@mudcat36,

I have to admit, I was astonished ... and not in a good way. The whole point of conducting a $4.2 billion ICO was so that someone would finally have the capital to "do it right" ... like something we'd expect from a Fortune 500 company. I've seen far better performances in High School theatrical productions.

The actual announcement aside: Supposedly one of the world's leading cryptocurrency production teams released a crypto-backed social media platform ... that wasn't crypto backed! Tokens whose only use is to amp comments! Are you kidding me? That's what's supposed to attract millions of worldwide users!

The problem is that these computer guys have never lived in the real world and seem incapable of distinguishing between that which is saleable from that which is not. They can't seem to empathize with people sufficiently to be able to intuit their reactions (which speaks to your comment about potential spectrum disorders). I'm not saying any of this to be mean, I'm saying it because it constitute's a systemic risk.

What I'm desperately hoping is that this was a close enough brush with death that it scared STEEM/Steemit Whales and Witnesses into getting serious about reforms.

Please be Scared Whales. Please be Scared Whales.

Quill