RE: RE: “Consortium blockchains” (e.g. DPoS & Tendermint) can’t Internet scale
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RE: “Consortium blockchains” (e.g. DPoS & Tendermint) can’t Internet scale

RE: “Consortium blockchains” (e.g. DPoS & Tendermint) can’t Internet scale

I like how the Internet grew. And I love Bit Torrent, peer to peer. Now, Steem has a rewards pool that is divided out maybe fairly or maybe unfairly out to people like us but also mostly out to the biggest whales like you say.

But what would the alternatives be to reward pools that worked that way? Yes, we can debate about options to fix all this. And maybe the whales are too big. Maybe Steem should have started with everybody at zero money in it when Steem started.

One alternative to a rewards pool would be to have no collective pool and just let people Bit Torrent wire money or cryptocurrencies to people we want to upvote on Steemit. In the real world, some people have most of the dollars in the world. In the crypto world, the same thing is happening. We may not like that some people are very rich in the world, but what can we do compete with that or to stop that or what should we do? Facebook is making billions of dollars off us humans each year. At least we can make some money on Steemit in contrast with what Facebook has been doing. Facebook is a very big whale. Steemit may be bad like you say but Facebook is worse, right?

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