STEEM Worst Case Scenario Analysis

lightproject (64)in #steem • 7 years ago (edited)

Will new whales take over?

Theres a lot of chat going on in steemit regarding future events and evolution as a currency. Obviously, steem as a blockchain has not reached yet its critical mass. But it will. There is literary nothing you can compare steem with. It is just, revolutionary.

Steem long term, just WON`T dissapear.

However, dark times might come. There is always the possiblity of market manipulation, delays on software updates, huge cashouts...Many factors can slow down the growth speed of Steem.

In my opinion, the worst case scenario is the following:

Whales cashing out.

What happens next?

New investors will take over as new whales.

There are some real life situations might serve useful as an analysis example. Remember that at the end of the day, whales are nothing but STEEM stakeholders. Check out some real life companies evolutions where initial CEOs (whales) where replaced.

What happened to many CEOs from prestigious companies?

Co-founder Steve Jobs left Apple in 1985 after a struggle with its board of directors. He returned in 1996 to serve as interim CEO when the company was floundering and stock prices had plummeted. He became permanent CEO in 1997.
Isaac Perlmutter was a member of Marvel Comics' board of directors when the company went into bankruptcy in 1996. As the owner of Toy Biz, Inc., he helped merge the company with Marvel to bring it out of bankruptcy in 1998. Focused on licensing for media and products, Marvel improved its cash flow and raised its stock price.
"If you can find a better car … buy it." That was president and CEO Lee Iacocca's battle cry as he saved Chrysler from the verge of bankruptcy in the early 1980s. After being fired from Ford Motor Co., Iacocca was hired to rescue the failing automaker. Realizing the company needed money, he made a plea to Congress in 1979 that resulted in federally guaranteed loans of $1.5 billion for Chrysler.
Ed Whitacre retired as CEO of AT&T in 2007, but GM lured him back into the workforce, relying on him to turn things around after its bankruptcy and government bailout. He streamlined the company's holdings, selling Saab and cancelling projects such as another model of the Chevrolet Volt that was planned to compete with the Toyota Prius, and earned the nickname of "GM's Reaper." Sixteen months later, GM launched the biggest IPO in history at $23.1 billion. Whitacre said he would leave after “returning GM to greatness.” He stepped down from his post in September 2010.