Steemit needs also to be managed centrally somehow ( as you have to login, there is a webpage etc.) Besides, the money is virtual, how does it differ from 'central bank' which is managed centrally. If the state declares steemit as a danger and would like to shut it down, they could just shutdown steemit servers and thats it, the virtual money is gone. Is this correct?
steemit retires facebook
8 years ago in #steemit by loki7523 (29)
$0.05
- Past Payouts $0.05
- - Author $0.05
- - Curators & beneficiaries $0.00
- > esteemapp: $0.00
I think they could shut down Steemit and Busy.org, but not Steem. One thing is the website used to view the blockchain, another thing is the blockchain itself.
And if I am not able to login anymore, how do I get the money?