I've been saying this for very long time. My idea was to bring power downs to instant with no fee and let the market flow freely. Many of us warned of these dark days of liquidity back in january with ned's mass powerdown to exchanges . Some deal was made with witnesses but it was never public. If we forked steemit Inc out then they would have been forced to actually get profitable or die right then. I think forking a danger out of the chain is acceptable. Today, on July 6 months later, We are past that point and can never return to edit any transactions in the chain for any reason in the future. The only option is to let steemit sell millions of coins.. forcing the price down... and the problem of liquidity gets worse. Bit of a shit situation I'm afraid.

But we can fix it all. Here's how.

We have to build decentralized repository on steem for steem, then vote this code in with community support. Steem becomes unstoppable. Bitcoin is our dad but it will seem like our grandpa once this phase of governance development is complete.