Why did Dan Larimer (old CTO of Steemit) leave Steemit? Whales Attention!!!
Hi Steemians, today we would like to share with you an idea about function of Steemit and an article about Steemit's future.
Firstly, we want to give a note for some users. In particular, this article is written for large groups (some whales) trying to disrupt this system. I'm talking about groups that try to progress without ignoring people's labor. The people who do not want to share quality things, only people who are making money. Those are people, who do not understand the soul of the crypto money.
Yesterday we write an article about Crypto money and ponzi scheme. We have stated that the crypto money is not meant to enrich the intended people, so it is different from the ponzi scheme. We talked about Crypto money, as a way of life, and saving us from the order (the order that paper money brings) which forces us right now. Unfortunately, people unfortunately use some nice platforms such as Steemit and use them for themselves (they think they actually use it).
If you do not watch Dan Larimer's talk, we recommend watching. Especially watch between 22.00 and 26.00 minutes. Dan Larimer, one of the founders of Steemit (CTO), is also talking about this abuse, mentioned above. The independent management (decentralized) of crypto money is in fact the most beautiful feature. However, some features on this platform are, unfortunately, abused. Calling the problem on the Steemit platform is wrong. This abuse is almost like an experiment that explains how people behave when people are independent. The feature called Upvote is now out of control. As Dan Larimer saw this progress, he wanted Steemit to be a programmable platform, but management did not allow it as much as we understood. (PS: Dan Larimer is currently engaged in making EOS ads ,unfortunately, a contradiction to the functioning of crypto money, but we will share our thoughts on EOS in another article). Steemit administration has not seen the chaos that people will create when they are independent.
Yes, let's talk about these independent features gradually. Despite the fact that we are about a month old (a platform with a 2-year history) in this platform, the abuse case is so easy to understand. We even mentioned this on the first blog that we introduced ourselves (the first week). Nonsense photos, ridiculous videos, unfortunately, can get hundreds of votes because of Steemit's decentralized. You are looking at quality posters, with nothing but a few votes. Being independent does not mean that, Steemians. If it goes on like this, no one wants to see everyone will lose. Nowadays, steem dollar value is decreasing because of this abuse. Think of a system, a closed box, and you distribute money by voting inside. What happens? The values of those will fall. No matter how many votes you get. If Steemit is not invested, the system will turn into a Ponzi chart, in such a progress. The point, where we feel bad about is that the people who have the spirit of crypto money here are the victims of people who make money and share valuable posts. Although there are some rules, there are so many weak points that it took us a few days to understand it.
Below we will explain how to use the system as an abuse. Even using this algorithm, we want to show you how easy it is to be able to upgrade week by week.
---- Why steem dolar is decreasing in value?
It is useful to give an example. Yes, as everyone knows, there are 3 parameters in Steemit. These are the steep dollars, the steem power, and the steem. Steam power that determines the Upvote value. Let's say we are two members at Steemit. There is no positive or negative intervention from the outside. We both have 2SBD in our hands. At $ 2 SBD you get about $ 10 (which means that steem $ 10 in volume). We get our upvote power $ 1. Let the other person choose 
---- So why do Steem currency fall down?
As Dan Larimer first set up this site, it is a social platform, everyone is independent, and everyone in the voting is supportive of each other in the last voting, which is very important in terms of both the quality and the popularity of Steemit Platfom, as Wikipedia. However, greedy people have turned a platform, which can be as Wikipedia, unfortunately, into a playground.
---- What are these greedy people doing?
Let's continue, as we mentioned above. There are 3 parameters. The most important parameter here is Steem power. Why is it important? Because steem power means free money. Yeah, it starts here. Let's say we are a member with a good steem power. A few of our friends say, delegate your Steam Power to me, I'll make you Upvote higher. Everything looks so good here. But there is a problem here. The delegate is now able to vote up to 10 people (the number of people is kept low so that they can regain one's strength in 24 hours). Yes, you did not hear wrong. Up to 10 people can combine the power of steem power and get more upvote. You can say that, if they upvote each other, everyone will already get the same amount of votes (everyone has a problem here, but let's assume everyone does quality work). But things are not like this. On a platform, about 1000 people can delegate their steem power to one member. As a result, even if a silly shipment is sent as a post, it can get high values. The only reason for this is that unfortunately they are greedy people.
---- What about the future of Steemit
We say it as a very simple member. Unless the delegation system is corrected, this system is very close to collapse. When we first entered Steemit, we saw it as a structure of quality posters. However, there is a ridiculous post with so many votes even after 30 days. They both damage the Steemit platform and cause investors to take their hands off the ground.
Sure enough, there is no other way to fix the Steemit platform than the sinker, as soon as there are some fixes in the system. The investor likes jobs that smell of quality. Every day Steemit gets a platform sore.
---- What are these which need to be fixed, according to us (These are really important)
1- Delegation system.
2- Witnesses sytem about quality post.
3- Voting limitation on simple works.
4- Steem Power usage.
5- Some new features to get investment.
We will explain what can be done about these issues in the next article.
We will repeat ourselves but this is really important. Both ridiculous posts and unsupervised upvotes damage the Steemit platform and cause investors to take their hands off the ground.
We do not pretend to be pessimistic, just tell the truth.