Great report. I really like the explanations of how the various tokens work and how bandwidth is involved. I do have some questions though:
Steem Foundation completed a premine prior to listing STEEM and SBD on exchanges.
Is that accurate? My understanding is the code was available for everyone (though it was launched on April 1st so some saw it as a joke and there were some issues getting the code to work for a wide array of users). I wasn't involved then, but my understanding is there was an issue with one of the miners, and the chain had to be restarted at one point, but it was still an open mining process (as some early miners then are still whales now). My understanding is the launch attempted to follow this process and avoid a pre-mine.
Dan Larimer is listed as part of the STEEM team, but is no longer involved. Is this more about who the initial launch teem is/was or about who is involved now? I think Steemit, inc has a lot more people than what is shown here.
Fixing the broken SBD peg is still an ongoing discussion between witnesses and the community. There is no consensus yet on what steps should be taken, but ideas such as enabling a reverse conversion from STEEM to SBD have been considered.
Also, as far as I know, the upvotes don't count in the last 12 hours before payout. During that window, downvotes still impact the potential payout.
Thanks again for this great summary report on STEEM.
RE: GOPAX Insight: Steem (STEEM, SBD, SP, SMT)