One of Steemit's greatest qualities as a matter of fact!
The openness on here is a total breath of fresh air, and even the totally public wallet transactions will help prevent future fraud as well.
All one would have to do is hangout on Reddit for just a day, to see all the corruption and manipulation that goes on there. One of the most recent examples of which I was involved in personally, was a silence attempt from the fan boys of Neo (ain't so fan boyish now though) and IOTA.