You are viewing a single comment's thread from:

RE: Why I Say NO to the Proposed 4 Weeks Power Down by @Thecryptodrive

in #steem6 years ago

Honestly, I believe the idea of the 4 week powerdown is that major whales want to be able to get out quick and leave everyone else hurt. Imagine what would happen in a bull market if Steemit Inc. could sell off 25% of their stack in a week. Steem would stay low and they'd get out with as much earnings as possible.

In my opinion it is a wholely self-serving objective.

Sort:  

Thanks for your very good points. I can only hope that the change does not scale through because of the resulting catastrophe that will come from such changes.

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.088
BTC 60430.90
ETH 1622.97
USDT 1.00
SBD 0.38