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A 1-5% Pre-Mine Of Steem Power By The Founders Is Acceptable - An 87.5% Pre-Mine of Steem Power By The Founders Is NOT Acceptable.* by mindhunter

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· @mindhunter · (edited)
$0.03
A 1-5% Pre-Mine Of Steem Power By The Founders Is Acceptable - An 87.5% Pre-Mine of Steem Power By The Founders Is NOT Acceptable.*
## Where the 99.9% here see chance, I see cost. 
## There is no escaping the nature of the universe.

## @mindhunter (the 0.01%!)

## * A small 1-5% pre-mine is acceptable to cover initial costs.

![](http://25.media.tumblr.com/96b0bf119dce86b4518f4ed9084f7bfe/tumblr_mgpqmeuUTG1rnpb7vo1_500.gif)
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 12 others
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vote details (76)
@cyniclinic ·
here's another interesting observation...

https://steemit.com/curie/@cyniclinic/can-someone-please-explain-what-s-going-on-here
👍  , ,
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vote details (3)
@mindhunter ·
On my way over @cyniclinic
👍  , ,
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vote details (3)
@mindhunter ·
Excellent post @cyniclinic - best of luck with Curie.
👍  
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vote details (1)
@endgame ·
http://i.imgur.com/wEnnL6Z.jpg
https://www.youtube.com/watch?v=_tWlfc8UwqY
👍  , , , ,
👎  , , ,
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vote details (9)
@mindhunter ·
Love the vid...was that a parody of Steemit? DOH!!!
👍  
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@mindhunter ·
P.S. Does your reputational number = the December Steem price??
👍  
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@lynchiandream ·
@mindhunter - the wise Merovingian of the Steemit Matrix! LOL!
👍  
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@mindhunter ·
Thank you for that title.
👍  
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@mindhunter ·
P.S. If you see The Architect let me know will you. Thanks.
👍  ,
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@mandibil ·
Then don´t use Steemit !! You can vote with your own time and money ... in grave contrast to your state !
👍  ,
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@mindhunter ·
$0.09
And leave others in their Matrix slumbers?? Mmmm....
👍  , , ,
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vote details (4)
@smooth ·
Not ready to be woken up.
👍  , ,
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vote details (3)
@matrixdweller · (edited)
Thinking about dumping all my Steem here unless somebody can prove to me this is not a scam
👍  
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@mindhunter ·
I don't think its a scam - its just got some top heavy SP power - but that CAN be remedied - (hopefully!)
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@mindhunter · (edited)
Oh dear! The crypto-press are now onto us too: https://decentralize.today/the-ugly-truth-behind-steemit-1a525f5e156#.mzkj5s86p
👍  
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@mindhunter ·
QUOTE: STEEM is not decentralized. From the beginning it was and still remains highly centralized. The launch of the STEEM network was heavily rigged to ensure that the developer and his ‘friends’ had control over majority of supply. Furthermore, this has major implications for the Steemit platform.
The top 247 accounts on Steemit (most of which are probably owned by the developer and his ‘friends’ through duplicate accounts) own ~87.50% of total stake, without including the main steemit account which is also controlled by the dev. Although any user can vote for content, the influence of your vote corresponds to the amount of STEEM you convert on your account. This means the typical user’s vote is almost meaningless unless they manage to acquire a high stake in total supply.
👍  , ,
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vote details (3)
@mindhunter ·
This is NOT good!
👍  
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@timcliff ·
This article has a lot of opinions stated as fact, has content from someone who has a personal issue with @dantheman, and has a blatant plug/advertisement for one of Steemit's competitors. Very trustworthy source :)
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properties (23)
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json_metadata{"tags":["steemit"],"users":["dantheman"]}
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vote details (2)
@mindhunter · (edited)
Your personal politics have nothing to do with the definition here - its well accepted by the crypto-community who know a lot more about this than you and I do. Your smoke and mirrors will not work here :-)
properties (22)
authormindhunter
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categorysteemit
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@mindhunter ·
This post was inspired by an @masteryoda post: https://steemit.com/steemit/@masteryoda/a-call-to-separation-of-powers-in-steemit
👍  
properties (23)
authormindhunter
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categorysteemit
json_metadata{"tags":["steemit"],"users":["masteryoda"],"links":["https://steemit.com/steemit/@masteryoda/a-call-to-separation-of-powers-in-steemit"]}
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vote details (1)
@mindhunter ·
https://www.steemimg.com/images/2016/10/11/meme34f34.jpg
👍  ,
properties (23)
authormindhunter
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categorysteemit
json_metadata{"tags":["steemit"],"image":["https://www.steemimg.com/images/2016/10/11/meme34f34.jpg"]}
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vote details (2)
@mindhunter ·
Business cat speaks!!
👍  
properties (23)
authormindhunter
permlinkre-mindhunter-re-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t135447770z
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json_metadata{"tags":["steemit"]}
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vote details (1)
@mindhunter ·
I just found this post. What an interesting idea!! https://steemit.com/steemit/@thecentreofitall/should-i-just-quit-steemit-now-and-start-to-prepare-to-migrate-my-existing-steemit-content-over-to-yours-network
👍  ,
properties (23)
authormindhunter
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categorysteemit
json_metadata{"tags":["steemit"],"links":["https://steemit.com/steemit/@thecentreofitall/should-i-just-quit-steemit-now-and-start-to-prepare-to-migrate-my-existing-steemit-content-over-to-yours-network"]}
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vote details (2)
@mindhunter ·
Steemit needs to come up with an integrated Bitcoin wallet FAST!!
👍  
properties (23)
authormindhunter
permlinkre-mindhunter-re-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t171602565z
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json_metadata{"tags":["steemit"]}
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vote details (1)
@oaldamster ·
In my opinion it would be best to detach voting and steem power.

To be honest, I have not looked into the way how the biggest SP filled wallets got their value. 

And I'm convinced that detaching voting from steem power is the best for all Steemers.
👍  ,
properties (23)
authoroaldamster
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vote details (2)
@mindhunter ·
We are in double down agreement now - I just wanted you to understand the reasons behind your choice - reasons that you MIGHT not know about ;)
👍  
properties (23)
authormindhunter
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json_metadata{"tags":["steemit"]}
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vote details (1)
@oaldamster ·
👍😎
👍  ,
properties (23)
authoroaldamster
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json_metadata{"tags":["steemit"]}
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vote details (2)
@seirffejpilihp ·
A price low of $0.27 earlier today - Shrem needs to wake up to his new role within Steemit ASAP!
👍  
properties (23)
authorseirffejpilihp
permlinkre-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t071647314z
categorysteemit
json_metadata{"tags":["steemit"]}
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vote details (1)
@mindhunter ·
A copy of this link has been posted to Charlie Shrem's latest post.
properties (22)
authormindhunter
permlinkre-seirffejpilihp-re-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t071742709z
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json_metadata{"tags":["steemit"]}
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@karenmckersie ·
Im pretty sure hes well aware! Lol! Im waiting to see what he does about it,! 
AND the rich get richer! It keeps dropping every day, i really hope we see a turn around 
Soon! We need some incentives to get more people to join! 
http://s2.quickmeme.com/img/b3/b308a827dfe2f360d3d1346be3cc9a690123e6a1085a27ecb177b0ec4f74a438.jpg
Image credit   quickmemes.com
👍  
properties (23)
authorkarenmckersie
permlinkre-mindhunter-re-seirffejpilihp-re-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t073124301z
categorysteemit
json_metadata{"tags":["steemit"],"image":["http://s2.quickmeme.com/img/b3/b308a827dfe2f360d3d1346be3cc9a690123e6a1085a27ecb177b0ec4f74a438.jpg"]}
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vote details (1)
@thecentreofitall ·
Ha ha! Can the Merovingian @mindhunter awaken the Shremster / Ned and chums? Squeaky bum time for @dantheman
👍  
properties (23)
authorthecentreofitall
permlinkre-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t074253526z
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json_metadata{"tags":["steemit"],"users":["mindhunter","dantheman"]}
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vote details (1)
@mindhunter ·
Squeaky bum time - I like that line :)
properties (22)
authormindhunter
permlinkre-thecentreofitall-re-mindhunter-a-1-5-pre-mine-of-steem-power-by-the-founders-is-acceptable-an-80-pre-mine-of-steem-power-by-the-founders-is-not-acceptable-20161011t074345368z
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@mindhunter · (edited)
No seriously, I hope @smooth @dantheman @ned @charlieshrem can bang their heads together and get this sorted out before the floor falls out of $0.30 level.
👍  
properties (23)
authormindhunter
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vote details (1)
@timcliff · (edited)
There are a lot of misconceptions and incorrect representations of the original Steem mine. If you want to spend the time and see how it actually went down, you can read this post: https://steemit.com/steem/@joseph/the-history-of-steem-steemit-launch-in-the-words-of-dan-larimer-from-the-early-launch-days

The reality of it is, that the people who got in at the beginning, including the founders - have a huge stake in Steem. They were the ones who were in the right place at the right time, took the time to understand what Steem was, saw the potential of what it could become, and invested a lot of their resources (time, money, mining services, etc) to make Steem a reality.

Now those people hold a lot of the power. In my opinion that is how it should be. They are the most invested out of all of us, and have the most to lose. The very core of the Steem design is that whoever is the most heavily invested will have the most influence.

It sucks if you don't like what they are doing, but to some extent, we will all have to trust the judgment of the large SP holders - whoever they happen to be at any given point in time.

Today it is largely Steemit Inc. that holds a lot of power. Whether you agree with what they are doing or not, the truth is that they are doing whatever they feel is best for the platform and community.

I do want the distribution of power to eventually flatten out some, so that a larger portion of the community, with more diversification starts to have more influence.

We are heading in that direction, and I believe we will get there in time. Until then though, you are going to have to accept that people other than you are in control of the site, and are going to be the ones steering the ship.
👍  ,
properties (23)
authortimcliff
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json_metadata{"tags":["steemit"],"links":["https://steemit.com/steem/@joseph/the-history-of-steem-steemit-launch-in-the-words-of-dan-larimer-from-the-early-launch-days"]}
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vote details (2)
@mindhunter ·
A 1-5% Pre-Mine Of Steem Power By The Founders Is Acceptable - An 87.5% Pre-Mine of Steem Power By The Founders Is NOT Acceptable. IT IS NOT THE CRYPTO-COIN NORM. All crypto pre-mines have in fact failed REGARDLESS of the pre-mine percentage % so I rest my case.
properties (22)
authormindhunter
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@timcliff ·
What is your definition of pre-mine?
👍  
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@timcliff ·
Replying here to start a new nesting level.

I am not trying to be "nasty" and would be interested in working together to solve issues. I guess I don't really see that is what is going on here. Pointing out a bunch of problems with no solutions, and then linking to posts and articles that suggest moving to an alternative site would be better does not seem very conservative or helpful to me.

It is not really about "keeping quiet" and "being silenced by the whales". It is really more a question of what are you really trying to achieve by posting all this stuff?
👍  
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@mindhunter · (edited)
A feedback loop is what I'm trying to achieve here. I don't like the Titanic music playing away in my ear-hole any less than you do believe me. p.s. I'm not very conservative - but I'm sure you kinda guessed that already ;) I am not here to make you understand Tim, I am here to live my Steemit journey. Nearly 5K posts is testament to that.
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@timcliff ·
>A feedback loop is what I'm trying to achieve here.

Let's assume you are heard, And the 'powers that be' buy into your vision. What then?
👍  
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vote details (1)
@timcliff ·
New nesting level.

>The founders need to redistribute their horded SP via some kinda ICO sale - YES!

If the price of Steem continues to fall, won't that basically happen?

>I am not interested in brainstorming theory down a rabbit-hole here Tim. We need FIRM ACTION from the whales swiftly. Period.

Yeah, but that's kind of my point. You are throwing issues out expecting the whales to magically solve them, just because you are pointing them out.
👍  
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@mindhunter ·
Yes initially the price would drop, but it would then have a fighting chance to recover as the SP started to distribute freely. Without it it may have no chance as the price sinks.

There is the solution TWICE now. I don't think you heard me the first time. I am providing solutions here. Where is your solution? Is all you do just bark down the rabbit holes of brain stormers?? Help me here!
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@timcliff ·
If your post is intended to get the whales to sell off massive hords of Steem at discounted prices, so that more people have the opportunity to invest at low levels, than I can agree with you on that point and say that I'm in support.

I will add too, that whether it is intentional or not - you will probably get your wish. @smooth himself has publicly said so, and I suspect many other whales are doing the same - they are actively powering down and selling lots of Steem to push down the price.
👍  
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