It is the necessary step of redistributing coin. To gauge forward action, please see this site: http://www.steemdown.com
Btw. Did you create puppet account to post this?
RE: @ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!
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@ned & @dantheman DUMP 50,500 STEEM on Market today! WTF is going on?!
You'd have to be an idiot to waste time even asking that question. It is not relevant.
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Whoever posted, did so anonymously. Here is some information on why that might be useful and important
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Some people bought at $4, if they were told dan and ned would crash the market to allow quicker distribution they would have never bought at this price. If they dump the price too low the reward will be lower and there will be even more retention, I understand that power distribution is important but they have already crashed the price a lot ( there was a thread a few days ago about this already ). Maybe they should find a different way to redistribute wealth than screwing early investors...or just change how voting power works.
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You're only screwed when you decide to cash out at a lower price than you cashed in at ;-)
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That's right. My point though is that the price of steem reflects the health of steemit specifically how many users this platform can support ( average $ / user) , so if the price of steem keep going down and the number of users keep going up we have another issue coming up which imo is more problematic than distribution pace which is retention
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Yes, very few buy in. However the game "clash of clans" is clearing ~1.5 Billion US the last two years... Something like 5% of users monetize. Same rules apply here. Open Steemit to advertisers money when the user base is sufficiently large and steemit gets a multi billion dollar injection overnight
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That's arguable I guess, if there is no money left in the pool it doesn't really matter how voting power is distributed. Also I would say most people don't buy into steem they just want to post and earn a few dollars. The best way to redistribute is by rewarding new users (most are getting only pennies) not by crashing the price.
The registration bonus for example keeps going down when it should go up imo.
This is the third post with no reply option, they need to fix this. I also noticed that only the last 20 comments of a user are shown on the site.
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Better distribution enables retention though
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I think the only thing we can blame them for is to not have slowed down post-July 4th growth by increasing the selling pressure. That said, they would've had to have planned it long in advance and I'm sure they weren't expecting such a sudden increase in price. I sure as hell didn't.
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