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RE: Steemit... 'Is it Communist, Capitalist, or Maybe Both?'

Hmm... I think that would be investors would only invest if they saw a profit to be made. Right now the way Steemit is coded it rewards the largest stakeholders with the power to divert where a larger percentage of the rewards will go.

Maybe Steemit got that right, or maybe they got it wrong? Maybe it's the reason that we are having this conversation. I say that because it seems like the carrot being waved in front of the donkey is the ability to capitalize off of one's Steem investment.

If you take that ability to capitalize out of play then it may no longer pay off to be a stakeholder in general and they, the profiteers or capitalists, however you look at it, they might simply dump all of their Steem back to the marketplace.

I've got a feeling if they tinkered with the code in such a way as to make everything fair with respect to the reward pool it would suddenly become an unattractive place for investors. It might end up causing the experiment to fail.

I do not know how right or wrong that theory is but maybe one day we will find out with one of these hard forks.

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