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RE: UK dropping down the Steemit ranks
Steemit has some real problems that are showing now. Inequality is the largest I think, if you have 21.6M VESTS like me, you will, simply by voting for your own posts give yourself 1.55 Steem (Steemnow) on top of that your curation will also give you more. You will always be on the exponential curve of Compound interest and you will always be richer faster than the ones who are poorer than you. Votebuying actually shakes this up (a little), but it also makes the whales much richer, and destroys the whole concept that quality writing should be the principle the new Steem was distributed from.
It will be exiting to see what will come of it all. I would like to see more democratic governance not or only partly based on SP.
I don't think these issues are enough to destroy steemit. The inequality was built in from the start and is meant to reduce abuse. I think most whales have an interest in it continuing. People are trying out various new business models. It's still evolving
No, not destroying it, but I was thinking in terms of adaptation. The larger the economy the less chances you have as a new user. That is what I find problematic. I know that the system was thought to be able to reduce abuse and promote quality, but I do not think this holds up with reality. There are good things too of course, the best thing is that prices have actually been reasonably stable even through the last Bitcoin bubble. SBD is a failed concept I think, but it has compensated people for the lack of rise in Steem.
So all in all we are still floating :)