Once it is off the chain we don't know if it will be re-introduced under a myriad of anon accounts with collective undue influence.
You are viewing a single comment's thread from:
Once it is off the chain we don't know if it will be re-introduced under a myriad of anon accounts with collective undue influence.
@thecryptodrive
That's the reality, the "evil" part of running the business. In every corporation, someone or group control a majority of stake to keep the "power" of decision. The steem blockchain is no different, those whales get a large portion of stake (rewards) compare the rest of us.
I think the point for what it comes down to is. We need " smart money aka smart investors on Steem" who get control over the Steempower that Steemit.inc sits on.
If Steemit.inc can't run a good business than there stake needs to be sold and get into the hands of smarter investors.
The worst case for this situation would be if Steemit.inc sells its Steem to people who don't believe in the future of Steem, and who only come for a short term profit.
Either way Steemit.inc has to become successful or somebody else will in the future, if Steem has the potential and technology that we all believe in.
But don't get me wrong its good that we all express our opinion towards Steemit.inc and if the Powerdown call gets recognized by @ned that could help us to calm the situation and gain more time.
Posted using Partiko Android
Yeah that is another risk, imagine a competing project purchased that stake just to mess with us.
@masterthematrix
Nail in the head.
The powerdown will cause panic in the marketplace but in the long run it will be good to the steem blockchain.
But that doesn't stop other "investors" to buy bulk of steem and become the next "Steem Inc". And we go to the same issue over and over again.