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RE: In Response to Shayne's Post - A Tale Of Two SteemIts.
It is stake based, but it's the idea of stake providing power without responsibility that is allowing us to let the place rot. Either we have power and responsibility, and violating that responsibility would be corruption, or we have power with no responsibility ("it's my stake and I can do whatever I like with it"), which is utterly flawed.
Oh demotruc, responsibility to whom and what? On behalf of whom or what.
I agree it might be a flawed concept and some of the behavior is probably self distructive for large stakeholders, but I can't find a moral flaw in selling, renting and leasing an asset to someone else.
Responsibility to the community. It's by community consensus that power is granted, responsibility should come along with it. Steem is a project in collective governance, it's not just a social networking site. For it to work that has to be recognized, even if the goal was simply to be a social network that pays.
If it undermines the system as a whole, which is owned by not just you but every other stakeholder, that is a moral flaw.