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RE: Why powerdown set to 24 hours would destroy STEEM blockchain
I guess if everyone did that then the value of Steem would deflate by 6*, assuming the rewards mechanisms can cope with the gaming?
Or maybe the whole system would just crash.
It would be worst.. As there would be an oversupply plus inflation.
Great, I'm just thinking 'things are going to get worse'.
I'm sure all these talks are about is seeing if there's a way to get us to agree on a fork they've already got waiting.
If we don't agree, it'll come anyway. The exchange accounts have been buying in enough Steem to oust the real T20.
I just hope Justin and Tron are sensitive to their social media reputations and don't freeze out the stake of the original witnesses at the same time as making other changes.
CEO's are simple ego-powered machines that are only interested in two things.
(1) MAKE MORE MONEY AS QUICKLY AS POSSIBLE
(2) HUMILIATE COMPETITORS
We can know what they said because NOBODY (especially a CEO) would buy a property unless they could (EITHER) MAKE MORE MONEY QUICKLY (OR) HUMILIATE COMPETITORS.
We can know what they said because NOBODY (especially a CEO) would buy a property in order to "help build a community of idealistic rapscallions who believe in decentralized governance".
CEO = EXECUTIVE POWER = CENTRALIZED CONTROL
"Decentralized Governance" is anathema to their very existence on all levels.
CEO will crush anyone who questions them.