I'm considering flagging for blatantly misrepresenting me. I will never call for a hard fork to redistribute the wealth. Fortunately, in a DPOS system, such a hard fork could never happen without consensus from the people whose wealth is being taken.
What I called for was a code fork, more along the lines of Golos. Start a new chain altogether. It would be the Litecoin to Steem's Bitcoin. @smooth pointed out that this is not strictly legal from a licensing standpoint, so it would need to be a pirate operation. Nothing wrong with that, but as I've been very open about my real-world identity, I will not be pursuing this under my @biophil account.
EDIT MADE: So as not to imply you and keep you happy :-) I hope Golos can do what Steemit SHOULD be doing RIGHT now!
P.S. @biophil - I know how you feel. But for those in the know in cryptos, you can have the BEST community in the world, but a ninja mined / pre-mined crypto will always fail unless the founders disseminate their early gains to the community quickly. Other crypto-coin have done it - but not Steemit. This may be the rock they perish on. Dutch courage must be taken to reverse the price slides of today. URGENTLY!!
P.P.S. @biophil - a small STEEM token donation has been made to your account for any confusion caused :)
Haha, thanks. No offense taken.
Did you notice $10 million has fallen out of STEEM's market cap in 24 hours?! OUCH!!!
(From $62M to $52M!!!)
Not pretty. But everybody should have known all along that Steem is in a classic Auroracoin situation. The market cap (deliberately?) misrepresents the amount of liquid Steem.
Auroracoin currently resides at $0.11 just for interests sake.