the problem is that the steem power basically decides where the market power is. so he would be right in "not trusting the market". in a way it's just @ned jerking off with money, excuse the vulgar vocab.
Yeah, that's not what I'm talking about. I'm talking about the price of STEEM on the various exchanges. If a majority stakeholder's actions are egregious enough against the platform, they could negatively affect the price, which is a good thing because it would ultimately impact distribution.
So the goal of a majority stakeholder is not to let that happen, for the sake of the platform. It's their stake, so it's in their best interest.
the problem is that the steem power basically decides where the market power is. so he would be right in "not trusting the market". in a way it's just @ned jerking off with money, excuse the vulgar vocab.
Huh? What mechanism does STEEM Power decide where this "market power" is? What is "market power" anyway?
well, it's basically a wild card always giving you a more than 50% vote. the biggest whales can always turn the tables. but I might be wrong :).
Yeah, that's not what I'm talking about. I'm talking about the price of STEEM on the various exchanges. If a majority stakeholder's actions are egregious enough against the platform, they could negatively affect the price, which is a good thing because it would ultimately impact distribution.
So the goal of a majority stakeholder is not to let that happen, for the sake of the platform. It's their stake, so it's in their best interest.