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RE: Steem Power Distribution - Top 100 Accounts Losing Control - 6 Weeks of Data...
This is how all of nature works. When a complex, adaptive system is left to sort itself out, it will. But it takes time. Of course you will have extremely powerful individuals in a new environment that they build. But over time, power and wealth will disperse, and you don't need a central hand to achieve that dispersion.
nice theory ... if any of there were true ... why's the price crashing? why are users leaving?
We are certainly going through a period of price discovery, and painful distribution. $70m market cap. It's not all doom and gloom. I expect further pressure on price over the coming months, however once we hit 90% Steem Power to Steem, Power Downs will begin to fall, and I expect a level of support to come into the Market, as less Liquid Steem is produced per week..
as long dan and ned refuse to use their power to stop the corrupt whales; Steemit will die!
Up 19% today, but off a very low base and with BTC weakening.
ow, 19% up in 1 day, ok let's ignore the 1900% down in 3 months then ... hahahaha