It takes 13 weeks to power down. Therefore, they had to wait at least 7 weeks and power down the whole amount to get half in 7 weeks. Powering down the whole stake itself can create a panic.

Moreover, argument was mainly that STINC ninja mined stake was for Steem's development not @ned's own property but he sold it as his own property. It means that @ned has sold a stolen property. If witnesses, able to get top 17 witnesses in t20 then they can lock the STINC's stake and force JS to deal with @ned.

However, current witnesses position is a lock down situation: 7 from the community and 13 from the JS. If everybody make some compromise, JS will market and develop Steem, Steem's price will increase, JS can sell his stake slowly and get out. Future developments can solely done by the community developers funded by the SPS. Even SPS can be increased from current 10% to 15-20%.

The main culprit is @ned. He drowned a blockchain from rank 3 to almost out of 100. Investors bought millions of Steem on promise that STINC's fund will be used for development not for personal gain.

However, witnesses and community can pursue both JS and @ned, but it will not bring a positive outcome either. The best win-win situation would be let pump Steem for JS's own sake and let him sell out to make it widely distributed. Future developments will be funded by SPS and there will be no big stake holder who will be able to control all the witnesses or control blockchain. At the end, decentralization wins!

Posted via Steemleo