RE: Steemit creates accounts for scammers... and nobody else?

You said this much nicer than I would have. But...

STINC is obviously the problem, they have claimed that they have solutions for onboarding (a claim that they made almost a year ago), and here we are with the same issues and the continued incompetence a year later.

Just like they created a worse blogging/interaction/reward allocation environment with their completely misguided/ignorant hard forks last spring, they have yielded terrible results regarding account creation and delegation for exploiters and spam networks. And just as they’ve done with their hard forks, they’re completely ignoring the consequences of their actions and the calls from those who see the train wreck in progress.

Also, as you pointed out - the fact that they allegedly have a “manual” approval process makes this even worse, as these are obviously exploits/spammers. This just reinforces the fact that they are incompetent and/or indifferent about both their decisions and the consequences, which does nothing but discourage investment and decrease confidence in their so-called “leadership role” on the blockchain.

It really is a shame that these clowns control such a large stake in all of this. It’s a great disservice to both the blockchain and anyone invested in it. But expecting things to change would be insane at this point. I’m just hoping that STINC is able to fully divest before the damage is irreparable. Though I’m not confident that we haven’t already reached the tipping point.