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RE: Your stake in Steem on centralized exchanges was just used to take over the Steem Blockchain

in #steem4 years ago

It was an experiment. First having a power down of over a year which didn't work and allowed those with comparatively large funds to draw enough out each week and keep the middle class and poor people from being able to dump as fast.

Why do people keep Bitcoin, Litecoin, or ETH when the price goes up? Because they think it is going to go higher.

The power down helped nothing and hurt everything. Kept investors away because it was too risky to lock capital up.