sure it is 40%? that's already better than I thought. I've seen other people claiming it is up to 93%!
In any case a burn of half of Steemit Inc 's Steem Power would help Steem fly and become more decentralized....other Blockchain companies did it and it helped prices skyrocket. Usually when the devs keep more than 25% of the supply it is frowned upon...
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I am talking about what is publicly known. There are some unknown whales which are either early investors or part of the team that made steem.
I also excluded @blocktrades @freedom etc whales.
What would happen if a country like China decided to make a crypto currency and got rid of there fiat currency do you think any of the crypto currencies already established could withstand that? Not to mention what if a group of countries made there own crypto currency and replaced paper currency could any crypto currencies withstand that? I would not think so and all the currencies and ways to use them we have now seem like a prelude or experiment in how or what the elite will need to do to strong arm the crypto currency market!