Do We Need A Hard Fork To Disseminate The Founders 80% Of Pre-mined Steem Power (SP) Across ALL Steemit Accounts Equally? by lynchiandream

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steemit · @lynchiandream · Oct 10 '16 (edited)

$0.16

Do We Need A Hard Fork To Disseminate The Founders 80% Of Pre-mined Steem Power (SP) Across ALL Steemit Accounts Equally?

# This is one way we can rescue the Steem price from falling below it's lowest level price of $0.31 this morning.
# We must act soon before the floor falls through to the 20s!
# The hour is indeed late my Steemit friends.

http://media.coindesk.com/uploads/2016/09/bomb-shelter-light-e1473855632239.jpg

👍 james212, neptun, asmolokalo, ervin-lemark, matrixdweller, crok, mindhunter, mokluc, karenmckersie, christoryan, naturalista, minnowsunited, makis84, geran, imarealboy777, drac59, mikerecsa, salimaliosto, shataxemanabor, kirisaranarann, lauritarewecco, symelenaa, lauratizerra, gholbirisharan, mysun, fenrile, miloduhawe, verai, perevelaura, kaslina, zaxar, leverenon, buzalunee, natash, snowfango, larkins, landagrae, majortool, midefevitae, cyniclinic, captainamerica, thecentreofitall, julia112, lynchiandream, seirffejpilihp

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@christoryan · Oct 10 '16

Steem power is the only thing that matters.. All powers within the blockchain will be able to shapeshift back and forth whether it's steem power or steem missles.. **click click click** Steemit will never fail and only suprise!!

👍 mindhunter

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@mindhunter · Oct 10 '16

If Steemit will never fail, then why can't the price rise? Surely there is another factor at play??

👍 mindhunter, thecentreofitall, lynchiandream, seirffejpilihp

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@thecentreofitall · Oct 10 '16 (edited)

I agree @mindhunter The 80/20 rule may end up hanging Steemit if some kind of balance and fair order is not restored.

👍 mindhunter

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1 reply

@everittdmickey · Oct 10 '16

sounds a bit marxist to me

👍 mindhunter, dailybitcoinnews

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@mindhunter · Oct 10 '16 (edited)

Sounds like Ethereum to me! Mk II.

👍 mindhunter

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@mindhunter · Oct 11 '16

For noobs: Ethereum was another crypto-coin that was dogged with issues similar to Steemit.

👍 mindhunter

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@matrixdweller · Oct 10 '16 (edited)

at-least decrease it to 1 - 5 % of all SP

👍 matrixdweller, mindhunter

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@mindhunter · Oct 10 '16

Yeah! Agreed! 80% is WAAAAAAAAAAAAAAAY too high!!

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@mindhunter · Oct 10 '16 (edited)

(that 80% is in just 215 founder accounts!)

👍 mindhunter

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1 reply

@mindhunter · Oct 10 '16

This is a VERY interesting proposal. LIKE. Up-voted and Resteemed!

👍 lynchiandream

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@lynchiandream · Oct 10 '16

Thanks @mindhunter

👍 mindhunter, lynchiandream

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@lynchiandream · Oct 10 '16

I hope all your followers like the Resteem.

👍 mindhunter

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7 replies

@mindhunter · Oct 10 '16

$10 million has fallen out of STEEM's market cap in 24 hours! OUCH!!!

👍 matrixdweller

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@mindhunter · Oct 11 '16

The Business Cat speaks: https://www.steemimg.com/images/2016/10/11/meme34f34.jpg

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@mindhunter · Oct 11 '16

I just found this interesting idea: https://steemit.com/steemit/@thecentreofitall/should-i-just-quit-steemit-now-and-start-to-prepare-to-migrate-my-existing-steemit-content-over-to-yours-network

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@telos · Oct 10 '16

I'm sure this would have no unintended consequences, like completely ruining confidence in Steem because it could be forcibly redistributed at any time.

👍 bluehorseshoe, telos, cmtzco, kryptik, seraph, jasen.g1311, jaredandanissa, celestial
👎 matrixdweller, jillstein2016, orwellnightmare

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@mindhunter · Oct 11 '16 (edited)

Pre-mined cryptos have been reversed before, but it is rare. I don't know whether it was malicious (initially) or just plain ignorance - who knows??

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@thecentreofitall · Oct 10 '16

I agree, we need to do something or the Steem price will be $0.10 before Xmas!

👍 mindhunter, lynchiandream

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@lynchiandream · Oct 10 '16 (edited)

I wonder what the Steem price will be at the Steemfest in November??

👍 mindhunter

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@mindhunter · Oct 10 '16

According to the SAR dots on my monthly trading charts - with extrapolation = $0.15! We need action QUICKLY!!

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1 reply

@radioactivities · Oct 10 '16

Buy all your xmas presents on peerhub using steem!!

👍 mindhunter

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@mindhunter · Oct 11 '16

Sounds like a good idea to me!! You'll be getting a small Steemit sticker! LOL!

👍 radioactivities

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