RE: @steembasicincome

By @maxblaschke5/17/2019sbi

In keeping with what I said in my earlier post, I feel I owe @steembasicincome a more in depth apology for previous remarks by myself regarding the natural limitations of such a system. One should not expect to receive maximal upvotes when their units are extremely numerous compared to others. It would be incorrect if such a claim were made, and no such claim was ever made by @steembasicincome or their team members. I erroneously stated that limitations were a product of dishonest policy, these claims were unfounded and not based on good evidence. In looking at the big picture, such a limitation is actually good for the Steem economy because it prevents plutocrats from dominating the system, which could threaten Steem price stability because of the possibility of a massive sell of Steem which could drastically drop the price of Steem. Whether this would be short term or long term, I do not know, but I am working on the assumption of long term damage for now.

@steembasicincome is a great project which not only helps Steemians by upvoting their posts, but also invigorates the economy.

Disclosure:
As implied by this post, I hold a great many sbi units. Thusly, the potential for bias is high. However, I stand strongly by what I am saying, and I do my very best to be honest and estrange myself from the influence of bias.

20

comments