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It may be strongly enough correlated but yes that's true. I predict they sell though, and not on an exchange but by selling their keys.

Good point, some other geezer might have 10M Steem sitting on exchanges.

Yes, a fork would be a pr nightmare, but it is weighed against continued abuse by the abusers.
Do we let the ship continue to flounder, or do we start overboarding the abusers?