I'm just trying to cover all the potential situations here, folks, this is mainly brainstorming.
Short introduction: after buying STEEM's stake in Steemit Inc, and after a few witnesses introduced a soft fork to freeze that stake in regard to chain governance, Justin Sun partnered (or "colluded" if you're the stronger language type) with 3 exchanges to gain a majority and instate a new governance. Exchanges used customers funds, which they powered up - that literally "locks" those funds. In order to become liquid again, the powered up STEEM should be powered down and that takes about 13 weeks, in the current on-chain governance.
One of the measures announced with the "new governance" was an aggressive shortening of the power down period, up to 3 days. It's quite obvious that this is a supportive measure for exchanges, so they can make all their "blocked" STEEM liquid again.
At the moment of writing, the takeover is partially reverted, meaning that in the top 20 witnesses, 7 are community elected witnesses and 13 are non-human. This setup blocks any potential hardfork, including one which will shorten the power down period.
Ok, so let's take a moment here.
If there isn't enough liquid STEEM on the market, what would happen? Basic economic principles are telling us that demand will increase. When demand increases, price increases. So, if the current lockdown will continue - no shortening power down hardfork implemented - one of the predictable outcomes will be that STEEM price will rise.
Interestingly, this goes well for all parties involved: for new Steemit Inc owner, who may see an unexpected increase of value in his purchase, and for community members, who again, will enjoy a much expected (and, to a certain extent, deserved) price increase.
If the current governance is maintained, it means exchanges will have all their customer's liquid STEEM back in 13 weeks. During this time, simply because of scarcity, there is a consistent chance that price will increase.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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