You are viewing a single comment's thread from:

RE: If Steem were a country, it would be the most unequal society in the world

in #steem6 years ago

Exactly! The freedom of a decentralized economic system lends itself to oligarchy as there is no higher authority to break up concentrations of wealth and power.

I suppose here though there is the company and development team who can simply change the system's rules so it's not set in stone. . . but then again it's not truly decentralized.

Sort:  

That's where governance protocols come in to "elect" change. The only problem I have with Steem is that other teams are likely eyeing what is happening on Steem and considering how to make an altogether different platform.

I suppose that's what the "witnesses" are for? I still have no idea how that all works. Pretty damn new.

Coin Marketplace

STEEM 0.30
TRX 0.11
JST 0.031
BTC 69345.27
ETH 3816.44
USDT 1.00
SBD 3.67