I'm very excited about the Steemit community right now. That said, it has a long way to go to gain credibility and a big thing holding it back is questions about the STEEM money supply and the way STEEM was distributed initially. The rules regarding the distribution of BTC are very clear and there's no uncertainty about its fairness. STEEM needs to follow BTC's lead or else it doesn't have a shot at penetrating mainstream.

@Dan, @Ned and others -- can you address this or point us to where this has been addressed before? It's not in the white paper and I haven't seen any in-depth explanation.