completely agree with you. I would have preferred a permanent distribution but it has become all too clear that is never going to happen. If the majority of steemit stake is delegated for countering abuse, it would be a hard thing to ever revoke. The community wouldn't stand for it. My objective is to stop the rot asap and give steem a chance for all the good that is here. If that doesn't happen and soon, once a much improved alternative is available, I will advocate for the community to migrate to it and steem will wither. It is truly horrible to witness how much of an advantage the worst people get from abusing the system. It makes me numb when I think about the horror that central banking printing has made possible.

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Hopefully the stakeholders in Steemit have (or gain) the foresight to take care of their investment, but they haven't instilled much confidence so far. I think there are a few protocol changes we'll need to get through to help align stakeholder incentives and make the network sustainable, starting with a longer vesting schedule and curation rewards for downvoting. If current large stakeholders (including Steemit) can't be convinced that change is necessary, a fork may be required to save the community. Hopefully that won't be necessary. Regardless the first step is education about the economics surrounding Steem and what it will take to keep it alive. @bethwheatcraft started the #fight4steem tag to help in that effort. I doubt Steemit is going to be a leader in this at all. They'll probably only move on it in response to community pressure.