"Decentralization" is a Joke, No Surprise Here, Steemit Moves to Tron Blockchain, Leaves EOS


Does it even matter honestly? Not really and it's not a big deal. In my opinion, Steemit has failed as a blockchain-based social media network. Its users were supposed to be incentivized for contributing quality content in Steem dollars and Steem tokens. I would know because I used to post frequently on there.

For me, Steemit was just a learning experience, not something to take seriously as far as earning something is concerned. Except for a maybe around $100, I did not earn much. It was only the "whales" who paid money or had some other type of stake in Steemit that were able to earn. That's fine, but then do not call yourself decentralized and equitable, etc etc.

Even if Steemit moves from EOS to Tron, it is just moving from one centralized platform to another. As the recent IOTA network hack should tell you, its creators can just shut down the master node if anything goes wrong. Same sort of thing applies to Tron and EOS because these networks can be shut down at will by a select few people. Don't be silly, there's no such thing as decentralization in crypto at the moment.

Don't get me wrong...we will be able to achieve decentralization at some point. What we are seeing are very, very, very early versions of these networks and they are being marketed or advertised as full-blown, scalable, peer to peer wonders - which they are not! Some people might be gullible enough to believe that but not those who come from a technical background and have some common sense!

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Omar Faridi
Omar Faridi

I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development.


Crypto and Blockchain Education
Crypto and Blockchain Education

After publishing around 2,500 articles on Fintech, cryptocurrencies and distributed ledger technology, and having taught students of all age groups from elementary to Phd level, I bring to you my best global initiative ever: The Crypto Writing School, which helps people from all over the world learn about Bitcoin (BTC), Altcoins, and Blockchain technology. Expect more informative blogs posts and educational materials from consistently.

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