RE: To Hold Or Power Down? That Is The Question.

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To Hold Or Power Down? That Is The Question.

in yousnoozeyoulose •  5 years ago  (edited)

Steemit Inc is a private company on Steem blockchain. When anybody joined Steem and invested in it should know they hold more than 20% Steem of the circulation (it was more than 30% earlier). Now the Steemit Inc is bought by another party then what is the big deal here. If it cannot survive by changing owner of a private company that owns only 21% share, then Steem is not a proper blockchain at all. Even with previous owners Steem would not have survived with such a faulty mechanism such as DPoS where stakes dictate governance!

Note: I am not powering down with 60K SP with multiple account. I am powering down 1500 Steem to buy LEO which also crashed in this chaos. Most of my SP is delegated to SteemLEO to support the tribe.

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An interesting logical take on this. Thank you. The takeover of STINC's stake with the power and resources to aggressively rebrand/remarket Steem, or steer things towards Tron, creates a large conflict of interest with the prior stakeholders (no surprise there). STINC was on the Steem side of things to perhaps lull us into a false sense of security. Who knows what to expect now, regardless if DPoS was doomed anyway.