The whole idea behind the STEEM blockchain was Proof of Brain consensus for mining.
This meant you could "mine" on the STEEM blockchain by producing content and the community would vote/flag the content to decide it's true value and reach consensus.
When this isn't allowed to happen due to threats and intimidation, the consensus fails and we allow counterfeit STEEM to be created. This devalues the STEEM we all hold and work hard to earn.
So you can either put your head in the sand and pretend this counterfeit operation isn't happening and be holding a whole bag of worthless STEEM. Or you can do something today to stop the counterfeit coins being mined and save this very innovative platform.
STEEM had first mover advantage, but that won't last forever. We need to tackle this abuse before the counterfeiters earn more STEEM and become even more powerful.