STEEM is different. It is distributed by posting on forums. Yes, of course you have to trust that the devs are going to actually distribute them and not hoard them all to themselves. But since this new method of distribution is exactly what is giving this coin its value, the devs would be idiots to revoke their $2 million dollar 4th of July giveaway offer. See the logic yet? Of course you do. It's no different than the Synereo model where the devs own most of the coins, and we are trusting that they don't just dump them all before they finish their project.
You probably can comprehend that math (logic), but here is where I think I'm losing you:
Smartcoins are not for speculators. This is next gen crypto. Purely functional.
Premining/Instamining 80% of the supply with shady tactics and later centrally issuing a part of them through a website and dumping the other part is not decentralization. They even relaunched that shitcoin because their miners provably crashed.
This isn't a smartcoin, this isn't crypto 2.0, this is nothing more, but a scam shitcoin. Stop hyping people into these projects, look at the exchange rate of the coin since it's launch. The developers are dumping their stakes according ot how much money they need, everyone who dares to buy on an exchange will get dumped on till' they finished. Even an ICO is more fair and better regulated as this trash project.
You obviously have the IQ of a carrot, just look at the garbage you are writing.