STEEM is a good mix of centralization and decentralization that works and is also not controlled by any real single entity, that combined with the speed and lack of fees makes it pretty much flawless. The fact that it's not even a top 10 crypto is absurd to me
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Kinda proves my point, and it makes me sad. STEEM's solved a lot of the cryptocurrency problems that other coins are riddled with.
But again: it's not really about that.
You can look at Steemit, too. The free market rarely, if ever, rewards "the best" of anything. It rewards things based on entirely arbitrary whims. Coupled with nepotism and other shady maneuverings.
Steemit has its problems, sure, but the fact STEEM itself doesn't have some sort of payment processor front-end that just ignores the social network aspect entirely is pretty weird
I agree. But I think ned once talked about something like that.
Yeah, I'm sure something like that will be done at some point.
Which also seems to turn DPOS-based systems into less-than-decentralised entities, not necessarily run by a colluding group you would choose yourself.