You are viewing a single comment's thread from:

RE: A call to separation of powers in Steemit

in #steemit • 8 years ago (edited)

There was no literal pre-mine. It was announced on bitcointalk like thousands of other coins have been (twice in fact, since it was relaunched).

Not many participated since it was not promoted and was a little technically challenging (though the relaunch had a community-provided mining guide). This of course was by design. Not "hidden" though. More like hiding in plain sight.

I think you missed my key point though. There are far fewer than 215 major SP holders who got staked by the early mining. More like a few dozen at most, a good number of whom were Steemit employees or contractors.

8 years ago in #steemit by
$0.00
    1 vote
    Reply 1
    Sort:  
  • Trending
    • [-]
     8 years ago  

    @smooth So let us call it a blatant pre-mine compared to a systematic hiding. To me this is irrelevant. This BIGGEST question of all is how we address it?

    In fact, every pre-mined cryptocoin has ultimately failed - whether the pre-mine was hidden or purely blatant. Steemit is not an exception.

    We must adapt or die. Just ask Ethereum.

    ...Mmmmm...all this sounds like a post for today...

    Why Steemit Needs To Reach A Unanimous Agreement To Hardfork Like Ethereum - To 'Smoke Out' All That Blatantly Pre-mined Steem Power (SP).

    $0.00
      Reply