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RE: @Steemit Powers Down! - How Do They Plan To Use Those Funds?
Man, Steemit is not owned by Steemit Inc or whatever. It belongs to the people. Personally I don't expect updates or communications from them. Decentralize everything
True but anyways the Steem Blockchain depends on their actions a lot. Of course we could survive without them but what do you think would happen in case they´d dump all their tokens during this early stage? In my opinion it would be a major hit for the Platform as well as the Community.
With Great Power comes great responsibility and therefore I´m simply curious what they are up to as it already affects thousands of people in a direct way. That being said I´d like to see the tokens being more decentralized in the long run actually!
I think if the platform was just going down the shitter, they may just peace out, but they won't be going anywhere with the recent success Steemit has been having in my opinion.
Agreed! It´d be more than just dumb to leave the rocket right before it´s launch :)
Indeed
I agree with you that dumping the tokens would be a bad move. However, if this platform and community would fail because of them dumping the tokens, then one could ask what's the actual value of Steemit. If people are in it for the money, it will break, if people genuinely like the idea, then this thing is unstoppable.
I´m more than convinced that there are a lot of people who´ll stay on Steemit even in case the price goes to the ground. But honestly the whole platform is somehow about money so in case this factor gets taken out, whenever steem reaches 0$, it´ll be hard to recover from there.
If Steem reaches null, then spammers have no longer interest in the platform. Which leaves only the people who willingly want to create, good quality content.
Eventually, It should climb back up. All the Intellectual Property published here got to be worth something.
That's why it's good that Steemit is powering down, the less SP the larger whales have. The closer we are to a system where all of the small accounts can get a fare share of the reward pool.