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RE: My thoughts about steemit powerdown

in #steemit5 years ago

Personally I have loved that they were selling what was said to be 800k coins a month (can't remember who posted that) or whatever amount it was.

To me this happening lowered the price of Steem which short term is a very good thing for the coin as SO many people have had a chance to power up who otherwise wouldn't have.

It also has reduced the percentage of ownership that Steemit Inc has on the total network which is also a very good thing.

The same people who are complaining about how centralized things are with Steemit Inc owning so much are the same ones that don't like Steemit Inc selling their coins...what? How stupid can you be? If you want things more decentralized then you should cheer every time Steemit Inc puts more of the coins into the general public's hands and increases the liquidity of the coin. Even if the price goes down this is a good thing.

There are more then a few large account that I wish would sell a chunk each month and reduce their stranglehold on the power structure of the reward pool.

All that said, even if I hated the idea of a large account selling their stake there is nothing that can be done about it. It's their money and they are free to do with it as they see fit.

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