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RE: Are STEEM Witnesses A Cartel?
I've mixed feelings on DPOS, as developer i like EOS and free txs for dApps, as investor and store of value I would prefere a cryptocurrency where the inflation is not in the hands of a few people.
I agree a lot with what you are saying. It is a double edged sword. It certainly can end up being a cartel and like you said a lot of the inflation ends up in the hands of a few people.
It is a very tough situation to balance. We would all hope that everyone would really work hard to earn their keep and there are several witnesses that I believe add a ton of value and earn their keep but then others I start to wonder and then start just shaking my head but there isn't really anything I can do about it as far as this chain is concerned.