There was a ninja mine and everyone pretty much accepts that. When the chain launched everyone else was cut off from mining as if there was a blackout but in reality there was Steemit Inc and a few others mining. After that period several of the witness nodes were being ran by people linked to Steemit Inc. We have no clue who some of those ghost are in the first place. For all we know 3 or 4 of those nodes could be the same person. A similar situation is happening on EOS as well. That is cool that people can earn Steemhunt, DLike, and Actifit tokens but what is that going to convert to? A SMT? I'm sorry but SMTs is like a broken record. We don't even know if they will ever end up being implemented. The layoffs don't help the timelines on getting that accomplished.

The EOS ICO was way different. We had the time element where it was spread out and people could go through the ICO website or buy the tokens on the exchanges where more price discovery was and keep taking positions overtime. I'm still buying more EOS even though the price is above my original cost basis. People have had time. It isn't something that happened over a week period of time. That being said people with deep pockets were able to accumulate more but that part of it was to be expected. I don't ever get pissed about Satoshi having a million coins or someone who invested millions into EOS. STEEM on the other hand has been a totally different story. Trust me there are problems with EOS but as an investor I'm far more satisfied with that decision than the time energy and money I have spent on STEEM. At this point my EOS investment has climbed the ranks of CoinMarketCap not slipped over 40 positions.

The vote decay has to be implemented as well as a system that will move witnesses to a sub 40 position if they have been in the top 20 for more than 6 months. Of course a couple of the top witnesses don't like this idea because they wouldn't be able to just keep building fat stacks for doing nothing. If a legit witness like @good-karma gets rotated out then we can run a delegation campaign to support his great work with the eSteem project. Otherwise it would give others a chance to get in there knowing they had 6 months to really make a big impact.

I bought around 9,000 Steem Power but unfortunately even if I bought 100,000 Steem Power it won't magically correct all the issues here. I wouldn't be able to make a move for a top 20 witness position and STEEM would still be slipping down the ranks of CoinMarketCap instead of me being in coins that are holding their positions better.

I have explained my system of utilizing the internal and external ad system to mitigate the down pressure on the STEEM price on the exchange and even create buy support on the exchange. If part of Steemit Inc's development fund was coming from external ad engine revenue paid with US Dollars they wouldn't have to cash out STEEM to pay for that development and they can use the other half to actually BUY STEEM on the exchanges always providing buy support that would then be paid to content creators as VESTed Steem Power. Everytime I explain that to long time Steemians they actually take a step back and say something like, "Wow, well now that you put it that way....that could actually work." On top of that Steemit Inc could have done a series of airdrops to Steem Power holders of certain levels. 1st airdrop goes to People holding at least 500 SP and who have voted on at least and average of 30 posts / week and have a reputation of at least 45. 3 months later the second one goes to people holding 1000 SP and similar engagement. 3 months later the third one.....etc. You get the point. That way some of the distribution issues get solved and people HODL and buy more and engage to chase the airdrops. We have seen the airdrops and forks be successful for a lot of projects. So no I'm not just reverse circle jerking and actually my ideas are somewhat orginal. If all these thing were implemented it would solve tons of problems. I mean fuck even if Steemit Inc just threw up ad sense banners on Steemit.com and used that as part of the money they are paying expenses instead of selling STEEM our investments would be better protected.

95% of the crypto market is speculation but there is no reason something like STEEM shouldn't be way more insulated from the rest of the crypto market. Steemit Inc ultimately ended up with hundreds of millions of dollars at one point. How many advertisements did we see about Steemit? How much marketing was being done. You are saying that people don't know STEEM Well enough. Well Why didn't Steemit Inc use some of the money to market and educate people? EOS is running top notch hackathons. What was Steemit Inc doing?

DTube is a cool project and codebase but I had so many problems trying to upload videos that it became a waste of my time because even if I got them up it was a big time crapshoot of trying to get an upvote there. Plus your videos don't stay around very long. I uploaded about 18 videos there and had another 6 or 7 that failed to upload and now I don't think any of them are left up because they aren't stored forever. I get it... hosting is expensive. So it is a better use of my time to just upload to YouTube as an unlisted video if it is Steem specific and just embed it in a post I do through eSteem or Busy.org. As far as my content it is pretty unique for Steemit. Some people have taken the route of just creating a content mill where it is like the same post replicated over and over again. I guess they are playing the game right but I always wanted to just post whatever was on my mind and have more edgy content that people can laugh at. Plus some of the stuff I type I'm just entertaining myself over here.

EOS is technologically superior but the code base isn't as deep yet. It is improving rapidly. STEEM has a larger codebase but a lot of it is front ends to access this blockchain which is cool. EOS is more of a blank slate but with tokenization already built in and the ability to deploy smart contracts things being built on the EOSIO software will go exponential. There is already more activity on EOS than on STEEM. So if we are going by the amount of transactions occuring then you could say that EOS is better. I don't accept the answers given to me because most people who have been here long enough agree with me. STEEM is sinking. @ned could have done better. STEEM has been a cool place and an interesting experiment but it hasn't been a very good investment for most people. It didn't have to be that way. It has so much potential. I have used my energy for more than just bitching and complaining. I have submitted a pitch deck and talked to EOS VC to create a social network built on EOS with some of the issues resolved that I have talked about. The issue is it would cost millions to pull it off because it would have all the best features of these sites connected to STEEM in one place. Imagine Steemit.com, Busy.org, Steempeak.com, DTube all in one place. Hosting video becomes the biggest money drain. So maybe it doesn't happen but I can tell you that I have been doing more than just bitching. I'm also running a witness node on another chain and it has a lot of the same problems as STEEM intially because it is a clone and getting liquidity in and out is an issue there. I wish you luck and I'm not completely leaving and some people will say this is some sort of capitulation post but if they are following me on Instagram , YouTube, or here I'm investing in a lot of different cryptos.