There Is No Perfect Distribution System

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A lot of made of distribution of tokens and the accusation is how it is "unfair".

This is an interesting take on things as if people are entitled to whatever someone else has. It is an epidemic we see throughout the cryptocurrency world, let alone society in general.

Watching the BEOS distribution really brings this point home. Someone posted the Bitshares Whales that staked a huge amount of tokens, thus netting them insane amounts of BEOS. Some of these people are going to end up with millions of BEOS simply for posting their Bitshares.

Of course, this is completely unfair. I can see the accusations coming of how "lucky" these people were to be able to get them for free and how they are mean people who do not care about anyone but themselves.

Sound familiar?

It is what we read on here with regularity. The Steem Whales are the same way according to the rhetoric. They do not care about the users and only are here to make money for themselves.

If we give it some time, I am sure we will see the same thing said about @steemhunt and @actifit. After all, there are some large token holders for each of those platforms.

I am one of those "lucky" ones. I have a good amount of Steem as I work towards Orca. The system is so unfair and I am privileged to take advantage of it.

So how did I fortunately come across so many tokens?

Perhaps the fact that I post twice a day, every day, for the better part of a year and a half. I think the only time I missed posting was when Steem was locked up after Hard Fork 20.

There is also the early adopter status. Those of us who got in early were able to buy STEEM when it was cheap. I guess this is really favorable to me since I made a number of purchases in the multiple thousands of dollars. Of course, most of my purchasing was done between $1.30 and $2.00. When STEEM was $8, this looked like a deal, not so much anymore.

My point is that those who complain are often ones who look a gift horse in the mouth. If I could purchase STEEM at the prices I did, why are those who are complaining not taking advantage of the price of STEEM right now? One can get 6-10 times what I bought in my first year on the platform.

As an aside, I added STEEM in the 80s, 60s, and 30s since the bear took hold.

I saw a lot of people complain about distribution systems but yet have see anyone propose an ideal one. The BEOS situation is a prime example. It is open to any Bitshares holder who is willing to stake for 89 days (or any part thereof). One is free to buy BTS and immediately stake it. This is completely voluntary and the BEOS costs nothing. It is a drop upon those holders who opt in.

Yet people are still complaining it is unfair. Bitshares is around 6 cents meaning $600 will get one 10,000. This alone would get someone between 60,000-80,000 BEOS if staked the full term.

Of course, when the drop is over, the majority of the BEOS will be in the hands of a few. In fact, from what I am reading, only 600 or so people are involved at all. Here we have the entire distribution in the hands of fewer than 1,000 people.

How well do you think this will sit with people a year or two from now who find that project?

The ironic thing is that it is always those who entered the picture at a later time who are launching the complaints. What is overlooked is the fact that someone who gets involved today is going to be the target in two or three years. The people joining then will state how unfair it is that those of today could buy STEEM for under 50 cents.

EOS engaged upon a year long ICO in an effort to smooth out the distribution. That project went live with almost 50% of the tokens in 10 accounts. I do not know the breakdown, but BEOS is going to end up with an insane amount in a few dozen wallets.

Bitcoin and Ethereum are mined and we know how the breakdown of those tokens look. Even Manna, which is given away to every was complained about because it "unfairly" rewarded those who referred people.

We see the Robin Hood syndrome is alive and well in cryptocurrency.

The difference with cryptocurrency is that the distribution of tokens ends up spreading out. It will take years but there flow is the exact opposite of the fiat world. We see cryptocurrency systems start with the tokens in the hands of a few and then spread out from there. In the fiat world, we see wealth being more concentrated with each passing decade. The flow of money is out of the hands of the masses into the few.

It is only sensible for people to presume cryptocurrency is the same. Operating under this system for so long leads them to believe this is more of the same.

Unfortunately, this blindness causes them to miss the potential to radically change their financial lives. Cryptocurrency is offering the masses something they never saw before.

At the end of the day, no matter what is tried, there is no perfect distribution system. There are always going to be Whales in every currency, especially the newer projects. The important factor is how do things change over time?

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