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RE: STEEM totally decoupled from BTC - following its wave count
What if like twenty people get together and launch a copy and paste coin of Steem and a website like Steemit to use the new token? Give ourselves millions of the new token, pump it up and then dump and then start another blockchain. Got lots of money and time on your hands? Greedy? There is your formula.
Indeed. Wait - isn´t that exactly what is happening with Steemit right now?