RE: Steem - Curious why STEEM is going up?

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Steem - Curious why STEEM is going up?

in steem •  5 years ago 

But how much Steem i.e. Hive can Justin buy? Enough to fuck with Hive governance?

The Hive announcement should probably have been kept a secret until hours before the launch.

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5 years ago by

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      ·  5 years ago 

    He's losing, like 70 million; almost everything is powered up in accounts that are being excluded from the airdrop.
    That 2-3 million will be around 1% of Hive. (he currently has around 20% of the SP) Not enough to wreck governance.
    He can still use it to be a vindictive bully and vandal on posts; but its no existential threat to the chain.

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        ·  5 years ago 

      There has been roughly $20 million worth of steem bought within the past 24 hours. A lot of that could be Justin...

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          ·  5 years ago 

        True. Hope not, but it's certainly possible.

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            ·  5 years ago 

          20 million STEEM or $20 million worth?

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              ·  5 years ago 

            $20 million worth... He could have easily bought double digits million steem today.

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                ·  5 years ago 

              That's insane. So if it's all him, he could have even more sway over Hive than he did over Steem.

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                  ·  5 years ago 

                It's for sure not all him, but he may own a substantial portion, yes.

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                    ·  5 years ago 

                  No he can't! Even if he somehow acquired 8Mill more steem yesterday. Before that he owned 85 million (they will be gone).
                  No influence over governance of HIVE will be possible. He knows that and will likly just dump the HIVE tokens for free money and to dump the price...

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                    [-]
                      ·  5 years ago 

                    I have no doubt he'll be vindictive. He's absolutely pissed.

                    And he still has a whole day left to buy more steem.

                    This hive announcement really should have been posponed.

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                        ·  5 years ago 

                      That or do a snapshot that was backdated. IE, do a snapshot of account balances a week ago or something like that.

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                          ·  5 years ago (edited)

                        That's the first mistake the new team did.
                        We'll get a whale with 5M coins, and don't forget about ned. I'm sure he has a couple of M of steem in a hidden account.
                        Expect a big, big mess.
                        And I'm expecting some big surprises in regards to the price of both coins.
                        Oh, BTW. I bought 2K of steem yesterday. Lucky me.

                        Posted via Steemleo

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                            ·  5 years ago 

                          Surprises for prices in the positive or negative direction?

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