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RE: UK dropping down the Steemit ranks
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 :)