You are viewing a single comment's thread from:

RE: What does the death of Steem mean for cryptocurrency?

in #steem5 years ago

I think it would need to be done through a combination of actions. Someone could gradually accumulate Hive on the exchanges and we would not necessarily notice much of jump in price. The Hive could be distributed to over 50 accounts so that a large accumulation of Hive is less noticeable. There are also several large whale accounts that have been inactive for a while. It is possible these could be bought without anyone noticing.

All of this requires a bit of work and could become expensive if Hive pumps. We also have to consider if it is worth the effort to control Hive. I would guess, it would most likely be a competitor. Fortunately, I don't believe the biggest centralised social media platforms consider Hive a real threat. By the time they do, taking over Hive by accumulating Hive will become considerably more expensive. There is also the possibility Justin could try buying up lots of Hive and plan a takeover out of spite.

I am in favour of turning unlikely into close to impossible. Changing consensus voting could do that.

Sort:  

I 100% agree with your opinions/thoughts.
Well, let's hope it will not happen!