RE: Do the drops get you down? by tarazkp

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Viewing a response to: @thedarkhorse/q1j9cu

thoughts · @tarazkp · Nov 25 '19

>IMO I love that someone dumped that much. They can only do it once and hopefully whoever bought it isn't looking for a quick flip and holds for a while.

This is what is required for distribution. What needs to happen though is that more people need to buy than sell for it to continually decentralize, which is slowly happening.

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@shortsegments · Nov 25 '19

This is the hard, cold fact about our project, imho 
It started out centralized and overtime as whales sell and minnows buy, that’s how it gets decentralized. It looks problematic for price but...,
Every problem represents an opportunity for problem solvers or those who look fir opportunities in problems. 
Some will run away and others towards the problem, each convinced that they are right. 
😉

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@tarazkp · Nov 25 '19

I am hoping that as use case increases, the minnows buying will start sinking instead of speculating and each round a little more will move from the liquid pool and create scarcity, which will push more of the same.

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@shortsegments · Nov 25 '19

There are more minnows then whales and the price is right for them to power up. If not now, when?

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1 reply

@thedarkhorse · Nov 25 '19

Agreed. We need the whales to all have maybe 50% less stake on average to avoid a few having to much power. That power spread around to other people who want to see steem succeed long term and are advocates of the blockchain would go a long way towards this becoming a long term success.

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@tarazkp · Nov 25 '19

THis will happen with the market ups and downs, and as long as there is a growing spread of holders, the place will stabilize. At some point, sellers will miss their buy backs and have less tokens each time.

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@thedarkhorse · Nov 25 '19

I'm patiently waiting for the stabilization...lol.

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1 reply