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RE: Mutual leverage between Steem and exchanges; we can be destroyed, or we can use it
Remember the times when STEEM on Poloniex was "in maintenance" for months likely because of tech incompetence and nobody could do anything about it?
If people try to withdraw more than they have liquid, they probably just put STEEM into "maintenance" and sit it out for 13 weeks. Although illegal and evil, they probably will get away with that.
It depends on what you mean by "get away with it."
I was taking a monster 7-month-pregnant and tired nap the other day and my kids "got away" with eating pizza and drinking soda in their room and making a mess. They didn't get in trouble, but, guess when the next time I'm gonna buy pizza is.... and guess who now gets chores and things to do while mama does not have time to be "wathcing" them.
So, they ate the pizza and didn't get "in trouble" but, the long term consequences are there.
Probably a bad analogy since they will probably eat pizza in their room again... but still... a slight example of how "getting away with stuff" makes those around you weary, and that is a consequence in itself.
Posted via Steemleo
Like I wrote in the other comment: in 2020 nobody really into crypto should use centralized exchanges anymore
Riiiiiiight. Noobs. AND kids shouldn't eat pizza in their rooms without cleaning up after themselves!