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RE: STEEM Update: The CHALICE of WEALTH !! Target $4 by end of year and $6 by Q1/Q2 of 2018

in #bitcoin • 7 years ago

Idk what effect large bagholders have on STEEM but I thought this was interesting.

Chris Burniske‏Verified account @cburniske Sep 19
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3/ @steemit's % ownership of the overall network value has dropped from 80% originally to ~30% today. Well capitalized but decentralizing.

7 years ago in #bitcoin by
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     7 years ago 

    I'm sorry, I don't understand. Can you explain?

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     7 years ago 

    I believe the old owners and devs of Steemit during its first meteoric rise held 80% of the supply, so the top 1% held 80% where as now the top 1% only hold 30% of the overall supply since then.

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     7 years ago 

    Time to go up!

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