If Sun dumped all of his stake on the market, the price would of course tank, which is precisely why it would also recover fast. The massive stake would be scooped up for next to nothing in no time. After ending up with new owners, the tokens would be distributed in a much more decentralized manner. The chain would be stronger for it. The community is where the real value lies: the people and all their relationships. Nothing can destroy it. The chain id is completely irrelevant.
RE: Act now and FORK OUT Steemit Inc - unless they agree on a sustainable solution
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Act now and FORK OUT Steemit Inc - unless they agree on a sustainable solution
I think that he would not be able to dump - there would not be enough demand for the whole stake, the price would go to almost zero in such a scenario. Therefore, he would most likely spread it over a longer period - which would keep the price depresses for longer. I might be wrong of course.
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Yes, of course the price would go to almost zero. But these are just numbers.
Would you buy a million STEEM for $100? I would. I have played the lottery before, and I think the odds of that million STEEM once being worth hundreds of thousands of dollars would be too non-trivial to ignore.
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you are right - the price would never go to zero. I would also buy a 10 million Steem for 1000 USD - so now we know that it would never drop below 100/1.000.000 USD ;-)
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LOL, yes!
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