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RE: Justification for 104 week Power Down
I am for giving whales with more than 1% in the system the option to powerdown immediately and sell without a minimum price everything... This way there would not be the continuous selling pressure for 2 years and everything had a clear sky from there on...
Bugger them, if you let the 1%+ sell immediately this lets them profit immediately; why not make them work and wait like the mere mortals have to.
If they sell out today you still have 9,999 other Steemians all powering down every week and selling something so the selling pressure is never quite relieved at all . . . Make the damn whales work for their shares like the rest of us ; lol : )
/ hugz ; )
I see 2 years of clouds hanging over steem... I prefer to have them away... and this way we could grab some really cheap ones... instead of buying at a marketcap at 100 million we could buy at a marketcap of 500,000... ;)
Well I agree with you , I see years of uncertainty ; but I just want a level playing field . . .
You probably understand all this crypto-stuff far better than a newbie like me. Six months ago I could not spell cryptocurrency , now I am a shareholder . . .
So maybe you know when and how to buy and sell this internet barter coin , little old me I am just along for the ride to see how it all turns out : )
May your investments follow your plans and more steem power or more gold to you , for me ; I am uncertain of my analysis of what occurred last week so I have no hope of predicting the future like a trader tries to do : )
/ hugz ; )
I am here for the journey ; I must travel along for the journey since I have absolutely no clue what the expected destination is likely to be : )