@geekgirl @sneak its apparent you missed the entire point of this dialogue. It's not an arguement, its a conversation. A thread to discuss various possibilities and to reach a higher point of community clarity on how steem and all associated mechanisms REALLY works. Since well sourced information on it seems difficult to find.
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The problem here is that you essentially imply that STEEM is doomed b/c this can happen; however, this same scheme could be done in so many other markets. What I've seen is that if they were to buy up all the STEEM (or fill-in-the-blank) then there would be none available for anyone else to buy and/or it would be too expensive to sell. Besides, the fact is that probably 75% of STEEM owners won't specifically sell their STEEM (I know it's a grand exaggeration, but if anyone caught wind of such a buy-up then more would HOLD). That's my 2-cents-worth at least.
They'd sell like a mofo if price went to $7, I'd wager.
And whoever bought at that price would lose when the markets correct.
I think that’s accurate.
That's the nature of markets, yes. People buy, people sell.
Thank you @dbzfan4awhile. Yes, the scheme mentioned in our example happens in every big market. Which is why we wanted to know more fully how steem is prepared to protect itself from these larger market influencers.
We see that our enterance hook on this paragraph was.... overwhelmingly strong to the point of creating emotion dissonance. We have retracted our earlier introduction statement to be more neutral. Clearly, the steem community and economy has a lot going for it.
It was really nice to see a lot of information here otherwise unavailable to us. In some time we will release an addition to our steem academy that includes the best information from this thread and other threads.
It also helps when you have great visibility in the community.
so... you came up about $1000 in 22 days by paying for votes... did you really think that's the way this is supposed to work? and now you power down? because we called you out on your behavior? but, you really love steem?
I could only wish to know the right people that would pull me up to $1000. If all that is accurate then it I’m disappointed 😔.