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RE: Urgent Community Petition: Steemit Inc. to Stop 34 Mil SP Powerdown!

in #witness5 years ago (edited)

This isn't all. They can redistribute it to anonymous accounts and then upvote in perpetuity whomever. This presents a risk don't you think? It's a lot of Steem unlocked at once which produces a lot of uncertainty.

Ned has not explained what crisis exists to cause a dramatic turn of events other than 70% of Steemit being laid off recently.

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It shouldnt be too hard to find the 34 new 1m sp whales, nor the 340 new 100k sp dolphins, though the 3400 newly powered up minnows that all vote the same witnesses might blend in a little more, imo.
If they use the stake, it shouldnt be that hard to find them.

The problem is you can only speculate they are Steemit accounts and won't have proof.

It may be strongly enough correlated but yes that's true. I predict they sell though, and not on an exchange but by selling their keys.

Good point, some other geezer might have 10M Steem sitting on exchanges.

Yes, a fork would be a pr nightmare, but it is weighed against continued abuse by the abusers.
Do we let the ship continue to flounder, or do we start overboarding the abusers?