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RE: February ’18 New Steemit User Report – Blockchain Business Intelligence

in #utopian-io • 6 years ago

This is precisely why Proof-of-Stake, or in Steemit's case, Delegated-Proof-of-Stake is fundamentally flawed.

Biggest "pile" of tokens wins.

A pareto distribution with an infinite tail of obscurity.

6 years ago in #utopian-io by
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     6 years ago 

    so true but not funny...

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       6 years ago (edited)

      I'd wager a significant fraction of "new" users are just duplicate accounts created to sponge off the reward pool without producing anything useful.

      Any system that can be gamed, will be - Steemit included.

      Citation - PoS is flawed - Link

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