<center>https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jMDQzNjE0ZGQ2ODQwYzQ2ZjdlYjcwYzNhMWM2OGRlNC5qcGc=.jpg</center>

In his recent article titled <a href="https://cointelegraph.com/news/yours-introduce-worlds-first-micropayments-wallet-inspired-by-bitcoin-cores-lightning">Yours Introduce World’s First Micropayments Wallet, Inspired by Bitcoin Core’s Lightning</a>, author Joseph Young didn't pull any punches with his description of Steemit.

From the article:
<blockquote>
Steemit under fire of criticism

Essentially, the Yours micropayments system is like a web browser version of Lightning, customized to be utilized by the Yours content sharing platform. On the platform, users will be able to utilize the micropayments web wallet to incentivize content providers, a little like Steemit but more legitimate, based on a legitimate cryptocurrency.

Steemit is a micropayments-based content sharing platform like Yours, based on a cryptocurrency called Steem. However, due to its illegitimate pre-mining, distribution of funds amongst developers, and irrational distribution of funds, it received criticisms from both the community and experts.

In theory, Yours can be described as a valid version of Steemit, which is built on the unprecedented security of Bitcoin and a proper real market value-based currency in Bitcoin.
</blockquote>

So Steemians what do you think of these harsh criticisms? Do they have merit? Are the criticisms of Steem being illegitimate and invalid true? Leave a comment below with your thoughts.