I am obviously intrigued. I also immediately see a lot of voices crying foul over a flawed distro scheme and its hard to discern what happened. Was it just difficult to mine at first, leading to the devs mining a lot, though fairly? Were there honestly no shenanigans similar to Dash or Vanillacoin?
Steem is just another Larimer scam. Nobody is going to end up using it. The Larimer Gang pulled the same stunt with PTS mining. I know, because I was mining PTS from day one and there were several people complaining about not being able to connect to the network. Nothing the Larimers are involved in is fair. The only blockchain-based social media network that will be of importance is Synereo.
Ah a Larimer scam, makes sense then that smooth and the monero gang are also involved.
Yeah a larimer scam with huge instamine by the devs.. except smooth not shouting scam because he's invested.. says a lot about smooth's Integrity, or better, the lack of it
It wasn't an instamine; coins were created at the specified rate and nothing happened to create a big chunk of coins instantly (difficulty adjustment was excellent). It was certainly a fast-mine, with a large chunk of coins mined in a week. It had barriers put up to participation, and yet at the same time everything was fully disclosed, including that fast that there were deliberate barriers put up.
I've stated all this on the Steem thread BTW. People can make up their own minds whether to support it in any way, I'm not out here selling it. Given the clear disclosure and distribution according to the stated schedule I don't see anything even remotely fraudulent. "Unfair" perhaps (and only perhaps because "unfair" is so subjective), but fraudulent, no.
Oh, I see, your agenda is that you're one of those Vanillacoin/Vcash retards who doesn't accept that your dev stealing Bitcoin's code and lying about it makes both him and the coin worthless pieces of shit, and you hate that I'm one of the people telling people about it. Can't fix stupid.