Many of you who are new here are not aware of the terrors that this platform has endured because of a few people's greed. The trouble all started when the dev team @ned and @dantheman essentially pre-mined most of the tokens. There is no problem with that, many great tokens are pre-mined. This was all planned out to be a "ninja launch." Dan's friends being let in on the big secret while everyone else left in the dark. The problem arose however that someone else got in on the pre-mine. That someone being @BernieSanders also known as @engagement and @nextgencrypto.
When mining began you got 100 Steempower per block (every 3 seconds) and there were only a few miners. Even if there were just 5 more miners it would have solved this huge monopoly. Shortly after launch mining switched from 100 Steempower to 1 Steempower per block and there were thousands of miners, a couple knowing secrets to mine 98% of the coins between the two of them, one of them being "rabbit" or BernieSanders himself. The distribution was a huge scam, there is no other way to look at it. It has hurt the platform tremendously from the beginning, dozens of users already having left due to flags from this self claimed "dedicated asshole." The very first people get obscenely rich while the others work to produce content and value for the platform and get the crumbs off of master's table.
Then there is the issue of Steem-Guild, where co-founder @Ned gave his account out for about a dozen people to upvote themselves to whale status. These people being @sweetsssj, @hanshotfirst, @jrcornel, @the-alien, @gavvet, @donkeypong, @pfunk, @knozoki2015, @sauravrungta and many others. When I spoke out of this corruption I was hated on by half of the platform who was receiving Ned's vote from the "Steem-Guild." Others such as @anotherjoe even wailed tears when Steem-Guild was dismantled, exclaiming "Oh Steem Guild, how can we live without you." Well.. now our votes are actually worth something.. Ned's MASSIVE account is not being abused anymore and us users have the power...... Thanks to my 5 page email to Ned. Meanwhile, while Ned's account was being abused Ned was receiving curation rewards in the millions of dollars along with fellow Steemit Inc. elite known as @val-a and many other accounts. Further cornering of the market by "Inc." pursued until only a couple months ago. In the process of Steem-Guild's self voting these few people gained HUGE reputations and followings on Steemit.. everyone joining in on curation rewards for these top paid authors and never disconnecting after the Ned vote stopped the Steem-Guild became the new whales. Still being top paid. They also use their whale accounts and top reputations to try and destroy the accounts of others as @pfunk called on all of the witnesses and rich to try to destroy my account because I am a Christian.
Then there is the issue of @abit scamming the market making system where you got 1000 steempower per hour if you were the top volume trader on the internal market.. preventing others such as me from ever getting a single reward.. this man was put in place of top witness for a while. Wow! Most of the top witnesses are cruel and verbally abusive towards me because of my faith, they are all atheists and haters of Jesus Christ my Lord. So how is everyone is angry at me for registering hundreds of accounts with a bug I found? I helped prevent the Russian squatter from registering another 100,000 accounts saving Steemit Inc. multi-millions of dollars. I was only paid 100 dollars for by @ned for turning the signup system bug in. A bug that could have lost Steemit Inc. 10s of millions of dollars. According to @picokernel Ned is not happy with me for registering a few hundred more accounts after I turned in the first bug and found another, perhaps if he wouldn't have been so cheap I would have turned in the second one. I guess he couldn't afford to pay penetration testers after making millions of dollars off of this pyramid scheme of his. And let's not forget that witnesses at one point were being paid 7,000 dollars per day to run a 20 dollar per month server. A good reason to invest in Steem right?
Overall, the distribution of Steem in the first year could not have been worse.
This is just the beginning of the story, I will write part 2 tomorrow about how @nextgencrypto aka @berniesanders / @iflagtrash / @yougotflagged used his "scam mined" power to verbally abuse and torment Steemit creator @dantheman without fear of repercussion.
