We could say that Steemit really boomed in its first two years, even reaching an all-time high for its token and making it into the top 50 cryptocurrencies by market cap, but today its value is too low, and its processes—I'm referring to giving value to others for their contributions—are too centralized because of how it works.
Basically, you have to be behind those who have the most voting power, and among them they vote as witnesses to maintain the nodes. It's a circle, and I'm sure many continue to profit from it, but for normal people like me who just want to create value, I could never get involved in it.
Hive is a little less centralized than them. I've been there for years, but it works almost the same way.
We could say that Steemit really boomed in its first two years, even reaching an all-time high for its token and making it into the top 50 cryptocurrencies by market cap, but today its value is too low, and its processes—I'm referring to giving value to others for their contributions—are too centralized because of how it works.
Basically, you have to be behind those who have the most voting power, and among them they vote as witnesses to maintain the nodes. It's a circle, and I'm sure many continue to profit from it, but for normal people like me who just want to create value, I could never get involved in it.
Hive is a little less centralized than them. I've been there for years, but it works almost the same way.