Why Steemit Inc Should Time Lock Their Steem
Steemit Inc owns 24%+ of all existing Steem. If they are in for the long run, then it shouldn't be an issue to concretize their commitment. This move would help reassure investors in regard to Steemit Inc long term commitment. Steemit Inc has been capital in the development of the Steem software so far and thus the importance of such a move would carry a lot of weight.
I advise Steemit Inc to lock their current undelegated Steem in a smart contract that would allow them to power down only 10% of them every year over the next 10 years. This should be more than enough to allow them to cover the cost of their operations and if the price of Steem were to go up more than 10% a year this means their overall capital would increase over time. 10% is only a recommendation.
I don't know how complex such a feature would be to add but I definitely think it should be discussed.
Source:
https://steemd.com
https://percentagecalculator.net/
https://steemitboard.com/ranking/index.php?p=0&s=vests
https://www.maxpixel.net/Steam-Steam-I-Virtual-Currency-Coin-Cryptocurrency-2996781
Congratulations @lynntps! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!