I 100% Agree with this.

But what is worse is that SteemIt BARELY uses their own Network.
So they Pre-Mine a fortune out of the Crypto and then wait on EVERYONE ELSE to pump value into the Crypto that they didn't EARN but instead just TOOK right off the top for themselves.

And over a year in Beta, these guys have the audacity (or ignorance) to promote the new paint job and a NEW Token... while the entire network remains almost unusable.

This will be an interesting end of the year because I'm expecting ANYTHING ELSE will come on the scene to replace this mistake.