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RE: Epic DASH bull run perplexes poloniex trollbox traders and dumbfounds ethereum newbies
Traders don't want any altcoins to compete with bitcoin, they just want to pump them to get more bitcoins but when an altcoins is showing strong resistance they start to worry which is why they trash dash in the troll box.
This is also why speculators ignore steem, because steem is one of those cryptos that have a real chance to overtake bitcoin, pumping it would be too risky for them.
steem has to go to less than a penny to solve the issue of steem whales, lower the price is better the distribution
It would solve the issue only temporarily, as soon as the price is back up we will have the exact same problem. It's not a long term viable solution to solve power concentration imo.
Also I don't know if you paid attention but a lot of whale have started to buy back the steem they sold a few months ago, whales will only get more powerful if the price goes to 1 cent.
the price wont go back up until the problem is solved by more disturbution
My point was that you don't solve the distribution issue by reducing the price, because the day it comes back up you will have the exact same problem.
no, the problem will not exist because the steem coins are limited, so them being more widely distributed because the price is 100 satoshi solves the problem, and then the price can start going back up again
wut?
And everyone who bought before the price went up would now be the new early adopters/whales, so when the rest of the world catch on with steem we will have the exact same problem we have now.
10,000 whales is better than 100 whales, it works