I guess, @dan. Wait, proven? That might be overstating things. Anyway, there's an out-of-band method for self-correcting this problem. Mr. Market can make his 40% worthless if it comes to that. I really don't think Dan has any faith in Mr. Market, at all.
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.
I guess, @dan. Wait, proven? That might be overstating things. Anyway, there's an out-of-band method for self-correcting this problem. Mr. Market can make his 40% worthless if it comes to that. I really don't think Dan has any faith in Mr. Market, at all.
... I'm also lost on if it is 40% or 51%...
If he has 51% then he has 40%. Maybe Dan only approves of him having 11%.
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.